A model to explain the impact of government revenue on the quality of governance and the SDGs

Hall, Stephen George; O’Hare, Bernadette

dc.contributor.author	Hall, Stephen George
dc.contributor.author	O’Hare, Bernadette
dc.date.accessioned	2023-06-02T05:25:03Z
dc.date.available	2023-06-02T05:25:03Z
dc.date.issued	2023-03
dc.description	This study was originally commissioned under the UNU-WIDER project GRD—Government Revenue Dataset.	en_US
dc.description	DATA AVAILABILITY STATEMENT : This data uses publicly available data, which may be obtained by request from the authors.	en_US
dc.description.abstract	This paper empirically investigates the link between the level of government revenue per capita and six indicators of the quality of governance in an unbalanced panel data set consisting of all countries in the world (217 countries; due to some missing data, (this was reduced to 196) using data from 1996 to 2020. It uses single-equation generalised method of moment (GMM) techniques and a vector autoregressive (VAR) and vector error correction model (VECM) approach to investigate this issue. The results suggest a strong effect over time whereby an increase in government revenue leads to a steady improvement in governance. These findings suggest an important virtuous circle between government revenue and governance. As a result, additional government revenue can significantly impact the Sustainable Development Goals more than our previous work has suggested.	en_US
dc.description.department	Economics	en_US
dc.description.librarian	hj2023	en_US
dc.description.sponsorship	This study was funded under the UN-WIDER contract 605UU-000000003380.	en_US
dc.description.uri	https://www.mdpi.com/journal/economies	en_US
dc.identifier.citation	Hall, Stephen, and Bernadette O’Hare. 2023. A Model to Explain the Impact of Government Revenue on the Quality of Governance and the SDGs. 11: 108. https://doi.org/10.3390/economies11040108.	en_US
dc.identifier.issn	2227-7099 (online)
dc.identifier.other	10.3390/economies11040108
dc.identifier.uri	http://hdl.handle.net/2263/91004
dc.language.iso	en	en_US
dc.publisher	MDPI	en_US
dc.rights	© 2023 by the authors. Licensee MDPI, Basel, Switzerland. This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license (https:// creativecommons.org/licenses/by/ 4.0/).	en_US
dc.subject	Government revenue	en_US
dc.subject	Worldwide governance indicators	en_US
dc.subject	Sustainable development goals (SDGs)	en_US
dc.subject	Governance	en_US
dc.subject	Control of corruption	en_US
dc.subject	Government effectiveness	en_US
dc.subject	Political stability	en_US
dc.subject	Regulatory quality	en_US
dc.subject	Rule of law	en_US
dc.subject	Voice and accountability	en_US
dc.subject	United Nations (UN)	en_US
dc.subject	Generalised method of moment (GMM)	en_US
dc.subject	Vector autoregressive (VAR)	en_US
dc.subject	Vector error correction model (VECM)	en_US
dc.subject	Equilibrium correction model (ECM)	en_US
dc.subject	SDG-17: Partnerships for the goals	en_US
dc.subject	SDG-16: Peace, justice and strong institutions	en_US
dc.title	A model to explain the impact of government revenue on the quality of governance and the SDGs	en_US
dc.type	Article	en_US