Keefer, Philip2013-06-202013-06-202004-05https://hdl.handle.net/10986/14078Keefer reviews progress made in understanding the effects of different dimensions of governance on economic development, and the sources of good governance. The term governance has been used to embrace concepts that are heterogeneous both with respect to their effects on economic development and their genesis. Future progress in developing policy responses to bad governance will depend on separately examining these heterogeneous elements-the security of property rights, the quality of bureaucratic performance, corruption, voice, and accountability. Future progress will also depend on explicitly linking problems of governance to the overarching political environment and the incentives of governments to correct those problems.en-USCC BY 3.0 IGOACCOUNTABILITYADMINISTRATIVE AGENCIESADMINISTRATIVE APPARATUSADMINISTRATIVE PROCEDURESAUTHORITYAUTONOMYBAD GOVERNANCEBAD POLICIESBUREAUCRACYBUREAUCRATIC EFFICIENCYBUREAUCRATIC QUALITYCENTRAL BANKSCENTRAL PLANNINGCITIZENSCIVIL SOCIETYCOMMUNISMCONSTITUENCIESCORRUPTIONCORRUPTION PERCEPTIONSCOUNTRY CHARACTERISTICSCURRENT COSTSDECISION MAKERSDEMOCRACYDEMOCRATIC ELECTIONSDEMOCRATIC GOVERNANCEDEMOCRATIC INSTITUTIONSDEMOCRATIZATIONECONOMIC CONSTRAINTSECONOMIC DEVELOPMENTECONOMIC GROWTHECONOMIC OUTCOMESECONOMIC POLICIESECONOMIC RIGHTSELECTORAL COMPETITIONEQUILIBRIUMFISCALFISCAL CRISISFUTURE RESEARCHGOOD GOVERNANCEGOVERNANCE COMPONENTSGOVERNANCE FAILURESGOVERNANCE INDICATORSGOVERNANCE RESEARCHGOVERNMENT ACTIONGOVERNMENT CREDIBILITYGOVERNMENT DECISIONGOVERNMENT DECISION MAKINGGOVERNMENT EFFECTIVENESSGOVERNMENT INSTITUTIONSGOVERNMENT OFFICIALSGOVERNMENT PERFORMANCEGOVERNMENT POLICIESGOVERNMENT REGULATIONGOVERNMENT SPENDINGINCOME INEQUALITYINEFFICIENCYINEQUALITYINFLATIONINSTITUTIONAL CONSTRAINTSINTERNATIONAL DEVELOPMENTLAWSMEASUREMENT ERRORNATIONAL INCOMENATIONSPER CAPITA INCOMESPOLICY VOLATILITYPOLITICAL COMPETITIONPOLITICAL ECONOMYPOLITICAL INSTABILITYPOLITICAL INSTITUTIONSPOLITICAL INTERFERENCEPOLITICAL LEADERSPOLITICAL RISKPOLITICAL STABILITYPOLITICAL UNCERTAINTYPOLITICIANSPRIVATIZATIONPRODUCTIVITYPROPERTY RIGHTSPUBLIC POLICYPUBLIC SECTORPUBLIC SECTOR PERFORMANCEREGULATORY QUALITYRESEARCH AGENDAREVERSE CAUSALITYRISK PREMIUMRULE OF LAWSECURE PROPERTY RIGHTSSOCIAL CONDITIONSSOCIAL POLICYSOCIAL SECURITYSOCIAL WELFARESTATE INSTITUTIONSSTATE OWNERSHIPTAX COLLECTIONTAX LAWTAX RATESTRADE BARRIERSWEALTH POLITICAL ECONOMY ANALYSISGOVERNANCEPROPERTY RIGHTSINVESTMENT CLIMATEACCOUNTABILITYDEMOCRATIC ACCOUNTABILITYPOLITICAL CONDITIONSSOCIAL CONDITIONSCORRUPTIONCIVIL SOCIETYPUBLIC SECTOR INSTITUTIONSECONOMIC DEVELOPMENTECONOMIC GROWTHWorld Bank10.1596/1813-9450-3315