- returns on assets, loan growth, and the ratio of loan loss reserves to capital, of net interest income to total income, and of …

the authors'choice of title,"Growth Without Governance."They document this evidence using a newly updated set of worldwide …It is well known that there is a strong positive correlation between per capita incomes and the quality of governance … positive causal effect running from better governance to higher per capita incomes, and, perhaps surprisingly at first, (2) a …

Good governance -- in the form of institutions that establish predictable, impartial, and consistently enforced rules … quality of governance, as measured by indexes of bureaucratic quality, corruption, and the rule of law. This negative … growth and infant mortality is conditional on policy and institutional gaps. The author's results indicate that the size of …

relationship from better governance to better development outcomes. They base their analysis on a new database containing more than … 300 governance indicators compiled from a variety of sources. They provide a detailed description of each of these …,"Aggregating Governance Indicators,"Policy Research Working Paper 2195), they then construct six aggregate indicators corresponding to six …

market economies. Data collection and indicators are measured in terms of five institutional dimensions of governance: a …

The authors construct aggregate governance indicators for six dimensions of governance, covering 175 countries in 2000 …-01. They apply the methodology developed in Kaufmann, Kraay, and Zoido-Lobaton ("Aggregating Governance Indicators", Policy … Research Working Paper 2195, and"Governance Matters", Policy Research Working Paper 2196, October 1999) to newly available data …

In recent years the growing interest of academics and policymakers in governance has been reflected in the … proliferation of cross-country indices measuring various aspects of governance. The authors explain how a simple variant of an … unobserved components model can be used to combine the information from these different sources into aggregate governance …

, and provide a study of firm-level corporate governance practices across emerging markets, and a greater understanding of … the environments under which corporate governance matters more. Their empirical tests show that better corporate … governance is highly correlated with better operating performance, and market valuation. More important, the authors provide …