Governance and Growth Revisited
用潜变量方法构建了一个新的治理指数，并检验了该指数与经济增长的关系，发现其对增长有显著正向影响，且结论在不同样本和条件下稳健。
SUMMARY Recent studies yield diverging outcomes on the governance‐growth relationship. In this paper we construct a new index of governance using a latent variable approach and test whether this index is related to growth with varying samples of countries and different conditioning variables. The results show that our index has a positive and significant impact on economic growth. This conclusion is fairly robust for various samples and conditioning variables.