The Binomial Governance versus Human Development
Keywords:
Governance; Human Development; Policy EffectsAbstract
Good governance has a positive influence on development. Governance is the missing link between efforts to combat poverty and the achievement of the Development Goals. In recent decades, the scientific orientation and concern of economists has registered, if not a clear shift towards the area of the human factor, at least a reconsideration of the place and role of the individual appreciated as a premise of economic growth. The article examines existing research in conjunction with the analysis of the quality of governance in 7 European Union member countries, from a comparative perspective, in the period 2019-2023, based on the World Governance Indicators and the Human Development Indicator, using reports from the World Bank, UNDP, Eurostat. The study used the following econometric techniques: Descriptive Statistics, Correlation Analysis, Panel Data Regression Analysis and Diagnostic Tests. The results of the study reflect the quality of governance as an imperfect model, due to the rigor and difficulties of taking into account the characteristics of each country and the effects of development policies.
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