Governance Quality and Economic Growth

  title={Governance Quality and Economic Growth},
  author={Tao Kong},
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 governance quality as the capacity of a government to internalize externality. A theoretical model is developed to formally… CONTINUE READING