scholarly journals Measuring institutional respect and State capacities in South America. A relational analysis on four dimensions of the Worldwide Governance Indicators (2017-2018)

AWARI ◽  
2020 ◽  
Vol 1 (1) ◽  
Author(s):  
Nicolás Vladimir Chuchco
Keyword(s):  
South America ◽  
Good Governance ◽  
Private Companies ◽  
International Investments ◽  
Four Dimensions ◽  
Developed Economies ◽  
Governance Indicators ◽  
The World Bank ◽  
Relationship Network ◽  
The Relationship

The measurement of “good governance” has become an object of (e) valuation by international actors. In this regard, it has occupied the attention of investors, donors, private companies, development agencies, academics, journalists, governments, and credit organizations in the last 30 years, accompanied by a greater flow of international investments to under developed economies. Among these indicators, the Worldwide Governance Indicators (WGI) produced by the World Bank stand out. Although these numbers are not used directly by the Bank to condition resources, they are used by organizations such as the Millennium Challenge Corporation (MCC) to decide in which countries allocate financial aid based on the results of some of the dimensions of these indicators. For this reason, this work seeks to investigate the relationships networks that exist between the indicators and the organizations that participate in providing data, asking about what type of organizations produce inputs of certain dimensions, what relationships they have with each other and with others, in terms of participation, and where the central houses that produce these inputs are located geographically. For this, we have analyzed and characterized the relationship network of production about four dimensions of the WGI indicators, according to the organizations that provided data for South America during the period 2017-2018. The main results obtained indicate that a small number of international organizations in the Northern hemisphere have greater participation in the supply of inputs, highlighting private companies or organizations linked to them.

Dimensions of Good Governance

2015 ◽  
pp. 176-190
Author(s):  
Chhanda Mandal ◽  
Anita Chattopadhyay Gupta
Keyword(s):  
Good Governance ◽  
Economic Recession ◽  
The Great Recession ◽  
Income Differentials ◽  
Governance Indicators ◽  
The World Bank ◽  
The World ◽  
The Face ◽  
Resilience Factors ◽  
The Relationship

Effectiveness of governance is realised through its responses to any financial crisis. This was put in question as the Great Recession affected the core economies severely. This study empirically investigated the relationship between accountability, corruption, and government effectiveness during the period 2002-2012. Our main purpose was to highlight the sizable gap that exists in the performance literature on cross-country studies especially against the changing economic world scenario. A comparison of the World Bank governance indicators between three countries chosen on the basis of income differentials and hence different adaptive characteristics of each country to the economic recession has been studied. The behavior of the governance indicators in the context of the world has been examined against the background of the shock that the depression had brought and the resilience factors embedded within the indicators in the face of the shocks were studied.

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 The Linkage between the Degree of Compliance with Corporate Governance Rules and Profitability: Evidence from Palestine Exchange Listed Firms

2016 ◽  
Vol 9 (1) ◽  
pp. 31
Author(s):  
Naser Abdelkarim
Keyword(s):  
Corporate Governance ◽  
Positive Impact ◽  
Cost Management ◽  
Market Value ◽  
Theoretical Assumption ◽  
Listed Firms ◽  
Developed Economies ◽  
Governance Indicators ◽  
Code Of Corporate Governance ◽  
The Relationship

<p>The underlying objective of this study is to empirically investigate the relationship between the degree of compliance with the rules of the code of Corporate Governance (CG) that became effective in 2009 and profitability of Palestine Exchange Listed firms. Compliance with CG rules is measured based on a criteria of ten corporate governance indicators identified in the study of Abdelkarim and Ijbarah (2010), while profitability is measured by the percentage of change in ROI reported in year 2008 and its average over the period 2009-2015. The Use of ROI as a dependent variable in this study is based on the theoretical assumption that CG should have positive impact on efficiency in terms of cost management and increase in sales due to increase in market share. Prior research in developed economies reported a significant impact of corporate governance on firm performance particularly if measured as a change in market value. However, in Palestine there was only one study that investigated the relationship between corporate governance measured as the level of ownership concentration and firm’s performance measured using Tobin’s Q (Abdelkarim and Alawneh, 2005).</p><p>Using regression analysis, this study provides empirical evidence that there is no statistically significant relationship between the degree of compliance with the rules in the code of corporate governance and profitability of sample firms. Explanations for this key finding are provided in this study.</p><p> </p>

scholarly journals Does Good Governance Matter? Kazakhstan’s Economic Growth and Worldwide Governance Indicators

2020 ◽  
Vol 10 (1) ◽  
pp. 1-13
Author(s):  
Aikozha Absadykov
Keyword(s):  
Economic Growth ◽  
Economic Performance ◽  
Good Governance ◽  
Political Stability ◽  
Gdp Per Capita ◽  
Governance Indicators ◽  
Regulatory Quality ◽  
Per Capita ◽  
The Relationship ◽  
Control Of Corruption

Good governance is generally believed to improve country’s economic performance. This paper studies the relationship between the World Bank’s Worldwide Governance Indicators (Voice and Accountability, Political Stability and Absence of Violence, Government Effectiveness, Regulatory Quality, Rule of Law, Control of Corruption) and economic growth in terms of GDP per capita in Kazakhstan. The findings of the research indicate that there is a significant positive relationship between good governance and economic performance of Kazakhstan. Specifically, results show that the Control of Corruption has the strongest impact on GDP per capita. 

scholarly journals GOOD GOVERNANCE IN BANGLADESH: A STUDY OF WORLD GOVERNANCE INDICATORS

2021 ◽  
Vol 3 (3) ◽  
pp. 201-216
Author(s):  
Mohammad Nur Ullah ◽  
Muhammad Sayadur Rahman
Keyword(s):  
World Bank ◽  
Qualitative Data ◽  
Good Governance ◽  
Governance Structure ◽  
Law And Order ◽  
Governance Indicators ◽  
The World Bank ◽  
The World ◽  
World Governance Indicators ◽  
Mixed Approach

The inclusive philosophy of good governance is almost indispensable for the progress of state democracy in Bangladesh. However, the Bangladesh government is fighting a malicious virus in the governance structure that is visible in all sectors of the state. Against this backdrop, an attempt has been made to comprehend the general state of good governance in Bangladesh according to World Governance Indicators (WGI) of the World Bank. This study is based on mixed approach containing quantitative data from World Bank website (world economy.com) and qualitative data from existing literatures. The collected data have also been analyzed through table, chart and text. This paper found, the current situation in Bangladesh is appalling and detrimental to the socio-economic development of the country. This situation is crisscrossed by overpopulation, politicization, bureaucratization, corruption, poverty, broken law and order, and the narrow game of politics. This paper then outlines some of the policy guidelines needed to define good governance principles in Bangladesh. The results of this study are expected to be useful for policymakers in devising appropriate strategies to ensure good governance at all levels of government.

Does Democracy Enhance Health? New Empirical Evidence 1900–2012

2018 ◽  
Vol 72 (3) ◽  
pp. 554-569 ◽  
Author(s):  
Yi-ting Wang ◽  
Valeriya Mechkova ◽  
Frida Andersson
Keyword(s):  
Good Governance ◽  
Authoritarian Regimes ◽  
Positive Effects ◽  
Governance Indicators ◽  
Democratic Elections ◽  
Short Time ◽  
The Impact ◽  
The Relationship ◽  
Range Of Variation

This study tests the relationship between democracy and population health. Some studies argue that democracies are more likely than authoritarian regimes to provide public goods and, thus, enhance health. However, recent research has challenged this argument and identified good governance as the crucial determinant of human development. Using a newly collected dataset covering 173 countries from 1900 to 2012, our analyses show that across models with various specifications, democratic elections have consistent effects on health outcomes even when other important factors, including good governance, are taken into account. There are some nuances in this relationship. First, the impact of electoral democracy tends to persist over time. Furthermore, the positive effects are particularly salient once the quality of elections has achieved a certain threshold. Our results also suggest that previous studies yielded mixed results in part because the commonly used governance indicators are only available for relatively short time periods, and the sample does not reflect the entire range of variation in measures of both democracy and governance.

scholarly journals Research Note: Governance Indicators Explain Discrepancies in COVID-19 Data

World Affairs ◽  
2020 ◽  
Vol 183 (3) ◽  
pp. 216-234
Author(s):  
Omer F. Baris ◽  
Riccardo Pelizzo
Keyword(s):  
Population Density ◽  
Severe Acute Respiratory Syndrome ◽  
Old Age ◽  
World Bank ◽  
Good Governance ◽  
Statistical Relationship ◽  
Governance Indicators ◽  
The World Bank ◽  
The World ◽  
Size Population

The severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2) is neutral. It does not discriminate: the outbreak affects all countries. Yet, countries with better governance detect and report COVID-19 cases an average of 34 days earlier than countries with low governance scores. They also report a significantly higher number of cases, and more deaths but lower death-per-case ratios. Analyzing the statistical relationship between the good governance indicators devised by the World Bank with data pertaining to COVID-19 (to May 10, 2020), we present some initial yet strong statistical evidence that countries with higher levels of good governance based on the Worldwide Governance Indicators report more (cases, deaths), report earlier, and are more effective at reducing fatalities. These findings remain robust after controlling for population size, population density, old-age population, and the number of tourist arrivals. Countries with better governance are more successful in treating the disease and in reducing its deadliness. Good governance matters.

scholarly journals Who is More Accountable? Federal or State Malaysian Statutory Bodies

2019 ◽  
Vol 3 (2) ◽  
pp. 15-26
Author(s):  
Nurhidayah Yahya ◽  
Jamaliah Said ◽  
Nor Balkish Zakaria
Keyword(s):  
World Bank ◽  
Country Risk ◽  
Average Score ◽  
Four Dimensions ◽  
Governance Indicators ◽  
The World Bank ◽  
Significant Difference ◽  
The World ◽  
The Difference ◽  
High Level

The World Bank on Governance Indicators in the aspect of ‘Voice and Accountability’ reported accountability for Malaysia had declined to 34% in 2017 from 37% in 2013. Data from the International Country Risk Guide showed a decrease in accountability since 2011 from 4.46 to 4 points out of 6 points in the year 2012. Public sector organisations like statutory bodies might also face issues of accountability. This study aims to evaluate and compare the accountability outcomes of federal and state statutory bodies through a questionnaire. The measurement for accountability based on four dimensions, namely transparency, evaluation, stakeholders' participation and complaint and response. Based on 194 responses received from top management of Malaysian statutory bodies, the overall accountability outcome has shown an above-average score of 5.97 for both federal and state statutory bodies. This shows that Malaysian statutory bodies have delivered a high level of accountability. The test for the difference between the means scores of independent T-tests also shows that there is no significant difference between the accountability level of federal and state statutory bodies. Despite the different level of obligation and legislation, both types of statutory bodies seem to deliver an equally high level of accountability outcomes.

scholarly journals Governance, Institutions, and Economic Development

2021 ◽  
Vol 7 (4) ◽  
pp. 7-22
Author(s):  
Rashid Nikzad
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Economic Performance ◽  
Performance Indicators ◽  
Good Governance ◽  
Governance Indicators ◽  
Social And Economic Development ◽  
Governance Institutions ◽  
The Relationship ◽  
Stages Of Economic Development

Literature suggests a positive relationship between a country’s social and economic development, good governance, and institutions. However, there is not a consensus on the nature of this relationship and the aspects of the governance that are most important for economic development. This paper addresses this question by empirically examining the relationship between a country’s economic performance and governance indicators in 1996-2019. Economic performance indicators include GDP per capita and GDP. Governance indicators are adopted from the World Bank’s Worldwide Governance Indicators. The paper shows that while most governance indicators have a positive and statistically significant impact on economic growth, their importance varies with the income level of the country. As such, improvements in different aspects of governance become more effective for economic growth as countries move through different stages of economic development.

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