Governance Indicators in the OIC Countries: A Descriptive Study for the Period 1996
            – 2018

The study aims to describe and analyze the governance indicators in OIC countries during the 1996-2018 period based on the data of World Governance Indicators (WGI). The descriptive-analytical approach had been adopted for using statistical methods to analyze the level and evolution of governance indicators. The researcher relied on aggregated indicators of governance based on the six sub-indicators of WGI indicators and then classified the level of governance in the OIC countries into four levels. The study reaped a number of results, the most important of them are: i) In general, the level of the aggregate index of governance in the OIC is lower than the world average by 0.62 and 0.70 points in 1996 and 2018, respectively; ii) Most Islamic countries fall within the low level of governance, and there is no Islamic country in the first level of governance (very high); iii) the average of governance index in Islamic countries declined by (0.07) points between 1996 and 2018. The study recommended that Islamic countries shall adopt policies aiming at improving public governance and combating corruption, by taking advantage from the sub-indicators of governance. The researchers also recommended to develop indicators of governance that are compatible with the principles of the Islamic Law and that can be used by the OIC. Keywords: Governance indicators, Islamic countries, OIC countries, Voice and Accountability, Political Stability and Absence of Violence/Terrorism, Government Effectiveness, Regulatory Quality, Rule of Law, and Control of Corruption.

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The Number of Tourist Arrivals, Governance and Their Impact on Threatened Bird Species: Worldwide Evidence

The Journal of Social Sciences Research ◽

10.32861/jssr.spi6.28.36 ◽

2018 ◽

pp. 28-36

Keyword(s):

Good Governance ◽

Bird Species ◽

Political Stability ◽

Biodiversity Loss ◽

Governance Indicators ◽

Regulatory Quality ◽

Tourism Sector ◽

International Tourist ◽

The Government ◽

And Control

The number of international tourist arrivals is crucial for the tourism sector. However, there are positive and negative sides of tourism. Unsustainable tourism will result in the destruction of the forest and consequently led to biodiversity loss. The great benefits of forest which is a home for a wide variety of animals and plants which help to stored carbon, preventing the risk of flood and drought to occur, influencing climate change, stabilizing soils as well as providing food and a place for the indigenous people to live. As long as these benefits are being concerned, the role of international community is needed to prevent them from any harm in the future. The government of both the developed and developing nations recognized the importance of sustainable biodiversity for the national ecosystem as well as to the global environment. In this study we also investigate the response of biodiversity loss (measured by the number of threatened bird species on six measures of governance: voice and accountability, political stability and absence of violence, government effectiveness, regulatory quality, rule of law, and control of corruption. The OLS outcomes suggest that tourism exhibit positive relationship with biodiversity loss. On the other hand, the six governance indicators suggest that good governance reduces biodiversity loss. Our further analysis using quantile regression estimates suggest that tourism affect positively biodiversity loss for all quantiles (0.05 0.25 0.50 0.75 0.90 0.95); while governance affect negatively biodiversity loss only at certain quartiles. One main policy implication of this study is that sustainable tourism is important to mitigate biodiversity loss, and effort for biodiversity conservation is supported by this study.

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The Determinants of Long-term Interest Rates in Eurozone: Taylor Rule and Governance Indicators

International Business Research ◽

10.5539/ibr.v9n9p58 ◽

2016 ◽

Vol 9 (9) ◽

pp. 58

Author(s):

Imre Ersoy ◽

Selen Antmen

Keyword(s):

Interest Rates ◽

Cross Sections ◽

Panel Data Analysis ◽

Control Variable ◽

Political Stability ◽

Government Effectiveness ◽

Governance Indicators ◽

Regulatory Quality ◽

And Control

<p>This study aims to search for the determinants of long-term interest rates in the Eurozone. Panel data analysis is employed for 14 Eurozone countries for the period of 2002-2014 to analyze the determinants of long-term interest rates. This study is carried out to find out whether the Worldwide Governance Indicators (WGI), Taylor (1993) rule and also the Eurozone crisis, as a control variable, have an impact on long-term interest rates. As WGI, Voice and Accountability, Political Stability and Absence of Violence/Terrorism, Government Effectiveness, Regulatory Quality, Rule of Law and Control of Corruption are used. The first finding of the empirical study is that inflation gap has an impact on long-term interest rates. Another finding of the study is that Political Stability and Absence of Violence/Terrorism, Government Effectiveness and Regulatory Quality effects long-term interest rates in 14 panel cross-sections. Besides, the analysis shows that the financial crisis in Eurozone as control variable affected long-term interest rates, as would be expected.</p>

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Impact of Governance on Financial Development: evidence from West Africa

Hasanuddin Economics and Business Review ◽

10.26487/hebr.v3i3.2055 ◽

2020 ◽

Vol 3 (3) ◽

pp. 103

Author(s):

Yahaya Ibrahim Abubakar ◽

Rafiu Ayobanji Mustapha ◽

Emmanuel Shola Ajiboye

Keyword(s):

Interest Rate ◽

West Africa ◽

Private Sector ◽

Financial Development ◽

Trade Openness ◽

Political Stability ◽

Governance Indicators ◽

Domestic Credit ◽

World Governance Indicators ◽

And Control

The study explores the impacts of governance on financial development in West African countries.Data for the study were obtained from the World Bank Database covering the period from 2006-2017. The variables for governance comprises of the six world governance indicators while financial development was represented by ratio of bank deposit to GDP and domestic credit to private sector. The control variables included in the model are interest rate, inflation, GDP per capita and trade openness. The findings from the study revealed that political stability and absence of violence, and regulatory quality have significant effects on both proxies of financial development. Also, voice and accountability, trade openness and interest rate show significances on the ratio bank deposit to GDP while government effectiveness (negative), rule of law, and control of corruption show significances on domestic credit to private sector. Thus, improving the quality of governance through strengthening legal and institutional frameworks, enforcement of standards and empowering of supervisory agencies, introducing an efficient regulatory environment to facilitate financial inclusion will play significant roles in the pace of financial development in the West Africa region. Keywords: Governance, Financial Development and West Africa

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Stay at Home! Governance Quality and Effectiveness of Lockdown

Social Indicators Research ◽

10.1007/s11205-021-02742-3 ◽

2021 ◽

Author(s):

Vincenzo Alfano ◽

Salvatore Ercolano

Keyword(s):

Rule Of Law ◽

Global Scale ◽

Considerable Time ◽

Government Effectiveness ◽

Governance Indicators ◽

Regulatory Quality ◽

Governance Quality ◽

World Governance Indicators ◽

Set Up ◽

First Time

AbstractIn order to control the spread of the COVID-19 pandemic, during the first wave of the pandemic numerous countries decided to adopt lockdown policies. It had been a considerable time since such measures were last introduced, and the first time that they were implemented on such a global scale in a contemporary, information intensive society. The effectiveness of such measures may depend on how citizens perceive the capacity of government to set up and implement sound policies. Indeed, lockdown and confinement policies in general are binding measures that people are not used to, and which raise serious concerns among the population. For this reason governance quality could affect the perception of the benefits related to the government’s choice to impose lockdown, making citizens more inclined to accept it and restrict their movements. In the present paper we empirically investigate the relation between the efficacy of lockdown and governance quality (measured through World Governance Indicators). Our results suggest that countries with higher levels of government effectiveness, rule of law and regulatory quality reach better results in adopting lockdown measures.

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The Inter-Linkage Between Governance and Poverty

Socio-Economic Development ◽

10.4018/978-1-5225-7311-1.ch044 ◽

2019 ◽

pp. 838-865

Author(s):

Maniklal Adhikary ◽

Dyuti Sinha

Keyword(s):

Negative Impact ◽

Political Stability ◽

Well Being ◽

Economic Output ◽

Governance Indicators ◽

Regulatory Quality ◽

Significant Negative Impact ◽

Per Capita ◽

Population Ratio ◽

The Impact

This chapter aims at assessing the impact of governance on the country's economic and human well-being in the selected South Asian countries. The study finds that for the countries-India, Pakistan, Bangladesh, Sri Lanka and Nepal, over the years 1990-2012, the growing rate of GDP per capita (PPP) and growing employment to population ratio has a significant negative impact on the Global Hunger Index as expected. Also the panel regression run for the eight SAARC countries over the period 2007-13 to find out the impact of each of the six governance indicators on the per capita GDP showed that political stability and absence of violence, government effectiveness and regulatory quality have very strong and significant role in augmenting the economic output besides the remaining indicators. The trends for each of the indicators across countries over time show that except Bhutan, none of the countries are exhibiting good performance of the governance indicators.

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Corruption, governance and economic growth in Sub-Saharan Africa: a need for the prioritisation of reform policies

Social Responsibility Journal ◽

10.1108/srj-06-2012-0067 ◽

2014 ◽

Vol 10 (2) ◽

pp. 316-330 ◽

Cited By ~ 7

Author(s):

Kamil Omoteso ◽

Hakeem Ishola Mobolaji

Keyword(s):

Economic Growth ◽

Rule Of Law ◽

Political Stability ◽

Content Type ◽

Governance Indicators ◽

Data Framework ◽

Regulatory Quality ◽

The Impact ◽

Control Of Corruption ◽

Ssa Countries

Purpose – This study aims to investigate the impact of governance indices (especially control of corruption) on economic growth in some selected Sub-Sahara African (SSA) countries with a view to making policy recommendations. Specifically, the study attempts to assess whether either governance reforms (especially those relating to control of corruption) or simultaneous policy reforms could have any impact on the growth of the sample SSA countries. Design/methodology/approach – The governance indicators used in this study were drawn from the PRS Group and the Worldwide Governance Indicators for 2002-2009, while the real gross domestic product (GDP) per capita growth data were obtained from the World Bank database. The study covered 47 SSA countries, and it adopted the panel data framework, the fixed effect, the random effect and the maximum likelihood estimation techniques for the analyses. Findings – The study found that political stability and regulatory quality indicators have growth-enhancing features, as they impact on economic growth in the region significantly, while government effectiveness impacts negatively on economic growth in the region. Despite, several anti-corruption policies in the region, the impact of corruption control on economic growth is not very obvious. The study also found that simultaneous implementation of the voice and accountability and the rule of law indicators has more positive impact on economic growth in the region. Both policies are complementary, and, hence, can be pursued simultaneously. Research limitations/implications – The results suggest that reform efforts that aim at enhancing accountability, regulatory quality, political stability and the rule of law have more growth-enhancing features and, thus, should be given more priority over reform efforts that singly address the issue of control of corruption due to the endemic, systemic and ubiquitous nature of corruption in the region. Practical implications – The study suggests that reform efforts that aim at enhancing accountability, regulatory quality and rule of law have more growth-enhancing features and, therefore, should be given more priority. Originality/value – Many previous studies attempted to examine the impact of corruption on economies, but this paper tries to assess the effect of corruption control and other governance indices on economic growth in the most vulnerable region of the world, the SSA. Besides, the study adopts the panel data framework which makes it possible to allow for differences in the form of unobservable individual country effects.

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Institutional Analysis of Shadow Economy (Study on ASEAN 7 Developing Countries)

Ekuilibrium Jurnal Ilmiah Bidang Ilmu Ekonomi ◽

10.24269/ekuilibrium.v15i1.2373 ◽

2020 ◽

Vol 15 (1) ◽

pp. 55

Author(s):

Ana Rahmawati Wibowo ◽

Wiwin Indrayanti

Keyword(s):

Developing Countries ◽

Rule Of Law ◽

Shadow Economy ◽

Secondary Data ◽

Political Stability ◽

Government Effectiveness ◽

Regulatory Quality ◽

Negative Effect ◽

And Control ◽

Control Of Corruption

This study aims to analyze the institutional variables of governance in ASEAN 7 developing countries. The independent variables consist of Voice and Accountability, Political Stability and Absence of Violence, Government Effectiveness, Regulatory Quality, Rule of Law and Control of Corruption, while shadow economy is dependent variable. The data used in this study are quantitative data and secondary data by using program Stata 14, the analysis technique used is multiple linear regression panel data. The results show that Voice and accountability has a negative and significant effect on the shadow economy as well as Political stability, Government effectiveness and Control of corruption on the other side. Regulatory quality has a positive and significant effect on the amount of shadow economy. Meanwhile, Rule of law no significant effect on the shadow economy. Underlying the results, the study arranges some policy to reduce negative effect of shadow economy.

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Rule of Law, Corruption Control, Governance, and Economic Growth in Managing Renewable and Nonrenewable Energy Consumption in South Asia

International Journal of Environmental Research and Public Health ◽

10.3390/ijerph182010637 ◽

2021 ◽

Vol 18 (20) ◽

pp. 10637

Author(s):

Haider Mahmood ◽

Muhammad Tanveer ◽

Maham Furqan

Keyword(s):

Economic Growth ◽

Renewable Energy ◽

Energy Consumption ◽

Rule Of Law ◽

Political Stability ◽

Energy Sources ◽

The Rule Of Law ◽

Governance Indicators ◽

Regulatory Quality ◽

Nonrenewable Energy

Strong governance is vital for developing environmental policies to promote renewable energy consumption and discourage nonrenewable energy sources. The present research explores the effect of economic growth and different governance indicators on renewable and nonrenewable energy consumption in Pakistan, India, Bangladesh, and Sri Lanka using data from 1996 to 2019. For this purpose, the study uses different econometric techniques to find the long-term effects of the rule of law, regulatory quality, corruption control, government effectiveness, political stability, voice and accountability, and economic growth on oil, natural gas, coal, hydroelectricity, and renewable energy consumption. The results show that economic growth has a positive impact on all investigated renewable and nonrenewable energy sources. Additionally, regulatory quality measures also increase all types of renewable and nonrenewable energy consumption. Except for natural gas, the impact of the rule of law is negative, and government effectiveness positively affects all energy sources. Control of corruption has a positive effect on natural gas consumption. Political stability has a negative effect on nonrenewable energy sources and a positive impact on renewable energy sources. The magnitudes of the effects of economic growth and most governance indicators are found to be larger on nonrenewable sources than renewable sources. The testing of the energy consumption and governance nexus is scant in global literature and is missing in South Asian literature. Hence, the study results contribute to how South Asian economies can be more sustainable in energy use by enhancing governance indicators in the economies. Particularly, the results imply that these countries should focus on improving the rule of law, corruption control, governance, regulatory quality, political stability, and economic growth to help maintain a sustainable balance of renewable and nonrenewable energy sources. Moreover, this issue needs further attention in developing countries, as governance indicators would play an effective role in promoting sustainable energy.

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PENGARUH ELEMEN GOOD GOVERNANCE TERHADAP TINGKAT KORUPSI DI ASIA TENGGARA

Jurnal Akuntansi dan Keuangan ◽

10.23960/jak.v25i1.242 ◽

2020 ◽

Vol 25 (1) ◽

pp. 96-114

Author(s):

Dinda Ayu Dizrisa ◽

Sudrajat Sudrajat ◽

Niken Kusumawardani

Keyword(s):

Rule Of Law ◽

Good Governance ◽

Linear Regression Analysis ◽

Political Stability ◽

Multiple Linear Regression Analysis ◽

Economic Problem ◽

Regulatory Quality ◽

The Government ◽

And Control ◽

Control Of Corruption

Corruption is a complex social, political and economic problem and occurs in every country with different levels. Corruption will complicate democracy and governance of a country. To overcome the problem of corruption, the government must implement good governance. This study aims to provide empirical evidence regarding the effect of elements of good governance on the level of corruption in Southeast Asia. Good governance variables are presented by six variables: voice and accountability, political stability and absence of violence / terrorism, government effectiveness, regulatory quality, rule of law and control of corruption. Meanwhile, the level of corruption is measured using the Corruption Perceptions Index (CPI). The research sample was selected using the purposive sampling method and produced a sample of 8 countries and the observation period was carried out in 2009-2018 or as many as 10 years, so the number of samples in this study were 80 samples. Corruption level data used in this study uses the Corruption Perceptions Index (Transparency International), while the good governance data used in this study uses the Worldwide Governance Indicators (World Bank). The research methodology used in this study is multiple linear regression analysis with the IBM SPSS Statistics 24 program. The results showed that the variable voice and accountability, political stability and absence of violence / terrorism, and rule of law had no effect on the level of corruption, whereas the government variable effectiveness, regulatory quality, and control of corruption affect the level of corruption.

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Effect of Governance on Educational Performance in Nepal

Journal of Education and Research ◽

10.51474/jer.v11i1.502 ◽

2021 ◽

Vol 11 (1) ◽

pp. 97-114

Author(s):

Jiban Khadka

Keyword(s):

Good Governance ◽

Political Stability ◽

Educational Performance ◽

Line Graphs ◽

Government Effectiveness ◽

Secondary Sources ◽

Multiple Line ◽

Governance Indicators ◽

Regulatory Quality ◽

Control Of Corruption

Good governance often seems to have accelerated educational performance. Stepping onto the contribution of governance to the education, this paper examines the effect of Worldwide Governance Indicators produced by Kaufmann et al. (1999) on Educational Performance (EP) of Nepal during the years from 1996 to 2018. The six indicators of WGIs: political stability and absence of violence, government effectiveness, voice and accountability, regulatory quality, control of corruption and rule of law are used as independent variables, and the educational performance (student learning achievement and education index) as a dependent variable. The results, based on the data collected from the secondary sources, derived from multiple-line graphs and the regression model shows that the majority of WGIs insignificantly explained the educational performance across the years. One indicator namely government effectiveness is found as a negative significant predictor of EP. The findings of this study suggest to reform in the existing level of WGIs for the better educational performance.

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