A review of the political economy of governance: from property rights to voice

Philip Keefer

No 3315, Policy Research Working Paper Series from The World Bank

Abstract: Keefer reviews progress made in understanding the effects of different dimensions of governance on economic development, and the sources of good governance. The term governance has been used to embrace concepts that are heterogeneous both with respect to their effects on economic development and their genesis. Future progress in developing policy responses to bad governance will depend on separately examining these heterogeneous elements-the security of property rights, the quality of bureaucratic performance, corruption, voice, and accountability. Future progress will also depend on explicitly linking problems of governance to the overarching political environment and the incentives of governments to correct those problems.

Keywords: Environmental Economics&Policies; Labor Policies; Banks&Banking Reform; Decentralization; Economic Theory&Research; Governance Indicators; NationalGovernance; Environmental Economics&Policies; Economic Theory&Research; Banks&Banking Reform (search for similar items in EconPapers)
Date: 2004-05-01
New Economics Papers: this item is included in nep-cdm, nep-hpe and nep-pol
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (24)

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