<abstract xmlns="http://www.w3.org/1999/xhtml">
<p>This study assesses the effect of governance upon sustainable development. The trends of the Worldwide Governance Indicators (WGI) and the Sustainable Development Index (SDI) are analysed for the 2005 - 2021 period for 161 countries by using Pooled Ordinary Least Squares (OLS) estimations for panel data, the multiple regression modelling. The results emphasize the significant effect of regulatory quality, government effectiveness, political stability, rule of law, control of corruption and voice and accountability on SDI. The results of the research show that governance is a variable that should be taken into consideration for explaining sustainable development level each country may achieve. </p>
</abstract>

This study assesses the effect of governance upon sustainable development. The trends of the Worldwide Governance Indicators (WGI) and the Sustainable Development Index (SDI) are analysed for the 2005 - 2021 period for 161 countries by using Pooled Ordinary Least Squares (OLS) estimations for panel data, the multiple regression modelling. The results emphasize the significant effect of regulatory quality, government effectiveness, political stability, rule of law, control of corruption and voice and accountability on SDI. The results of the research show that governance is a variable that should be taken into consideration for explaining sustainable development level each country may achieve.

The Impact of Governance Upon Sustainable Development. Empirical Evidence 

Studia Universitatis Babes-Bolyai Oeconomica

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.

{"article-title":"The Impact of Governance Upon Sustainable Development. Empirical Evidence"}

This study assesses the effect of governance upon sustainable development. The trends of the Worldwide Governance Indicators (WGI) and the Sustainable...

The Impact of Governance Upon Sustainable Development. Empirical Evidence

Published Online: Sep 14, 2023

Page range: 73 - 86

DOI: https://doi.org/10.2478/subboec-2023-0010

Keywords
sustainable development, Governance, the Sustainable Development Index, World Governance Indicators

© 2023 Leonina Emilia Baciu, published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.

The Impact of Governance Upon Sustainable Development. Empirical Evidence

Published Online: Sep 14, 2023

Page range: 73 - 86

DOI: https://doi.org/10.2478/subboec-2023-0010

Keywordssustainable development, Governance, the Sustainable Development Index, World Governance Indicators

© 2023 Leonina Emilia Baciu, published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.

Keywords
sustainable development, Governance, the Sustainable Development Index, World Governance Indicators