Eelco Zandberg, Jakob de Haan, and Paul Elhorst, "The Political Economy 
of Financial Reform: How Robust are Huang's Findings?", Journal of 
Applied Econometrics, Vol. 27, No. 4, 2012, pp. 695-699.

In order to replicate our results, the following do files are needed:

  freform_JAE_adapt.do (to replicate the results of columns 1 and 2 of Table 1)

  freform_New1.do (to replicate the results of columns 3 and 4 of Table 1)

  freform_New1rob.do (to replicate the results of columns 5 and 6 of Table 1)

In addition, the following data files are needed:

  flidata.csv (Original data on financial liberalization and control 
  variables of Huang (2009))

  gdn-fixedfactors.csv (File that contains regional dummies)
  
  DataNew1.txt (New data on financial liberalization from Abiad et al. 
  (2008) and control variables)
  
  DataNew1rob.txt (New data on financial liberalization from Abiad et 
  al. (2008) with a small change in the composition of the financial 
  liberalization index)

The three do files and four data files are all ASCII files in DOS 
format. They are zipped in the file zhe-files.zip. Unix/Linux users 
should use "unzip -a".

To run the do-files make sure that the data files are saved in the same 
folder and change the directories in the do-files.

Running the do-files will result in a lot of Excel files with results. 
The results that are presented in columns 1-6 of table 1 of the paper 
can be found in the following files:

Table7_FE_Repl.xls (column 6)    = column 1 of Table 1 in our paper
Table8_FE_Repl.xls (column 4)    = column 2 of Table 1 in our paper
Table7_FE_New1.xls (column 6)    = column 3 of Table 1 in our paper
Table8_FE_New1.xls (column 4)    = column 4 of Table 1 in our paper
Table7_FE_New1rob.xls (column 6) = column 5 of Table 1 in our paper
Table8_FE_New1rob.xls (column 4) = column 6 of Table 1 in our paper

Stata 11 was used for the analysis of the paper. Users of different 
versions of Stata may have to modify the do files slightly.