01755cas a2200265 a 4500 AALejournalIMF006631 230101c9999 xx r poo 0 0eng d 5.00 USD 9781455201846 1018-5941 BD-DhAAL BD-DhAAL Spilimbergo, Antonio. Democracy and Reforms : Evidence from a New Dataset / Antonio Spilimbergo, Paola Giuliano, Prachi Mishra. Washington, D.C. : International Monetary Fund, 2010. 1 online resource (39 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students 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. Mode of access: Internet Giuliano, Paola. Mishra, Prachi. IMF Working Papers; Working Paper ; No. 2010/173 Full text available on IMF http://elibrary.imf.org/view/journals/001/2010/173/001.2010.issue-173-en.xml IMF e-Library