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Project Citation: 

Giuliano, Paola, Mishra, Prachi, and Spilimbergo, Antonio. Replication data for: Democracy and Reforms: Evidence from a New Dataset. Nashville, TN: American Economic Association [publisher], 2013. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2019-10-12. https://doi.org/10.3886/E114280V1

Project Description

Summary:  View help for Summary Empirical evidence on the relationship between democracy and economic reforms is limited to few reforms, countries, and years. This paper studies the effect 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 scarce evidence that economic reforms foster democracy. Our results are robust to the inclusion of a large variety of controls and estimation strategies.

Scope of Project

JEL Classification:  View help for JEL Classification
      D72 Political Processes: Rent-seeking, Lobbying, Elections, Legislatures, and Voting Behavior
      E02 Institutions and the Macroeconomy
      E60 Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook: General
      L51 Economics of Regulation
      O17 Formal and Informal Sectors; Shadow Economy; Institutional Arrangements
      O20 Development Planning and Policy: General


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