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A review of the political economy of governance : from property rights to voice

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  • Keefer, Philip

Abstract

Keefer reviews progress made in understanding the effects of different dimensions of governance on economic development, and the sources of good governance. The term governance has been used to embrace concepts that are heterogeneous both with respect to their effects on economic development and their genesis. Future progress in developing policy responses to bad governance will depend on separately examining these heterogeneous elements-the security of property rights, the quality of bureaucratic performance, corruption, voice, and accountability. Future progress will also depend on explicitly linking problems of governance to the overarching political environment and the incentives of governments to correct those problems.

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  • Keefer, Philip, 2004. "A review of the political economy of governance : from property rights to voice," Policy Research Working Paper Series 3315, The World Bank.
    • Handle: RePEc:wbk:wbrwps:3315
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    References listed on IDEAS

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    2. Shahid Yusuf, 2017. "Middle-income countries: trapped or merely slowing?," Asian-Pacific Economic Literature, The Crawford School, The Australian National University, vol. 31(2), pages 19-29, November.
    3. Mellati, Ali, 2008. "Uncertainty and investment in private sector: An analytical argument and a review of the economy of Iran," MPRA Paper 26655, University Library of Munich, Germany.
    4. Gray, Hazel, 2007. "Governance for economic growth and poverty reduction: empirical evidence and new directions reviewed," LSE Research Online Documents on Economics 50334, London School of Economics and Political Science, LSE Library.
    5. Bernardin Akitoby & Thomas Stratmann, 2010. "The value of institutions for financial markets: evidence from emerging markets," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 146(4), pages 781-797, December.
    6. Danjuma Abdullahi & Yahaya T. Baba & Aminu Musa, 2017. "Thuggery of Liberation and Election in Kebbi State," International Journal of Social and Administrative Sciences, Asian Economic and Social Society, vol. 2(1), pages 8-14, June.
    7. Christian Bjørnskov, 2010. "How does social trust lead to better governance? An attempt to separate electoral and bureaucratic mechanisms," Public Choice, Springer, vol. 144(1), pages 323-346, July.
    8. Raposo, Mario & Leitão, João & Paco, Arminda, 2006. "E-Governance of Universities: A Proposal of Benchmarking Methodology," MPRA Paper 484, University Library of Munich, Germany.
    9. Resnick, Danielle & Birner, Regina, 2006. "Does good governance contribute to pro-poor growth?: a review of the evidence from cross-country studies," DSGD discussion papers 30, International Food Policy Research Institute (IFPRI).
    10. Sue, Eddie D.W. & Wong, Wei-Kang, 2010. "The political economy of housing prices: Hedonic pricing with regression discontinuity," Journal of Housing Economics, Elsevier, vol. 19(2), pages 133-144, June.
    11. Mehmet Ugur & David Sunderland, 2011. "Does Economic Governance Matter? New Contributions to the Debate," Chapters, in: Mehmet Ugur & David Sunderland (ed.), Does Economic Governance Matter?, chapter 1, Edward Elgar Publishing.
    12. Sebastián Fleitas & Andrés Rius & Carolina Román & Henry Willebald, 2013. "Contract enforcement, investment and growth in Uruguay since 1870," Documentos de Trabajo (working papers) 13-01, Instituto de Economía - IECON.
    13. Nayef AlShammari & Shareefa Al-Adwani & Hanouf AlDhafeeri, 2024. "Economic Performance in MENA: it Is in the Institutions," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 15(2), pages 8435-8456, June.
    14. Dixit Avinash K, 2010. "Democracy, Autocracy and Bureaucracy," Journal of Globalization and Development, De Gruyter, vol. 1(1), pages 1-47, January.
    15. Anillo, Andrea & Boehm, Frédéric & Polo-Otero, José, 2014. "Governance Matters: Universal Access to Water," MPRA Paper 54820, University Library of Munich, Germany.
    16. Haggard, Stephan & Tiede, Lydia, 2011. "The Rule of Law and Economic Growth: Where are We?," World Development, Elsevier, vol. 39(5), pages 673-685, May.
    17. Tulbure, Narcis & Catarama, Delia, 2009. "Institutional and Socio-Cultural Factors Explaining the Development of Mutual Funds. A Cross-Country Analysis," MPRA Paper 20341, University Library of Munich, Germany.
    18. Hafez Ghanem, 2014. "Governance Reform to Achieve Social Justice and Inclusive Growth in Egypt: Building Inclusive Economic Institutions," Working Papers 873, Economic Research Forum, revised Nov 2014.
    19. Jaćimović, Danijela & Karadžić, Vesna & Bošković, Tatjana, 2008. "Quality of governance as measured by World Bank indicators for the region of south-east Europe," SEER Journal for Labour and Social Affairs in Eastern Europe, Nomos Verlagsgesellschaft mbH & Co. KG, vol. 11(4), pages 485-502.
    20. del Río, Fernando, 2018. "Governance, social infrastructure and productivity," MPRA Paper 86245, University Library of Munich, Germany, revised 16 Apr 2018.
    21. Konstantinos Rontos & Maria-Eleni Syrmali & Ioannis Vavouras, 2015. "The Determinants of Governance: A Global Analysis," International Journal of Finance, Insurance and Risk Management, International Journal of Finance, Insurance and Risk Management, vol. 5(2), pages 868-868.
    22. Mwangi S. Kimenyi, 2005. "Economic Rights, Human Development Effort and Institutions," Working papers 2005-40, University of Connecticut, Department of Economics.
    23. Resnick, Danielle & Birner, Regina, 2005. "Does Good Governance Contribute to Pro-poor Growth?: A Conceptual Framework and Empirical Evidence from Cross-Country Studies," Proceedings of the German Development Economics Conference, Kiel 2005 5, Verein für Socialpolitik, Research Committee Development Economics.
    24. Shaheen Naseer, 2019. "Public Spending, Quality of Bureaucracy and Economic Growth: A Theoretical Analysis," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 58(2), pages 203-221.

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    Keywords

    Environmental Economics&Policies; Labor Policies; Banks&Banking Reform; Decentralization; Economic Theory&Research; Governance Indicators; NationalGovernance; Environmental Economics&Policies; Economic Theory&Research; Banks&Banking Reform;
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