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Culture and Good Governance: A Brief Empirical Exercise

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  • Richard Adkisson
  • Randy McFerrin

Abstract

This paper uses regression analysis to explore possible relationships between culture and governance. The World Bank Worldwide Governance Indicators, in six expressions, are used as dependent variables. Explanatory variables are real per capita GDP (PPP) and culture measured in two dimensions. The data set includes 68 nations. The authors find that the level of development, measured as real per capita GDP, has the strongest relationship to good governance but, in most cases, the cultural measures are influential as well.

Suggested Citation

  • Richard Adkisson & Randy McFerrin, 2014. "Culture and Good Governance: A Brief Empirical Exercise," Journal of Economic Issues, Taylor & Francis Journals, vol. 48(2), pages 441-450.
  • Handle: RePEc:mes:jeciss:v:48:y:2014:i:2:p:441-450
    DOI: 10.2753/JEI0021-3624480218
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    Cited by:

    1. Filip Beule & Haiyan Zhang, 2022. "The impact of government policy on Chinese investment locations: An analysis of the Belt and Road policy announcement, host-country agreement, and sentiment," Journal of International Business Policy, Palgrave Macmillan, vol. 5(2), pages 194-217, June.
    2. Jeffrey A. EDWARDS & Alfredo ROMERO & Cephas NAANWAAB, 2022. "Income Inequality, The World Values Survey, And The Interaction Of Cultural Dimensions," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 22(2), pages 5-24.
    3. Bagrat Yerznkyan & Lily Gassner & Anna Kara, 2017. "Culture, Institutions, and Economic Performance," Montenegrin Journal of Economics, Economic Laboratory for Transition Research (ELIT), vol. 13(2), pages 71-80.
    4. He, Xinming & Zhang, Jianhong, 2018. "Emerging market MNCs' cross-border acquisition completion: Institutional image and strategies," Journal of Business Research, Elsevier, vol. 93(C), pages 139-150.
    5. repec:mje:mjejnl:v:12:y:2017:i:2:p:71-80 is not listed on IDEAS

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