Governance and growth: measurement and evidence

Stephen Knack

MPRA Paper from University Library of Munich, Germany

Abstract: This paper describes the gradual accumulation of indicators and evidence of the links between governance and growth, focusing on broad cross-country analyses. While each governance indicator developed thus far is in some way imperfect, the faults of some measures are entirely independent from those of others. Therefore, in aggregate, the totality of indicators point in the same direction: good governance is crucial for growth. Unfortunately, while current indicators are getting better at determining the quality of governance, they still are unable to implicate particular institutional arrangements that donors should devote their attention and resources towards. Moreover, the subjectivity of some indicators invites suspicion from local governments and makes reform difficult.

Keywords: governance; growth; institutional development (search for similar items in EconPapers)
JEL-codes: O17 (search for similar items in EconPapers)
Date: 2002-02
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Citations: View citations in EconPapers (9)

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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:28050

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