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

dc.contributor.authorHall, Stephen George
dc.contributor.authorO’Hare, Bernadette
dc.date.accessioned2023-06-02T05:25:03Z
dc.date.available2023-06-02T05:25:03Z
dc.date.issued2023-03
dc.descriptionThis study was originally commissioned under the UNU-WIDER project GRD—Government Revenue Dataset.en_US
dc.descriptionDATA AVAILABILITY STATEMENT : This data uses publicly available data, which may be obtained by request from the authors.en_US
dc.description.abstractThis 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.departmentEconomicsen_US
dc.description.librarianhj2023en_US
dc.description.sponsorshipThis study was funded under the UN-WIDER contract 605UU-000000003380.en_US
dc.description.urihttps://www.mdpi.com/journal/economiesen_US
dc.identifier.citationHall, 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.issn2227-7099 (online)
dc.identifier.other10.3390/economies11040108
dc.identifier.urihttp://hdl.handle.net/2263/91004
dc.language.isoenen_US
dc.publisherMDPIen_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.subjectGovernment revenueen_US
dc.subjectWorldwide governance indicatorsen_US
dc.subjectSustainable development goals (SDGs)en_US
dc.subjectGovernanceen_US
dc.subjectControl of corruptionen_US
dc.subjectGovernment effectivenessen_US
dc.subjectPolitical stabilityen_US
dc.subjectRegulatory qualityen_US
dc.subjectRule of lawen_US
dc.subjectVoice and accountabilityen_US
dc.subjectUnited Nations (UN)en_US
dc.subjectGeneralised method of moment (GMM)en_US
dc.subjectVector autoregressive (VAR)en_US
dc.subjectVector error correction model (VECM)en_US
dc.subjectEquilibrium correction model (ECM)en_US
dc.subjectSDG-17: Partnerships for the goalsen_US
dc.subjectSDG-16: Peace, justice and strong institutionsen_US
dc.titleA model to explain the impact of government revenue on the quality of governance and the SDGsen_US
dc.typeArticleen_US

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