Open AccessDoes Good Governance Matter? Kazakhstan’s Economic Growth and Worldwide Governance Indicators
Author(s) -
Aikozha Absadykov
Publication year - 2020
Publication title -
otoritas
Language(s) - English
Resource type - Journals
eISSN - 2502-9320
pISSN - 2088-3706
DOI - 10.26618/ojip.v10i1.2776
Subject(s) - corporate governance , language change , rule of law , per capita , gross domestic product , good governance , accountability , political stability , development economics , government (linguistics) , quality (philosophy) , control (management) , economics , politics , business , economic growth , political science , finance , law , art , population , linguistics , philosophy , demography , literature , management , epistemology , sociology
Good governance is generally believed to improve country’s economic performance. This paper studies the relationship between the World Bank’s Worldwide Governance Indicators (Voice and Accountability, Political Stability and Absence of Violence, Government Effectiveness, Regulatory Quality, Rule of Law, Control of Corruption) and economic growth in terms of GDP per capita in Kazakhstan. The findings of the research indicate that there is a significant positive relationship between good governance and economic performance of Kazakhstan. Specifically, results show that the Control of Corruption has the strongest impact on GDP per capita.