Main Article Content

Engjell Pere
European University of Tirana
Vol. 4 No. 1 (2015), Articles, pages 25-45
Submitted: Sep 24, 2018 Published: Jun 29, 2015
How to Cite


After the socio-economic transformation and the establishment of the free market institutions, the development and improvement of living standards in post transition economies are deemed to depend more and more on the so called secondary “generating” reforms, at the core of which is the good governance. Drawing from this approach, this article seeks to address the role and the effect of the good governance in the economic development of the Western Balkans countries. More specifically, the article investigates the impact of good governance in the rates of economic growth of GDP. The article adopts a quantitative methodology approach, i.e. an econometric model based on the examination of a panel – data of good governance indicators for Western Balkans countries for the period 1996 – 2012. The analysis concentrates on the following Western Balkan Countries: Albania, Bosnia and Herzegovina, Croatia, Kosovo, Macedonia, Montenegro and Serbia.


Download data is not yet available.

Article Details


Acemoglu, Daron, Johnson, Simon, Robinson, James A. (2002) ‘Reversal of Fortune: Geography and Institutions in the Making of the Modern World Income Distribution‘, The Quarterly Journal of Economics 117(4):1231-1294.

Gradstein, Mark. (2004) ‘Governance and Growth’, Journal of Development Economics 73:505– 518.

Hall, Robert E., Jones, Charles I. (1999) ‘Why Do Some Countries Produce so Much More Output per Qorker Than Others?’ Quarterly Journal of Economics 114(1):83-116.

Hossein, Jalilian, Kirkpatrick, Colin, Parker, David. (2007) ‘The Impact of Regulation on Economic Growth in Developing Countries: A cross-country analysis’, World development 35(1): 87-103.

Kaufmann, Daniel. (2003) ‘Governance Redux: The Empirical Challenge’, Working paper, MPRA Paper 8210.

Kaufmann, Daniel, Kraay, Aart. (2003) ‘Growth Without Governance’, Economia: The Journal of the Latin American and Caribbean Economic Association 3(1):169- 215.

Kaufmann, Daniel, Kraay, Aart. (2007) ‘Governance Indicators: Where Are We, Where Should We Be Going?’, World Bank Policy Research Working Paper Series 4370.

Kaufmann, Daniel, Kraay, Aart, Mastruzzi, Massimo. (2010) ‘Response to: “The Worldwide Governance Indicators: Six, One, or None’, Brookings Institution, World Bank Development Research Group, and World Bank Institute.

Kaufmann, Daniel, Kraay, Aart, Mastruzzi, Massimo. (2010) ‘The Worldwide Governance Indicators: Methodology and Analytical Issues’, The World Bank, Institute Global Governance, Policy Research Working Paper 5430.

Kaufmann, Daniel, Kraay, Aart, Mastruzzi, Massimo. (2005) ‘Governance Matters IV for 1996-2004’, The World Bank World Bank, Institute Global Governance. Policy Research Working.

Kaufmann, Daniel, Kraay, Aart, Mastruzzi, Massimo. (2006) ‘Growth and Governance: A Reply’, The World Bank (forthcoming, Journal of Politics 69(2)).

Kaufmann, Daniel, Kraay, Aart, Zoibo-Lobatón, Pablo. (1999) ‘Aggregating Governance Indicators’, The World Bank World Bank, Institute Global Governance, Policy Research Working Paper 2195.

Kaufmann, Daniel, Kraay, Aart, Zoibo-Lobatón, Pablo. (1996) ‘Governance Matters’, The World Bank World Bank, Institute Global Governance, Policy Research Working Paper 2196.

Khan, Mushtaq. (2007) ‘Governance and Development: The Perspective of Growth-enhancing Governance’, DESA Working Paper 54.

Knack, Stephen, Keefer, Philip. (1995) ‘Institutions and Economic Performance: Cross-Country Tests Using Alternative Measures’, Economics and Politics 7:207-227.

Kurtz, Marcus J., Schrank, Andrew. (2007) ‘Growth and Governance: Models, Measures, and Mechanisms’, Journal of politics 69(2):538-554.

La Porta, Rafael, Lopez-de-Silanes, Florencio, Shleifer, Andrei, Vishny, Robert. (1999) ‘The Quality of Government’, Journal of Law, Economics and Organization 15(1):222-279.

Thomas, Melissa A. (2009) ‘What Do the Worldwide Governance Indicators Measure?’, European Journal of Development Research.

Mauro, Paolo. (2002) ‘The Persistence of Corruption and Slow Economic Growth’, IMF Working Paper WP/02/213.

Penev, Slavica. (2012) ‘Economic and European Perspectives of Western Balkan Countries’, Westminster Foundation for Democracy.

Roll, Richard, Talbott, John. (2003) ‘Political and Economic Freedoms and Prosperity’, Journal of Democracy 14(3):75-89.

Manasan, Rosario G., Gonzalez, Eduardo T., Gaffud, Romualdo B. (1999) ‘Indicators of Good Governance: Developing an Index of Governance Quality at the LGU Level’, No. JPD 1999 Vol. XXVI No. 2-d. Philippine Institute for Development Studies.

Sharma, Shalendra D. (2007) ‘Democracy, Good Governance, and Economic Development’, Taiwan Journal of Democracy 3(1):29-62.

Siddiqui, Danish A., Ahmed, Qazi M. (2009) ‘Institutions and Economic Growth: A Cross country Evidence’, MPRA Paper 19747.