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The Interplay Between Governance and Global Competitiveness: Evidence from a Cross-Country Survey

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  • Cristina Boţa-Avram

Abstract

The purpose of this article is to explore the relationship between governance indicators developed by the World Bank and global competitiveness measured by the World Economic Forum. The findings show that most of the governance clusters have a significant influence on the global competitiveness. It is further discovered that government effectiveness, regulatory quality, rule of law and control of corruption are influencing governance indicators for countries from Europe, South and Central America and Asia, while for countries from Africa the global competitiveness seems to be least influenced by all six governance dimensions. Copyright CEEUN 2013

Suggested Citation

  • Cristina Boţa-Avram, 2013. "The Interplay Between Governance and Global Competitiveness: Evidence from a Cross-Country Survey," Transition Studies Review, Springer;Central Eastern European University Network (CEEUN), vol. 20(3), pages 381-388, November.
    • Handle: RePEc:spr:trstrv:v:20:y:2013:i:3:p:381-388
    DOI: 10.1007/s11300-013-0291-5
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    More about this item

    Keywords

    Governance; Global competitiveness; Government effectiveness; Regulatory quality; M40; M48; M49;
    All these keywords.

    JEL classification:

    • M40 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - General
    • M48 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Government Policy and Regulation
    • M49 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Other

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