good governance (using latent variable approach) and a financial decentralisation index. Panel data is employed to explore … if better quality of institutional arrangements (of governance and more financial decentralisation) lead to better …

, viz, education, infrastructure, technological progress, income, etc.) and also index of good governance (by aggregating … statistical measures. Panel regression showed that governance measures, and economic policy variables are crucial to explain …

This paper attempts to propose a methodology to combine different dimensions of governance indicators into a composite … index. The governance index is computed as the weighted average of principal components of the standardized governance … indicators, where weights are variances of successive principal components. Since the notion of good governance is multi …