IDEAS home Printed from https://ideas.repec.org/a/eaa/aeinde/v9y2009i1_4.html
   My bibliography  Save this article

Government Effectiveness, Education, Economic Development And Well-Being: Analysis Of European Countries In Comparison With The United States And Canada, 2000-2007

Author

Listed:
  • Guisan, M.C.

Abstract

In this article we present an econometric analysis of the relationship between several indicators of economic development and wellbeing in Europe, the United States and Canada. We calculate a compound index of several indicators based on three groups: 1) Life satisfaction and income per capita, 2) governance indicators based on World Bank, including Voice and Accounting Index and Government Effectiveness Index, and 3) Educational indicators, including public education expenditure per capita and average total years of schooling, The most outstanding countries in the overall index are Norway, Denmark, Sweden, the United States, Austria, Ireland, Switzerland, Canada, Finland, Netherlands, and the United Kingdom. The three groups of indicators are highly correlated in several ways, due to the important positive effects of education on economic development and governance effectiveness, as well as to the positive effects of the “Voice and Accounting” index on “Governance Effectiveness”, and the importance of the latter for economic development, as it is shown in the estimated econometric models.

Suggested Citation

  • Guisan, M.C., 2009. "Government Effectiveness, Education, Economic Development And Well-Being: Analysis Of European Countries In Comparison With The United States And Canada, 2000-2007," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 9(1).
  • Handle: RePEc:eaa:aeinde:v:9:y:2009:i:1_4
    as

    Download full text from publisher

    File URL: http://www.usc.es/economet/reviews/aeid914.pdf
    Download Restriction: No
    ---><---

    References listed on IDEAS

    as
    1. Jong–Wha Lee & Robert J. Barro, 2001. "Schooling Quality in a Cross–Section of Countries," Economica, London School of Economics and Political Science, vol. 68(272), pages 465-488, November.
    2. Guisan, M.Carmen & Cancelo, M.Teresa, 2001. "Economic Development in OECD Countries during the 20th Century," Economic Development 49, University of Santiago de Compostela. Faculty of Economics and Business. Econometrics..
    3. Guisan, M.Carmen & Frias, Isidro, 1996. "Economic growth and social welfare in the European regions," Economic Development 9, University of Santiago de Compostela. Faculty of Economics and Business. Econometrics..
    4. GUISAN, Carmen & Neira, Isabel, 2006. "Direct and Indirect Effects of Human Capital on World Development, 1960-2004," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 6(1), pages 17-34.
    5. Portela, Marta & Neira, Isabel, 2002. "Capital Social: Concepto y Estudio Econometrico sobre el Capital Social en España," Estudios Economicos de Desarrollo Internacional, Euro-American Association of Economic Development, vol. 2(2).
    6. Andrew Sharpe, 1999. "A Survey of Indicators of Economic and Social Well-being," CSLS Research Reports 99wb, Centre for the Study of Living Standards.
    Full references (including those not matched with items on IDEAS)

    Citations

    Blog mentions

    As found by EconAcademics.org, the blog aggregator for Economics research:
    1. 9. Latin America 2000-2007: The Role of Investment, Industry and Foreign Trade in economic development. Euro-American Association of Economic Development Studies
      by Euro American Association EAAEDS in Euro-American Association: World Development on 2009-08-18 19:42:00

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Guzev, ?.?. & Ledeneva, ?.V. & Plaksunova, ?.?, 2018. "Main Tendencies In The Development Of Human Capital In The Russian Federation, 2011-2016," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 18(2), pages 55-72.
    2. GUISAN, Maria-Carmen & AGUAYO, Eva, 2011. "Women Participation, Quality Of Government And Economic Development In Europe, 2000-2007," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 11(1).
    3. POPKOVA, Elena, 2014. "New Prospects Of Economic Growth In Context Of Underdevelopment Whirlpools Phenomena," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 14(1), pages 5-20.
    4. Pattaraphongpan Chaiyamart & William Gartner, 2021. "Marginal rate of substitution of multidimensional well-being for affected residents of the dam, Pak Mun Dam," International Journal of Research in Business and Social Science (2147-4478), Center for the Strategic Studies in Business and Finance, vol. 10(3), pages 438-448, April.
    5. Ibrahim, M.A., 2013. "Financial Development And Economic Growth In Saudi Arabian Economy," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 13(1), pages 133-144.
    6. Guzev, M.M. & Ledeneva, M.V. & Polkovnikov, A.A., 2020. "National Wealth Structure Of The Countries Of The World, 2000–2014, And Economic Development," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 20(2), pages 33-46.
    7. Coro CHASCO & Maricruz LACALLE-CALDERON & Javier ALFONSO-GIL, 2017. "Key determinants of civil liberty: a spatial analysis of 175 countries for the year 2010," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 17(2), pages 19-32.
    8. Tan, Qingmei & Yasmeen, Humaira & Ali, Sharafat & Ismail, Hina & Zameer, Hashim, 2023. "Fintech development, renewable energy consumption, government effectiveness and management of natural resources along the belt and road countries," Resources Policy, Elsevier, vol. 80(C).
    9. GUISAN, Maria-Carmen, 2022. "Life Satisfaction, Income, Security And Environment: An Interregional Econometric Model Of 372 Regions From Europe, America, Asia And Oceania In Year 2016," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 22(2), pages 25-48.
    10. B. Mak ARVIN & Byron LEW, 2012. "Development Aid, Corruption, and the Happiness of Nations: Analysis of 118 countries over the years 1996-2009," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 12(2).
    11. GUISAN, Maria-Carmen, 2024. "Econometric Models of OECD Countries and Regions, 2001-2023," ESTUDIOS ECONOMICOS EECHAPTER, in: M. Carmen Guisan Seijas (ed.), EDUCATION, FREEDOM, INTERNATIONAL DEVELOPMENT AND QUALITY OF LIFE, 2001-2023: INTERNATIONAL. ECONOMIC STUDIES OF AMERICA, EUROPE, AFRICA AND ASIA, edition 1, volume 1, chapter 2, pages 43-72, Euro-American Association of Economic Development.
    12. Guisán, M.C. & Expósito, P, 2011. "Regional Employment and Unemployment by Gender in Spain in comparison with other European Countries," Regional and Sectoral Economic Studies, Euro-American Association of Economic Development, vol. 11(1).
    13. RODOKANAKIS, Stavros & VLACHOS, Vasileios, 2010. "A Non-Experimental Evaluation Of Education And Training In Greece: The Cases Of Northern Aegean And Crete," Regional and Sectoral Economic Studies, Euro-American Association of Economic Development, vol. 10(1).
    14. GUISAN, Maria-Carmen, 2017. "Manufacturing And Economic Development In The World For 2000-2015: Main Features And Challenges," Revista Galega de Economía, University of Santiago de Compostela. Faculty of Economics and Business., vol. 26(3), pages 73-88.
    15. Pattaraphongpan Chaiyamart & William Gartner & Kristen Nelson, 2021. "Well-being capital and government’s intervention to dam’s affected residents: Pak Mun Dam, Thailand," International Journal of Research in Business and Social Science (2147-4478), Center for the Strategic Studies in Business and Finance, vol. 10(4), pages 288-301, June.
    16. GUISAN, Maria-Carmen, 2015. "Selected Readings On Econometrics Methodology, 2001-2010: Causality, Measure Of Variables, Dynamic Models And Economic Approaches To Growth And Development," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 15(2), pages 213-220.
    17. Le, Thai-Ha & Bui, Manh-Tien & Uddin, Gazi Salah, 2022. "Economic and social impacts of conflict: A cross-country analysis," Economic Modelling, Elsevier, vol. 115(C).

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. GUISAN, Maria-Carmen & AGUAYO, Eva, 2010. "Education, Gender Equality, Social Well-Being And Economic Development In American Countries, 2000-2010," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 10(2).
    2. GUISAN, Carmen & Neira, Isabel, 2006. "Direct and Indirect Effects of Human Capital on World Development, 1960-2004," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 6(1), pages 17-34.
    3. Isabel Neira & Emilia Vázquez & Marta Portela, 2009. "An Empirical Analysis of Social Capital and Economic Growth in Europe (1980–2000)," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 92(1), pages 111-129, May.
    4. Wo[ss]mann, Ludger & West, Martin, 2006. "Class-size effects in school systems around the world: Evidence from between-grade variation in TIMSS," European Economic Review, Elsevier, vol. 50(3), pages 695-736, April.
    5. Archana, Srivastava, 2012. "Heckscher Ohlin Vanek Theorem: an excess supply approach," MPRA Paper 38279, University Library of Munich, Germany.
    6. Ludger Wößmann, 2005. "Educational Production in East Asia: The Impact of Family Background and Schooling Policies on Student Performance," German Economic Review, Verein für Socialpolitik, vol. 6(3), pages 331-353, August.
    7. Guisan, M.Carmen & Aguayo, Eva, 1996. "Factores determinantes del empleo del sector servicios en las regiones españolas," Economic Development 7, University of Santiago de Compostela. Faculty of Economics and Business. Econometrics..
    8. Torberg Falch & Justina AV Fischer, 2008. "Does a generous welfare state crowd out student achievement? Panel data evidence from international student tests," TWI Research Paper Series 31, Thurgauer Wirtschaftsinstitut, Universität Konstanz.
    9. Ángel de la Fuente & Rafael Doménech, 2024. "Cross‐country data on skills and the quality of schooling: A selective survey," Journal of Economic Surveys, Wiley Blackwell, vol. 38(1), pages 3-26, February.
    10. Castelló-Climent, Amparo & Hidalgo-Cabrillana, Ana, 2012. "The role of educational quality and quantity in the process of economic development," Economics of Education Review, Elsevier, vol. 31(4), pages 391-409.
    11. Guisan, M.C. & Frias, I., 1995. "An Interregional Econometric Model for Market Services Employment in 120 EEC Regions," Faculty of Economics 01, Universidad de Santiago de Compostela, Faculty of Economics, Applied Econometric and Quantitative Studies.
    12. Mateos-Planas, Xavier, 2000. "Schooling and distortions in a vintage capital model," Discussion Paper Series In Economics And Econometrics 30, Economics Division, School of Social Sciences, University of Southampton.
    13. Gundlach, Erich & Wo[beta]mann, Ludger, 2001. "The fading productivity of schooling in East Asia," Journal of Asian Economics, Elsevier, vol. 12(3), pages 401-417.
    14. Altinok, Nadir & Aydemir, Abdurrahman, 2017. "Does one size fit all? The impact of cognitive skills on economic growth," Journal of Macroeconomics, Elsevier, vol. 53(C), pages 176-190.
    15. John Mutinda Mutiso & Prof. Maria Onyango & Dr. Michael Nyagol, 2015. "Effects of Funding Sources on Access to Quality Higher Education in Public Universities in Kenya: A Case Study," International Journal of Business and Social Research, LAR Center Press, vol. 5(3), pages 68-81, March.
    16. Simplice Asongu & Uduak S. Akpan & Salisu R. Isihak, 2018. "Determinants of foreign direct investment in fast-growing economies: evidence from the BRICS and MINT countries," Financial Innovation, Springer;Southwestern University of Finance and Economics, vol. 4(1), pages 1-17, December.
    17. Hans J. Baumgartner, 2003. "Are There Any Class Size Effects On Early Career Earnings In West Germany?," HEW 0305004, University Library of Munich, Germany, revised 05 Nov 2003.
    18. Daniele Checchi, 2001. "Education, Inequality and Income Inequality," STICERD - Distributional Analysis Research Programme Papers 52, Suntory and Toyota International Centres for Economics and Related Disciplines, LSE.
    19. Cavapozzi, Danilo & Garrouste, Christelle & Paccagnella, Omar, 2010. "Childhood, Schooling and Income Inequality," MEA discussion paper series 10212, Munich Center for the Economics of Aging (MEA) at the Max Planck Institute for Social Law and Social Policy.
    20. Thompson, Paul N., 2021. "Is four less than five? Effects of four-day school weeks on student achievement in Oregon," Journal of Public Economics, Elsevier, vol. 193(C).

    More about this item

    Keywords

    Governance; Education; Social Capital; Economic Development; Well-being Indexes; European Union; United States; Canada.;
    All these keywords.

    JEL classification:

    • A13 - General Economics and Teaching - - General Economics - - - Relation of Economics to Social Values
    • C5 - Mathematical and Quantitative Methods - - Econometric Modeling
    • H11 - Public Economics - - Structure and Scope of Government - - - Structure and Scope of Government
    • I2 - Health, Education, and Welfare - - Education
    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
    • O51 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - U.S.; Canada
    • O52 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Europe
    • O57 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Comparative Studies of Countries

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eaa:aeinde:v:9:y:2009:i:1_4. See general information about how to correct material in RePEc.

    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 CitEc recognized a bibliographic reference but did not link an item in RePEc 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 RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: M. Carmen Guisan (email available below). General contact details of provider: http://www.usc.es/economet/eaa.htm .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.