Abstract
Are democracies more transparent than other types of political regimes? The answer to this question is often assumed to be yes. The contestability of elections and transparency of policy-making are however, analytically distinct concepts. We investigate theoretically the willingness of policy-makers to provide credible announcements of policy-relevant variables, and show that the availability (or absence) of that data is correlated with regime type, even after controlling for level of development, participation in IMF programs, country-specific effects, and the effects of time. Democracies are indeed more transparent.
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