Version 1
: Received: 16 January 2023 / Approved: 31 January 2023 / Online: 31 January 2023 (04:39:04 CET)
How to cite:
Laureti, L.; Costantiello, A.; Leogrande, A. The Role of Government Effectiveness in the Light of ESG Data at Global Level. Preprints2023, 2023010572. https://doi.org/10.20944/preprints202301.0572.v1
Laureti, L.; Costantiello, A.; Leogrande, A. The Role of Government Effectiveness in the Light of ESG Data at Global Level. Preprints 2023, 2023010572. https://doi.org/10.20944/preprints202301.0572.v1
Laureti, L.; Costantiello, A.; Leogrande, A. The Role of Government Effectiveness in the Light of ESG Data at Global Level. Preprints2023, 2023010572. https://doi.org/10.20944/preprints202301.0572.v1
APA Style
Laureti, L., Costantiello, A., & Leogrande, A. (2023). The Role of Government Effectiveness in the Light of ESG Data at Global Level. Preprints. https://doi.org/10.20944/preprints202301.0572.v1
Chicago/Turabian Style
Laureti, L., Alberto Costantiello and Angelo Leogrande. 2023 "The Role of Government Effectiveness in the Light of ESG Data at Global Level" Preprints. https://doi.org/10.20944/preprints202301.0572.v1
Abstract
In this article we estimate the level of Government Effectiveness-GE in 193 countries in the period 2011-2020 using data of the ESG World Bank Database. Different econometric techniques are used i.e. Panel Data with Random Effects, Panel Data with Fixed Effects, and Pooled OLS. Results show that GE is positively related among others to “Control of Corruption”, “Political Stability and Absence of Violence/Terrorism”, and negatively associated with “Percentage Annual GDP Growth”. We perform a cluster analysis with the k-Means algorithm optimized with the Elbow Method and we find the presence of four clusters. Finally, we confront eight machine learning algorithms for the prediction of GE. Results show that the Polynomial Regression is the best predictive algorithm. The value of GE is expected to growth on average by 15.97%.
Keywords
analysis of collective decision-making; general; political processes: rent-seeking; lobbying; elections; legislatures; and voting behavior; bureaucracy; administrative processes in public organizations; corruption; positive analysis of policy formulation; implementation
Subject
Business, Economics and Management, Economics
Copyright:
This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
