Growth Without Governance is popular PDF and ePub book, written by Daniel Kaufmann in 2004, it is a fantastic choice for those who relish reading online the Uncategoriezed genre. Let's immerse ourselves in this engaging Uncategoriezed book by exploring the summary and details provided below. Remember, Growth Without Governance can be Read Online from any device for your convenience.
Growth Without Governance Book PDF Summary
It is well known that there is a strong positive correlation between per capita incomes and the quality of governance across countries. Kaufmann and Kraay propose an empirical strategy that allows separation of this correlation into (1) a strong positive causal effect running from better governance to higher per capita incomes, and, perhaps surprisingly at first, (2) a weak and even negative causal effect running in the opposite direction from per capita incomes to governance. The first result confirms existing evidence on the importance of good governance for economic development. The second result is new and suggests the absence of a "virtuous circle" in which higher incomes lead to further improvements in governance. This motivates the authors' choice of title, "Growth Without Governance." They document this evidence using a newly updated set of worldwide governance-indicators covering 175 countries for the period 2000-01, and use the results to interpret the relationship between incomes and governance focusing on the Latin America and Caribbean regionőwithin a worldwide empirical context. Finally, the authors speculate about the potential importance of elite influence and state capture in accounting for the surprising negative effects of per capita incomes on governance, present some evidence on such capture in some Latin American countries, and suggest priorities for actions to improve governance when such pernicious elite influence shapes public policy. This paper - a joint product of the World Bank Institute and the Development Research Group - is part of a larger effort in the Bank to generate and analyze worldwide governance indicators, assessing the manifestations and consequences of governance.
Detail Book of Growth Without Governance PDF
- Author : Daniel Kaufmann
- Release : 20 September 2024
- Publisher : Unknown
- ISBN : OCLC:1375535043
- Genre : Uncategoriezed
- Total Page : 0 pages
- Language : English
- PDF File Size : 8,9 Mb
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