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The Determinants of Governance: A Cross‐Country Analysis
Author(s) -
AlMarhubi Fahim
Publication year - 2004
Publication title -
contemporary economic policy
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.454
H-Index - 49
eISSN - 1465-7287
pISSN - 1074-3529
DOI - 10.1093/cep/byh029
Subject(s) - openness to experience , corporate governance , economics , politics , sample (material) , international economics , development economics , international trade , political science , finance , social psychology , law , psychology , chemistry , chromatography
Drawing on insights from economic, political, and cultural theories of governance, this article investigates the determinants of governance for a large sample of countries, both developed and developing. The results indicate that countries with a history of Western European influence and with British common law origins have better governance. In addition to these exogenous and historically predetermined variables, economic factors such as openness to trade, resource‐intensity in exports, and levels of economic development have a significant impact on governance. (JEL D73 , H11 , K42 )