Abstract
Recent studies yield diverging outcomes on the governance-growth relationship. In this paper we construct a new index of governance using a latent variable approach and test whether this index is related to growth with varying samples of countries and different conditioning variables. The results show that our index has a positive and significant impact on economic growth. This conclusion is fairly robust for various samples and conditioning variables.
| Original language | English |
|---|---|
| Pages (from-to) | 279-290 |
| Number of pages | 12 |
| Journal | Kyklos |
| Volume | 60 |
| Issue number | 2 |
| Publication status | Published - 2007 |
Keywords
- LONG-TERM GROWTH
- ECONOMIC-GROWTH
- DETERMINANTS
- REGRESSIONS
- QUALITY