Perceiving Credible Commitments: How Independent Regulators Shape Elite Perceptions of Regulatory Quality

2008 ◽  
Author(s):  
Anthony M. Bertelli ◽  
Andrew B. Whitford
Keyword(s):  
Credible Commitments ◽  
Regulatory Quality

Perceiving Credible Commitments: How Independent Regulators Shape Elite Perceptions of Regulatory Quality

2009 ◽  
Vol 39 (3) ◽  
pp. 517-537 ◽  
Author(s):  
Anthony M. Bertelli ◽  
Andrew B. Whitford
Keyword(s):  
Political System ◽  
Political Competition ◽  
Political Systems ◽  
Market Mechanisms ◽  
Credible Commitments ◽  
Business Markets ◽  
Regulatory Quality ◽  
Investment Choices ◽  
Cross National

Numerous recent studies have addressed how the investment choices of firms depend on elite perceptions of the quality of national regulatory regimes. Likewise, other studies show that government structures can help to support credible commitments that protect market mechanisms. The authors provide the first analytic discussion of elite perceptions of national regulatory quality as a function of the independence of regulators in a country’s political system. Their central claims are that market operations depend on perceptions of regulatory quality and that independent regulators facilitate elite perceptions of regulatory quality because they check actors in domestic political systems. Cross-national statistical evidence suggests that regulatory independence supports elite perceptions of high regulatory quality. This article also provides evidence that regulatory independence is more likely where political competition shapes incentives to intervene in business markets.

Applying Synthetic Control Method to Estimate the Impact of the Lava Jato Operation on the Worldwide Governance Indicators in Brazil

2021 ◽  
pp. 2631309X2110178
Author(s):  
Eduardo Carvalho Nepomuceno Alencar ◽  
Bryant Jackson-Green
Keyword(s):  
Rule Of Law ◽  
Control Method ◽  
Synthetic Control ◽  
Synthetic Control Method ◽  
The Rule Of Law ◽  
Governance Indicators ◽  
Regulatory Quality ◽  
Legal Judgments ◽  
The Impact ◽  
Control Of Corruption

In 2014, the most prominent anti-corruption investigation in Latin America called Lava Jato, exposed a Brazilian corruption scheme with reverberations in 61 countries, resulting in legal judgments for nearly 5 billion USD in reimbursements thus far. This article applies the synthetic control method on data from 135 countries (2002–2018) to test the hypothesis that Lava Jato impacts the Worldwide Governance Indicators in Brazil. The findings reveal that Lava Jato negatively affects control of corruption, the rule of law, and regulatory quality. There are signs of possible improvement in at least the corruption and the rule of law measures. This paper brings value to the criminological body of literature, notably lacking in the Global South.

scholarly journals Stay at Home! Governance Quality and Effectiveness of Lockdown

2021 ◽  
Author(s):  
Vincenzo Alfano ◽  
Salvatore Ercolano
Keyword(s):  
Rule Of Law ◽  
Global Scale ◽  
Considerable Time ◽  
Government Effectiveness ◽  
Governance Indicators ◽  
Regulatory Quality ◽  
Governance Quality ◽  
World Governance Indicators ◽  
Set Up ◽  
First Time

AbstractIn order to control the spread of the COVID-19 pandemic, during the first wave of the pandemic numerous countries decided to adopt lockdown policies. It had been a considerable time since such measures were last introduced, and the first time that they were implemented on such a global scale in a contemporary, information intensive society. The effectiveness of such measures may depend on how citizens perceive the capacity of government to set up and implement sound policies. Indeed, lockdown and confinement policies in general are binding measures that people are not used to, and which raise serious concerns among the population. For this reason governance quality could affect the perception of the benefits related to the government’s choice to impose lockdown, making citizens more inclined to accept it and restrict their movements. In the present paper we empirically investigate the relation between the efficacy of lockdown and governance quality (measured through World Governance Indicators). Our results suggest that countries with higher levels of government effectiveness, rule of law and regulatory quality reach better results in adopting lockdown measures.

scholarly journals Causes of corruption: Evidence from sub-Saharan Africa

2016 ◽  
Vol 19 (4) ◽  
pp. 562-578 ◽  
Author(s):  
Joseph Ato Forson ◽  
Theresa Yaaba Baah-Ennumh ◽  
Ponlapat Buracom ◽  
Guojin Chen ◽  
Peng Zhen
Keyword(s):  
Ethnic Diversity ◽  
Instrumental Variable ◽  
National Development ◽  
Sub Saharan Africa ◽  
Press Freedom ◽  
Educational Systems ◽  
Institutional Reforms ◽  
Government Effectiveness ◽  
Regulatory Quality ◽  
Sub Saharan

This study explores the causes of corruption in 22 countries in sub-Saharan Africa from 1996 to 2013. The sources of corruption are grouped into three main thematic areas – historical roots, contemporary causes and institutional causes to make way for subjective and objective measures. The subjective measures allow for assessment of the effectiveness of anticorruption policies. Using pooled OLS, fixed-effect and instrumental-variable approaches, and focusing on the perceived level of corruption as the dependent variable, we find that ethnic diversity, resource abundance and educational attainment are markedly less associated with corruption. In contrast, wage levels of bureaucrats and anticorruption measures based on government effectiveness and regulatory quality breed substantial corruption. Press freedom is found to be variedly associated with corruption. On the basis of these findings, we recommend that the fight against corruption on the continent needs to be reinvented through qualitative and assertive institutional reforms. Anticorruption policy decisions should focus on existing educational systems as a conduit for intensifying awareness of the devastating effect of corruption on sustainable national development.

Political and Economic Determinants of Asynchronous Approval of New GM Events

2018 ◽  
Vol 19 (1) ◽  
pp. 75-90
Author(s):  
Maurício Benedeti Rosa ◽  
Rosane Nunes de Faria ◽  
Eduardo Rodrigues de Castro
Keyword(s):  
Political Economy ◽  
The Internet ◽  
Negative Bias ◽  
Economic Determinants ◽  
Trade Relations ◽  
Regulatory Quality ◽  
Internet Users ◽  
Negative News ◽  
Consumer Access

AbstractWe use a political economy perspective to provide the first empirical analysis of the main political and economic determinants of asynchronous approval (AA) for a variety of countries over the period 2000–2015. The key results that emerge from our paper are the prominent role of regulatory quality and the number of internet users in a particular country in influencing AA across countries. We found that the higher the share of internet users in a country, the lower the AA. Consumer access to the internet makes them less exposed to negative news about genetically modified (GM) products, as they are less influenced by the negative bias of traditional mass media toward biotechnology. Additionally, the better the regulation quality (the more efficiently a government formulates and implements regulation), the shorter the time necessary to approve new GM events, and the lower the AA. Furthermore, our findings confirm that determinants such as corruption, trade relations with stringent markets, and the size of the rural population are also important in explaining AA of GM events.

scholarly journals Forecasting Stability or Retreat in Emerging Democratic Regimes

2013 ◽  
Vol 1 (1) ◽  
pp. 32-47 ◽  
Author(s):  
Snigdha Dewal ◽  
Jack A. Goldstone ◽  
Michael Volpe
Keyword(s):  
Negative Relationship ◽  
Credible Commitments ◽  
National Elections ◽  
Middle Income ◽  
International Intervention ◽  
Democratic Development ◽  
Middle Income Countries ◽  
Democratic Regimes ◽  
Democratic Stability ◽  
The Stability

Drawing on the literatures on elite transitions, factionalism and the new institutionalism, this paper hypothesizes that the stability of partially democratic and emerging democratic regimes is dependent on the willingness of elites to make credible commitments to cooperate and comply with democratic rules. That willingness (or lack thereof) can be signaled by the presence of cooperative or conflict-precipitating events and actions in the periods around elections. We identify and analyze a variety of intra-elite interactions and demonstrate that conflict-precipitating events significantly increase the odds of a democratic retreat in the months before or just after an election, while cooperative events can balance them and prevent retreat. Using event data collected from 40 low- and middle-income countries for two-year periods around national elections between 1991 and 2007 we show that the imbalance of conflict-precipitating over cooperative events is far greater in cases of retreat from democracy. Furthermore, international intervention and pressure had a negative relationship with democratic stability. A logistic regression model accurately identified democratic retreat in 79 percent of the cases examined. Factor analysis revealed several common patterns of intra-elite conflict that can lead to democratic retreat, or conversely, patterns of cooperative events that bolster democratic consolidation. Finally, the data strongly argues for a model of democratic development that depends on open-ended elite maneuvering and the emergence of elite agreements, rather than a model where strong prior institutional constraints determine elite actions.

scholarly journals On The Relation Between Regulation And Economic Growth

2012 ◽  
Vol 11 (2) ◽  
pp. 147
Author(s):  
Atul A. Dar ◽  
Sal AmirKhalkhali
Keyword(s):  
Economic Growth ◽  
Fixed Effects ◽  
Developed Economies ◽  
Governance Indicators ◽  
Regulatory Quality ◽  
The World Bank ◽  
Quality Scale ◽  
Positive Growth ◽  
Accounting Model

This paper examines the relation between regulation and economic performance in the context of 23 developed economies. We apply a generalisation of the growth accounting model popularized by Solow to data over the 2002-2008 period. In the model, we assume that regulatory quality impacts on growth via its impact on total factor productivity growth. We look at three measures of regulatory quality, all of which are based on the set of governance indicators developed by the World Bank. The model is estimated using a fixed effects as well as a random effects estimation strategy. Our findings do lend support for the view that the better the quality of regulation, the higher rate of economic growth, but find no support for the view that the strength of the positive growth impact is stronger for countries that rank relatively lower on the regulatory quality scale.

scholarly journals DETERMINANTS OF INTRA SUB-SAHARAN AFRICAN TRADE: EVIDENCE FROM ECOWAS AND CEN-SAD COUNTRIES

2020 ◽  
Vol 8 (2) ◽  
pp. 69-78
Author(s):  
Sodiq Olaiwola Jimoh ◽  
Felix Gbenga Olaifa
Keyword(s):  
Political Violence ◽  
West African ◽  
Law And Order ◽  
Development Indicators ◽  
Poisson Models ◽  
Regulatory Quality ◽  
Sub Saharan ◽  
Governance Institutions ◽  
To Come ◽  
Control Of Corruption

This study investigates the determinants of intra-regional trade in the Economic of West African States (ECOWAS) and the Community of Sahel-Saharan Sates (CEN-SAD) over the period of 1995-2018.The study employs the modified Poisson models, which captures the source of zero counts. Data on the real exchange rate, population, and gross domestic product were sourced from World Bank Development Indicators. Import flow, time of import, and time of export were computed from WITS (COMTRADE). Further, the study obtained data on voice and account, law and order, government effect, regulatory quality, reduction in political violence, control of corruption from World Wide Governance indicator. The results of the study indicated that imports within ECOWAS are driven by one governance variable or the other either in the importing countries or the partner countries. Besides, trade facilitation is a binding constraint to imports, while population and GDP are important drivers of intra-ECOWAS trade. For CEN-SAD, it is evident that the gravity variables are responsible for imports, whereas governance variables have no significant effect on imports. The implication of these results is that authorities in ECOWAS and CEN-SAD should strengthen governance institutions as doing so will boost trade within the region. Also, it is necessary for government, particularly in CEN-SAD, to come up with policies that will allow for accountability and transparency.

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