The World Bank has assembled indicators of the quality of governance in 213 countries. The researchers are making the underlying data available to researchers, so I can imagine many regressions being run to try to see which indicators best correlate to economic success. China will still prove to be a troublesome data point–its governance indicators are poor, but it has that outstanding growth rate.
Thanks to New Economist for the pointer.
READER COMMENTS
Butter
Sep 26 2006 at 7:46pm
Don’t think absolute ranking is important here but rather improvements, or growth, in institutional rankings probably lead to economic growth. There is your first regression.
David N. Welton
Sep 27 2006 at 1:29am
Ok, I’m looking at the ‘basic chart’. How did the US score so badly in “political stability”. It’s worse than Italy, which does not make much sense given what I read in the papers every day(I live in Italy).
Interesting data in any case.
Mr. Econotarian
Sep 27 2006 at 1:14pm
With all the “safe seats,” you’d think one would come to the conclusion that the U.S. is very “politically stable,” if not perhaps “too stable”!
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