Governance MattersWorld Bank, Development Research Group, Macroeconomics and Growth, and World Bank Institute, Governance, Regulation, and Finance, 1999 - Economic development - 60 pages Six new aggregate measures capturing various dimensions of governance provide new evidence of a strong causal relationship from better governance to better development outcomes. |
Common terms and phrases
12-month period 2SLS aggregate governance indicators aggregate indicators assessments average banking and securities business development business environment capita incomes CEER civil clusters components confidence intervals construct aggregate Costs Country Risk Service crime cross-country developing countries EBRD Economist Intelligence Unit export F-statistic FHNT foreign Freedom House Gallup International GCSA GDP growth rate governance aggregate governance database Government Effectiveness Graft Hall and Jones HFWSJ impartial courts increase in scope infant mortality Instability and Violence institutions investment Kaufmann legal rules non-OECD sample Non-representative sources obstacle to business omitted variables bias organization PERC perceptions point increase policies Political Instability Political Risk reduces the GDP regressions regulations Regulatory Burden risk events risk ratings Row Concepts measured Rule of Law sample of countries sector September 1999 set of countries significant six aggregate six governance trade variables Voice and Accountability Wall Street Journal World Bank World Economic Forum