Nf. Campos et Jb. Nugent, Development performance and the institutions of governance: Evidence from east Asia and Latin America, WORLD DEV, 27(3), 1999, pp. 439-452
The purpose of this paper is three-fold: to assess the extent to which the
institutional characteristics of governance can be captured with available
data, to evaluate the ability of such measures to explain development perfo
rmance across regions, countries and time, and to examine the extent to whi
ch different governance characteristics are complements (rather than substi
tutes) to one another. Using the four operational governance characteristic
s, we find that, first, in the full sample, all governance characteristics
have the expected effects on development performance and, second, both the
relative importance of these characteristics and the degree of complementar
ity/substitutability among them vary by region. (C) 1999 Elsevier Science L
td. All rights reserved.