Do More Transparent Governments Govern Better?
The author explores the link between information flows and governance or institutional quality. Economic theory expounds on the importance of information on economic outcomes either through its direct effect on prices and quantities or through its...
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| Format: | Policy Research Working Paper |
| Language: | English en_US |
| Published: |
World Bank, Washington, DC
2014
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| Online Access: | http://documents.worldbank.org/curated/en/2003/06/2390975/more-transparent-government-govern-better http://hdl.handle.net/10986/18169 |
| Summary: | The author explores the link between
information flows and governance or institutional quality.
Economic theory expounds on the importance of information on
economic outcomes either through its direct effect on prices
and quantities or through its effect on other factors such
as institutions and the quality of governance. She shows
that countries with better information flows also govern
better. Two kinds of indicators are used to assess better
information flows. One index is based on the existence of
freedom of information laws. A second index called the
"transparency" index measures the frequency with
which economic data are published in countries around the
world. Empirical analysis shows that countries which have
better information flows as measured by both indicators have
better quality governance. |
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