IDEAS home Printed from https://ideas.repec.org/a/hur/ijaraf/v6y2016i4p102-108.html
   My bibliography  Save this article

The 2008-2009 Global Crisis and Governance

Author

Listed:
  • Halil D. Kaya

    ()

Abstract

In this study, we examine the impact of the 2008-2009 Global Crisis on Governance. We focus on the World Bank’s Worldwide Governance Indicators (i.e. WGI) which includes six dimensions of governance. These six dimensions are “Voice and Accountability”, “Political Stability and Absence of Violence”, “Government Effectiveness”, “Regulatory Quality”, “Rule of Law”, and “Control of Corruption”. We find that, due to the crisis, the world suffered in terms of “Voice and Accountability” and “Political Stability and Absence of Violence” scores. On the other hand, we are seeing that the governments around the world reacted fast and improved “Government Effectiveness”, “Regulatory Quality”, and “Rule of Law” after the crisis. This process continued through year 2011 and beyond. In terms of “Control of Corruption”, there have been ups and downs, but the overall trend is down, which indicates that the governments, on average, have not been willing to or effective in controlling corruption.

Suggested Citation

  • Halil D. Kaya, 2016. "The 2008-2009 Global Crisis and Governance," International Journal of Academic Research in Accounting, Finance and Management Sciences, Human Resource Management Academic Research Society, International Journal of Academic Research in Accounting, Finance and Management Sciences, vol. 6(4), pages 102-108, October.
  • Handle: RePEc:hur:ijaraf:v:6:y:2016:i:4:p:102-108
    as

    Download full text from publisher

    File URL: http://hrmars.com/hrmars_papers/Article_10_Global_Crisis_and_Governance.pdf
    Download Restriction: no

    File URL: http://hrmars.com/hrmars_papers/Article_10_Global_Crisis_and_Governance.pdf
    Download Restriction: no

    References listed on IDEAS

    as
    1. Ross Levine, 2012. "The Governance of Financial Regulation: Reform Lessons from the Recent Crisis," International Review of Finance, International Review of Finance Ltd., vol. 12(1), pages 39-56, March.
    2. Asayehgn Desta, 2012. "Good Growth and Governance in Africa: Implementing Rather than Re-thinking Development Strategies," International Journal of Academic Research in Accounting, Finance and Management Sciences, Human Resource Management Academic Research Society, International Journal of Academic Research in Accounting, Finance and Management Sciences, vol. 2(2), pages 69-75, April.
    3. B. Peters & Jon Pierre & Tiina Randma-Liiv, 2011. "Global Financial Crisis, Public Administration and Governance: Do New Problems Require New Solutions?," Public Organization Review, Springer, vol. 11(1), pages 13-27, March.
    4. Walter Kickert, 2012. "State Responses to the Fiscal Crisis in Britain, Germany and the Netherlands," Public Management Review, Taylor & Francis Journals, vol. 14(3), pages 299-309, March.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    Governance; WGI; economic crises;

    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:hur:ijaraf:v:6:y:2016:i:4:p:102-108. 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: (Hassan Danial Aslam). General contact details of provider: http://hrmars.com/index.php/pages/detail/Accounting-Finance-Journal .

    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 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.

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

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.