Democracy and Reforms : Evidence From a New Dataset /
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,...
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| Other Authors: | , , |
| Format: | Book |
| Language: | English |
| Published: |
Washington, D.C. :
International Monetary Fund,
2010
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| Series: | IMF Working Papers ;
Working Paper No. 10/173 IMF Working Papers; Working Paper ; No. 2010/173 IMF eLibrary |
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| Summary: | 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 |
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| Item Description: | Part of the IMF eLibrary collection |
| Physical Description: | 1 online resource (39 pages) |
| ISBN: | 1455201847: |
| ISSN: | 1018-5941 2227-8885 |
| Access: | Restricted for use by site license Restricted for use by site license. |