Democracy and Reforms: Evidence from a New Dataset

WPIEA2010173 Image
Price:  $18.00

Author/Editor: Prachi Mishra, Paola Giuliano, Antonio Spilimbergo
Release Date: © July, 2010
ISBN : 978-1-45520-184-6
Stock #: WPIEA2010173
Stock Status: On back-order

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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.


Economic policy , Political economy

More publications in this series: Working Papers

More publications by: Prachi Mishra ; Paola Giuliano ; Antonio Spilimbergo