GOVERNANCE, SUSTAINABILITY AND SUSTAINABLE GOVERNANCE: A Panel Vector Auto Regression Analysis
Good Governance and Economic Growth: Complimentary or Problematic?, Taylor & Francis Ltd, ss.13-40, 2024
- Yayın Türü: Kitapta Bölüm / Araştırma Kitabı
- Basım Tarihi: 2024
- Doi Numarası: 10.4324/9781003530688-3
- Yayınevi: Taylor & Francis Ltd
- Sayfa Sayıları: ss.13-40
- Kırklareli Üniversitesi Adresli: Evet
Özet
The chapter tests if governance performance and sustainable governance are related. Based on the criteria for sustainable governance outcomes and structures, the study hypothesizes sustainable governance as that which positively contributes to environment quality, health quality or economic well-being and adapts positively to improvements in any one of them. Panel data is taken for the years 2000-2015 for 115 countries, clustered as high, middle and low performers based on their governance scores by K-means clustering applying panel vector auto-regression analysis. Results show that only high performer countries have sustainable governance since there is bidirectional positive significant relationship between governance and sustainability. In the middle performer countries, governance does not adapt positively to improvements in sustainability. Lastly, in the low performer countries, governance negatively impacts sustainability. High performers should encourage innovative governance practices but without radical measures that might change their governance structures. For the middle performers, structural changes are required for economic, environment and health issues. Introducing participatory administrative reforms will help do away with bureaucratic delays. Lastly, low performers should introduce structural reforms in governance as their existing governance structures negatively impact sustainability; i.e., they self-reinforce their own existence.