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## The Relationship between Governance and Economic Development: An Empirical Analysis from 1996 to 2019 for Albania

#### Teuta XHINDI [1] , Olgerta IDRIZI [2]

There is an on-going debate on the effect of governance on the economic development of a country. In an effort to shed some light on this matter, this article aims to identify the relationship between good governance and economic growth in Albania, considering that good governance might create the right habitat for economic growth.The values for the good governance index are calculated using the Principal Component Analysis and the values for the World Governance Indicators – WGI for Albania, taken from the World Bank database for 1996-2019 time periods. This period coincides with a series of important transformations undertaken by governments in Albania after the fall of the communist regime in 1990. The methods used are the regression analysis and the Granger Causality test. Main results: By analyzing the 1996-2019 time period data, we conclude that Good Governance is not a statistically significant factor for economic development in Albania and the Granger causality test indicates that neither of variables causes the other.
Good Governance, economic growth, indicators, principal component analysis, Granger causality
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Birincil Dil en Sosyal Articles Yazar: Teuta XHINDIKurum: Mediterranean UniversityÜlke: Albania Yazar: Olgerta IDRIZIKurum: Mediterranean UniversityÜlke: Albania Yayımlanma Tarihi : 31 Aralık 2020
 Bibtex @konferans bildirisi { epess839326, journal = {The Eurasia Proceedings of Educational and Social Sciences}, issn = {}, eissn = {2587-1730}, address = {}, publisher = {ISRES Organizasyon Turizm Eğitim Danışmanlık Ltd. Şti.}, year = {2020}, volume = {19}, pages = {31 - 40}, doi = {}, title = {The Relationship between Governance and Economic Development: An Empirical Analysis from 1996 to 2019 for Albania}, key = {cite}, author = {Xhındı, Teuta and Idrızı, Olgerta} } APA Xhındı, T , Idrızı, O . (2020). The Relationship between Governance and Economic Development: An Empirical Analysis from 1996 to 2019 for Albania . The Eurasia Proceedings of Educational and Social Sciences , 19 , 31-40 . Retrieved from https://dergipark.org.tr/tr/pub/epess/issue/58175/839326 MLA Xhındı, T , Idrızı, O . "The Relationship between Governance and Economic Development: An Empirical Analysis from 1996 to 2019 for Albania" . The Eurasia Proceedings of Educational and Social Sciences 19 (2020 ): 31-40 Chicago Xhındı, T , Idrızı, O . "The Relationship between Governance and Economic Development: An Empirical Analysis from 1996 to 2019 for Albania". The Eurasia Proceedings of Educational and Social Sciences 19 (2020 ): 31-40 RIS TY - JOUR T1 - The Relationship between Governance and Economic Development: An Empirical Analysis from 1996 to 2019 for Albania AU - Teuta Xhındı , Olgerta Idrızı Y1 - 2020 PY - 2020 N1 - DO - T2 - The Eurasia Proceedings of Educational and Social Sciences JF - Journal JO - JOR SP - 31 EP - 40 VL - 19 IS - SN - -2587-1730 M3 - UR - Y2 - 2020 ER - EndNote %0 The Eurasia Proceedings of Educational and Social Sciences The Relationship between Governance and Economic Development: An Empirical Analysis from 1996 to 2019 for Albania %A Teuta Xhındı , Olgerta Idrızı %T The Relationship between Governance and Economic Development: An Empirical Analysis from 1996 to 2019 for Albania %D 2020 %J The Eurasia Proceedings of Educational and Social Sciences %P -2587-1730 %V 19 %N %R %U ISNAD Xhındı, Teuta , Idrızı, Olgerta . "The Relationship between Governance and Economic Development: An Empirical Analysis from 1996 to 2019 for Albania". The Eurasia Proceedings of Educational and Social Sciences 19 / (Aralık 2020): 31-40 . AMA Xhındı T , Idrızı O . The Relationship between Governance and Economic Development: An Empirical Analysis from 1996 to 2019 for Albania. EPESS. 2020; 19: 31-40. Vancouver Xhındı T , Idrızı O . The Relationship between Governance and Economic Development: An Empirical Analysis from 1996 to 2019 for Albania. The Eurasia Proceedings of Educational and Social Sciences. 2020; 19: 31-40. IEEE T. Xhındı ve O. Idrızı , "The Relationship between Governance and Economic Development: An Empirical Analysis from 1996 to 2019 for Albania", The Eurasia Proceedings of Educational and Social Sciences, c. 19, ss. 31-40, Ara. 2021

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