Democracy and Reforms: Evidence from a New Dataset
利用1960-2004年150个国家在金融、资本、银行、产品市场、农业和贸易领域改革的新数据集，研究发现民主对经济改革的采纳有显著正向影响，但经济改革对民主的促进作用证据不足。
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.