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We use a sample of 144 countries over the period 2003-2013 to investigate the link between democracy and regulatory … reforms. Democracy may be conducive to reform, as politicians embrace growth-enhancing reforms to win elections. On the other … World Bank’s Doing Business database. The results provide some support for the hypothesis that democracy is good for …
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Social trust has been identified as a catalyst for reforms. We take the literature further in two ways. First, we make a fine-grained analysis of mechanisms through which social trust enables liberalizing reforms - by strengthening the ability to overcome obstacles in the political process...
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liberalizations correspond to the event of becoming a democracy. Using a difference-indifference estimation, we ask what are the …
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We first present a simple model of post-crisis policymaking driven by both public and private interests. Using a novel dataset covering 94 countries between 1973 and 2015, we then establish that financial crises can lead to government interventions in financial markets. Consistent with a public...
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