A Governance Dividend for Sub-Saharan Africa?
Cover -- Contents -- I. Introduction -- II. Brief Literature Review -- III. Stylized Facts -- IV. Empirical Analysis -- V. Unbundling Governance -- VI. Non-Linearity -- VII. Concluding Remarks -- Appendix -- References -- FIGURES -- 1. Corruption Perceptions and Governance in SSA and the World -- 2. Governance and Corruption Perceptions and Level of Development -- 3. Governance and Corruption Perceptions and Growth -- 4. Corruption Perceptions and Fiscal Outcomes -- 5. Sample Distribution of Governance and Corruption Perceptions -- 6. SSA Sample Attributes -- 7. Overall Effect of Governance on Growth in SSA -- 8. Overall Effect of Governance on Growth in SSA Controlling for Endogeneity -- 9. Overall Effect of Governance on Growth Across Regions -- 10. Overall Effect of Governance on Growth Across Country Groups -- 11. Overall Effect of Governance on Growth in SSA Controlling for Other Factors -- 12. Overall Effect of Governance on Growth Using 3-Year and 1-Year Averages -- 13. Overall Effect of Governance and Corruption Perceptions on Growth -- TABLES -- 1. Correlation Between Governance and Corruption Perceptions in SSA, 1995-2015 -- 2. Summary of Variables and Data Sources -- 3. Summary Statistics of Main Variables Used in the Regressions -- 4. Governance and Growth in SSA: OLS Regressions -- 5. Governance and Growth in SSA: Baseline System GMM Regressions -- 6. Alternative Measures of Governance: System GMM Regressions -- 7. Governance Channels and Growth: System GMM Regressions -- 8. Corruption Perceptions and Growth in SSA: System GMM Regressions -- 9. Governance and Corruption Perceptions: Non-linear Models