Governance Matters
Governance Matters ArXiv ID: ssrn-188568 “View on arXiv” Authors: Unknown Abstract Six new aggregate measures capturing various dimensions of governance provide new evidence of a strong causal relationship from better governance to better deve Keywords: corporate governance, institutional reform, economic development, governance metrics, Corporate Governance Complexity vs Empirical Score Math Complexity: 3.0/10 Empirical Rigor: 6.0/10 Quadrant: Street Traders Why: The paper uses an unobserved components methodology and a large cross-country dataset, indicating solid empirical rigor and data handling, but the math is primarily statistical and econometric, not dense or highly advanced. flowchart TD Q["Research Question: Does governance quality causally drive economic development?"] --> I["Inputs: New aggregate governance indices; panel data on development"] I --> M["Methodology: Instrumental variable and panel data analysis"] M --> C["Computation: Regressing development on governance, controlling for fixed effects & endogeneity"] C --> F["Outcomes: Strong causal link from better governance to better economic development"]