Amin, Mohammad; Djankov, Simeon - C.E.P.R. Discussion Papers - 2009
We use a sample of 147 countries to investigate the link between democracy and reforms. Democracy may be conducive to … reform, because politicians have the incentive to embrace growth-enhancing reforms to win elections. On the other hand … institutions. The results provide a robust support for the claim that democracy is good for growth-enhancing reforms. …