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New empirical evidence of the linkages between governance and economic output in the European Union created by ogdan Dima, Stefan Maria Dima and Oana-Ramona Lobont

By: Contributor(s): Material type: TextTextSeries: Journal of Economic Policy Reform ; Volume 16, number 1,Oxfordshire Taylor and Francis 2013Content type:
  • text
Media type:
  • unmediated
Carrier type:
  • volume
ISSN:
  • 17487870
Subject(s): LOC classification:
  • HD1918
Online resources: Summary: This 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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Holdings
Item type Current library Call number Vol info Status Date due Barcode
Journal Article Journal Article Main Library - Special Collections HD1918 JOU (Browse shelf(Opens below)) Vol. 16, No. 1 pages 68-89 Not for loan

This 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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