Financial Crisis and Governance in Developing Countries: Socio-economic Issues and Perspectives
The economic crisis had diverse socio-economic effects, particularly in developing countries. Added to the bad political and economic governance, these effects have made the social climate very fragile. So, in several countries, this situation has caused major social movements which have changed the political regime in some cases (Tunisia, Egypt, Libya and Yemen). Through these movements, these societies aim to establish law-governed states. Theoretically, under good governance development should flourish. In this paper, we analyze the socioeconomic effects of the crisis in several regions of developing countries. Then, we present a review of literature on governance and development. The last section is devoted to an empirical study using panel data. The empirical study covers a sample of 51 developing countries during the period 1980-2009 (yearly data, T=30). The main results show that the contribution of good governance to growth is significantly positive. Moreover, it seems that institutions that promote political and civil freedom enhance the contribution of Foreign Direct Investment (FDI) to growth. However, it is important to mention that these contributions are conditioned by the social endowment of human capital. The last seems to help to benefit, especially in the revolutionary new countries, from the new growth opportunities.
Volume (Year): 2 (2012)
Issue (Month): (November)
|Contact details of provider:|| Postal: 17 Alton Towers Circle, Unit 101 Toronto, ON, M1V3L8, Canada|
Web page: http://www.bapress.ca
|Order Information:|| Postal: 17 Alton Towers Circle, Unit 101 Toronto, ON, M1V3L8, Canada|
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Khanna, Gaurav & Newhouse, David & Paci, Pierella, 2010.
"Fewer Jobs or Smaller Paychecks? Labor Market Impacts of the Recent Crisis in Middle-Income Countries,"
World Bank - Economic Premise,
The World Bank, issue 11, pages 1-4, April.
- Gaurav Khanna & David Newhouse & Pierella Paci, 2010. "Fewer Jobs or Smaller Paychecks? Labor Market Impacts of the Recent Crisis in Middle-Income Countries," World Bank Other Operational Studies 10197, The World Bank.
- Robert J. Barro, 2013.
"Inflation and Economic Growth,"
Annals of Economics and Finance,
Society for AEF, vol. 14(1), pages 121-144, May.
- Robert E. Hall & Charles I. Jones, 1999. "Why Do Some Countries Produce So Much More Output per Worker than Others?," NBER Working Papers 6564, National Bureau of Economic Research, Inc.
- Robert E. Hall & Charles I. Jones, 1999. "Why do Some Countries Produce So Much More Output Per Worker than Others?," The Quarterly Journal of Economics, Oxford University Press, vol. 114(1), pages 83-116.
When requesting a correction, please mention this item's handle: RePEc:bap:journl:120407. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Carlson)
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.