Governance Quality and Economic Growth

@inproceedings{Kong2011GovernanceQA,
  title={Governance Quality and Economic Growth},
  author={Tao Kong},
  year={2011}
}
Among both academics and the wider development community there seems to be a general acceptance of the value of good governance and its role in promoting economic growth. However, beyond this general statement, there is a lack of deeper theoretical understanding as to why good governance is expected to foster economic growth and how such effects may take place. We de.ne governance quality as the capacity of a government to internalize externality. A theoretical model is developed to formally… CONTINUE READING