Title: Corruption, governance and sustainable development
Authors: Valdir de Jesus Lameira; Walter Lee Ness
INESC Coimbra, Portugal, Rua Antero de Quental, 199, 3000-033 Coimbra, Portugal
Avenida Rui Barbosa, 664- Apto. 1002, CEP 22250-020 Rio de Janeiro, RJ, Brazil
ISCTE – University Institute of Lisbon, Av. das Forças Armadas, 1649-026 Lisbon, Portugal
Federal Fluminense University, TEM/PGMEC/MSG, Rua Passo da Pátria 156, CEP 24210-240, Niterói – RJ, Brazil
Federal Fluminense University, MSG/LATEC, Rua Passo da Pátria 156, sala 329-A – Bloco E CEP 24210-240, Niterói – RJ, Brazil
Abstract: This paper presents a methodology for evaluating the relationship between governance and several variables commonly related to the concept of sustainable development, using financial indicators for control. We explore the theoretical framework linking the level of governance of the countries with their performance. Our sample incorporates data from developed and emergent countries, collected from the World Bank and Transparency International, to assess the significance of governance impact among countries with distinct degrees of development. Multiple regression analysis and panel data modelling were used to explore statistical relations amongst variables. Results show a positive relation between levels of governance and economic development, aside from illustrating other significant issues.
Keywords: governance impact; corruption; sustainable development; sustainability; emerging economies; multiple regressions; panel data models; environmental development; social development; technological development; financial development; economic development; financial indicators.
Int. J. of Monetary Economics and Finance, 2013 Vol.6, No.2/3, pp.213 - 231
Available online: 13 Sep 2013