Authors
Abstract
Good governance is a concept that was proposed in the development literature as a key to the development puzzle in the late 90’s. This concept is derived from the theory of institutionalization and is the product of three institutions including government, private sector and civil society. World Bank defines good governance based on six indicators including: voice and accountability, political stability, no violence, government effectiveness, regulatory quality, rule of law and control of corruption. This paper has examined the effect of good governance indicators (prepared by the World Bank) on human development index (HDI) as a criterion for development, in ASEAN countries during 2000-2009 by using panel data analysis. UNDP claims that the hdi is superior to per-capita gdp for measuring development. The result finds that among six indicators of good governance, political stability, no violence, government effectiveness, regulatory quality and rule of law have positive and statistically significant effect on human development index.
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