کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
5092688 1375948 2009 23 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Growth and governance: A nonparametric analysis
موضوعات مرتبط
علوم انسانی و اجتماعی اقتصاد، اقتصادسنجی و امور مالی اقتصاد و اقتصادسنجی
پیش نمایش صفحه اول مقاله
Growth and governance: A nonparametric analysis
چکیده انگلیسی
According to conventional wisdom, a positive relationship exists between governance and growth. This paper reexamines this empirical relationship using nonparametric methods. We use different governance measures, as defined in World Governance Indicators provided by the World Bank. The findings show that only three of the six measures: voice and accountability, political stability, and rule of law are significantly correlated with economic growth. Regulatory control, control of corruption, and government effectiveness were found to be insignificant. The concept of growth profile curves are introduced as a visual device to interpret the results of the nonparametric analysis. We find that the empirical relationship between voice and accountability, political stability, and growth are highly nonlinear. These effects demonstrate heterogeneity across indicators, regions, and time. These empirical results are complementary to the literature on growth diagnostics in demonstrating that specific, targeted reforms to improve governance may be a more effective policy lever to encourage economic growth rather than wholesale reform. Finally, they provide a cautionary tale to practitioners using parametric methods. Journal of Comparative Economics 37 (1) (2009) 121-143.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Journal of Comparative Economics - Volume 37, Issue 1, March 2009, Pages 121-143
نویسندگان
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