This paper questions the effect of democracy on regulatory reforms by mainly checking whether the observed differences between the transition economies and the rest of the economies in terms of engaged reforms are related to the level of democracy. Our results, based primarily on the Oaxaca -...

We investigate the effects of financial development on recession while controlling for potential recession factors using data of about 129 countries covering the 1990-2010 period. To the best of our knowledge, this is the first study examining this relationship using a plural and innovative...