DOES MORE TRANSPARENCY GO ALONG WITH BETTER GOVERNANCE?

Roumeen Islam

362 citations0/0 files storedEconomics and Politics

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Corruption and Economic Development E-Government and Public Services Economic Growth and Development

Abstract

This paper explores the link between information flows and governance. It develops a new indicator, the transparency index, which measures the frequency with which governments update economic data that they make available to the public. The paper also uses the existence of a Freedom of Information Act and the length of time for which it has been in existence as an indicator reflecting the overall legislative environment for transparency. Measures of the type developed in this paper have hitherto not been used in the cross‐country literature on governance and growth. Cross‐country regression estimation shows that countries with better information flows as measured by these indices also govern better.

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References

1990Institutions, Institutional Change and Economic Performance 1970The Market for "Lemons": Quality Uncertainty and the Market Mechanism 1981Credit Rationing in Markets with Imperfect Information 1997Legal Determinants of External Finance 1986The Costs and Benefits of Ownership: A Theory of Vertical and Lateral Integration 1995Corruption and Growth 2001The Colonial Origins of Comparative Development: An Empirical Investigation 1999Why do Some Countries Produce So Much More Output Per Worker than Others?

Cited by

2015Transparency, Protest, and Autocratic Instability 2014Measuring Transparency 2016The quest for good governance: how societies develop control of corruption 2014A global index of information transparency and accountability 2012Budget Transparency in Local Governments: An Empirical Analysis 2009Freedom of information acts and public sector corruption

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