New empirical evidence of the linkages between governance and economic output in the European Union
2013; Taylor & Francis; Volume: 16; Issue: 1 Linguagem: Inglês
10.1080/17487870.2012.759427
ISSN1748-7889
AutoresBogdan Dima, Ştefana Maria Dima, Oana‐Ramona Lobonţ,
Tópico(s)Corruption and Economic Development
ResumoThis paper uses data for the 27 Member States of the European Union (EU) from 2000 to 2010 to support the thesis that a positive and significant correlation exists between a nation's quality of governance and its economic output. To achieve this goal, the elements of governance that have been reported by the Worldwide Governance Indicators project are considered. Four individual indicators for the quality of policies and institutions and a global indicator of governance quality are constructed. We estimate that, for our database, a standard deviation shock in these indicators causes changes between 0.03-fold and 0.05-fold in income per capita.
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