Does better governance foster efficiency? An aggregate frontier analysis

Pierre-Guillaume Méon and Laurent Weill ()

Economics of Governance, 2004, vol. 6, issue 1, pages 75-90

Abstract: We test the relationship between governance and macroeconomic technical efficiency on a sample of 62 countries, both developed and developing. We do so by applying Battese and Coelli (1995)’s method at the aggregate level. We find that better governance, measured by six complementary indices each devoted to a different dimension of governance, is always associated with greater efficiency. However, when governance variables are tested against each other, we observe that government efficiency is the aspect of governance that most robustly affects aggregate efficiency. Copyright Springer-Verlag Berlin/Heidelberg 2004

Keywords: Governance; macroeconomic efficiency frontiers; income (search for similar items in EconPapers)
Date: 2004
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