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Democracy and Reforms :, Evidence from a New Dataset, Antonio Spilimbergo, Paola Giuliano, Prachi Mishra

Empirical evidence on the relationship between democracy and economic reforms is limited to few reforms, countries, and years. This paper studies the impact of democracy on the adoption of economic reforms using a new dataset on reforms in the financial, capital and banking sectors, product markets, agriculture, and trade for 150 countries over the period 1960 - 2004. Democracy has a positive and significant impact on the adoption of economic reforms but there is no evidence that economic reforms foster democracy. Our results are robust to the inclusion of a large variety of controls and estimation strategies
Table Of Contents
Cover Page; Title Page; Copyright Page; Contents; I. Introduction; Figure 1. Regulation and Democracy Over Time; Figure 2. Democracy and Reforms, 2000; II. Democracy and Reforms: Theory and Empirics; III. Data; A. Data on reforms; Table 1. Reform Indicators; a. Financial sector reforms in the domestic financial market; b. Capital account liberalization; c. Product market reforms; d. Agricultural market reforms; e. Trade reforms; f. Current account liberalization reforms; A. Aggregation and normalization; Table 2. Correlation between Reform Indicators; B. Other data; IV. Empirical strategy
Literary Form
non fiction
"July 2010."
Physical Description
1 online resource (56 p.)
Specific Material Designation
Form Of Item

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