The Determinants of Governance: A Cross-Country Analysis
AbstractDrawing on insights from economic, political, and cultural theories of governance, this article investigates the determinants of governance for a large sample of countries, both developed and developing. The results indicate that countries with a history of Western European influence and with British common law origins have better governance. In addition to these exogenous and historically predetermined variables, economic factors such as openness to trade, resource-intensity in exports, and levels of economic development have a significant impact on governance. (JEL "D73", "H11", "K42") Copyright 2004 Western Economic Association International.
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Bibliographic InfoArticle provided by Western Economic Association International in its journal Contemporary Economic Policy.
Volume (Year): 22 (2004)
Issue (Month): 3 (07)
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Find related papers by JEL classification:
- D73 - Microeconomics - - Analysis of Collective Decision-Making - - - Bureaucracy; Administrative Processes in Public Organizations; Corruption
- H11 - Public Economics - - Structure and Scope of Government - - - Structure and Scope of Government
- K42 - Law and Economics - - Legal Procedure, the Legal System, and Illegal Behavior - - - Illegal Behavior and the Enforcement of Law
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- Jiro Honda, 2008. "Do IMF Programs Improve Economic Governance?," IMF Working Papers 08/114, International Monetary Fund.
- Ali, Fathi & Fiess, Norbert & MacDonald, Ronald, 2009. "Climbing to the top? Foreign Direct Investment and Property Rights," SIRE Discussion Papers, Scottish Institute for Research in Economics (SIRE) 2009-03, Scottish Institute for Research in Economics (SIRE).
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