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Corruption, Good Governance and Economic Development: Contemporary Analysis and Case Studies
Chapter 3
Using the Release of Information as an Indicator of Government Transparency Andrew Williams* Business School, University of Western Australia
Abstract The release of economic and social data by a government provides many benefits to its citizens on a number of different levels. However, this willingness (or otherwise) to release information to the public may also be useful as a signal of the degree of political and institutional transparency. To that end, a new index is developed that has extensive coverage across countries (175) and time (1960–2005), and is based on the quantity of reported socio-economic data contained in the World Development Indicators and the International Finance Statistics databases. This chapter briefly outlines the construction of this index, and introduces a number of case studies and illustrations that highlight the importance of transparency in economic development. Keywords: Transparency, institutional quality, information asymmetries. JEL Classification: O17, O47, P14. * Mail Box M251, 35 Stirling Hwy, Crawley, WA, 6009. Tel.: +61 8 6488 3859. Correspondence should be sent to Andrew Williams (E-mail: Andrew.Williams@uwa.edu.au).
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