Keywords
POLITICAL RIGHTSLEGAL RIGHTS
DEMOCRACY
MINORITY SHAREHOLDERS
ECONOMIC REFORMS
ECONOMIC CRISES
SHAREHOLDER
INSTITUTIONAL ENVIRONMENT
LABOR MARKETS
PUBLIC OPINION
ECONOMICS
RAPID GROWTH
MORTALITY
ELECTION
PRODUCTIVITY
INTERNATIONAL TRADE
CRIME
COMMON LAW
CONTRACT ENFORCEMENT
BANKRUPTCY
DEMOCRACIES
BUSINESS CLIMATE
INCOME
SHAREHOLDER RIGHTS
POLITICAL ECONOMY
GOVERNANCE INDICATORS
MILITARY REGIMES
PRIVATE INVESTMENT
POLITICIANS
PROPERTY RIGHTS
DEMOCRATIC ENVIRONMENT
MACRO LEVEL
INVESTIGATION
WORLD DEVELOPMENT INDICATORS
PRIVATE SECTOR DEVELOPMENT
DEVELOPING COUNTRY
BUSINESS REGULATIONS
AUTHORITARIANISM
ECONOMIC LIBERALIZATION
DEMOCRATIC REGIMES
DEVELOPING COUNTRIES
LEGAL SYSTEM
RULE OF LAW
THIRD WORLD
LIVING STANDARDS
ECONOMIC GROWTH
RENTS
BUSINESS ENVIRONMENT
CIVIL LAW
LEGAL REFORMS
BARRIER
WAGES
ECONOMIC DEVELOPMENT
AUTHORITY
ELECTIONS
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Show full item recordOnline Access
http://hdl.handle.net/10986/4031Abstract
The authors use a sample of 147
 countries to investigate the link between democracy and
 reforms. Democracy may be conducive to reforms, because
 politicians have the incentive to embrace growth-enhancing
 reforms to win elections. By contrast, authoritarian regimes
 do not have to worry as much about public opinion and may
 undertake reforms that are painful in the short run but
 bring future prosperity. This paper tests these hypotheses,
 using data on micro-economic reforms from the World
 Bank's Doing Business database. These data do not
 suffer the endogeneity issues associated with other datasets
 on changes in economic institutions. The results provide
 robust support for the claim that democracy is good for
 growth-enhancing reforms.Date
2009-02-01Type
Publications & Research :: Policy Research Working PaperIdentifier
oai:openknowledge.worldbank.org:10986/4031http://hdl.handle.net/10986/4031
Copyright/License
CC BY 3.0 IGOCollections
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