Effects of good governance on economic development – Case study on Romania
Effects of good governance on economic development – Case study on Romania

Summary/Abstract: governance indicators and effects of the governance on GDP in order to effectively analyse governance at country level. The paper is organised in three main parts. In the first part, the theoretical foundation to corporate governance is outlined and discussed. The second part of the paper focuses on an empirical analysis of governance indicators, also providing an overview regarding a comparison between levels of the governance indicators in the European states. Finally, in the third part, the governance indicators from Romania are analyzed in correlation with GDP, helping to understand the relationship between the governance dimensions and economic growth. The main conclusions derived from the empirical study display existing dysfunctions and identify possible approaches in order to elaborate better governance policies at country level.

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