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a product of Investment Climate Team, Development Research Group is part of a larger effort in the group to understand …
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"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...
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of domestic interest rates, and the latest Investment Climate Assessment to present evidence on the criticality of low …
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educational investment, financial depth, inflation stabilization, public infrastructure, governance, labor-market flexibility …
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foreign direct investment. Controlling for regressors commonly used in the growth literature, they find that measures of …
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