Worldwide Governance Indicators

The six aggregate indicators are based on over 30 underlying data sources reporting the perceptions of governance of a large number of survey  respondents and expert assessments worldwide. Details on the underlying data sources, the aggregation method, and the interpretation of the indicators, can be found in the WGI methodology paper:

Daniel Kaufmann, Aart Kraay and Massimo Mastruzzi (2010).  "The Worldwide Governance Indicators : A Summary of Methodology, Data and Analytical Issues". World Bank Policy Research  Working Paper No.  5430

http://papers.ssrn.com/sol3/papers.cfm?abstract_id=1682130

The governance indicator dataset was initiated in 1998 and grouped in as six dimension of governance: Voice and Accountability, Political Stability and Absence of Violence, Government Effectiveness, Regulatory Quality, Rule of Law, Control of Corruption. The dataset and detailed methodological description is available at http://info.worldbank.org/governance/wgi2007

Series taken from WGI:

SeriesGovernanceEffect

SeriesGovernanceRegQual

SeriesGovWBGovMatCorrupt

SeriesGovWBGovMatPolStab

SeriesGovWBGovMatRuleLaw

SeriesGovWBGovMatVoiceAcct

Instructions on importing data from Worldwide Governance Indicators

Introduction-

This section explains the methodology that is to be followed when importing World Governance Indicators (WGI) data into Ifs. It also describes certain problems that a user might face in interpreting, understanding the data

Source- WGI data is published by the World Bank. The data is available at this website , http://data.worldbank.org/data-catalog/worldwide-governance-indicators

Types of Data-Following categories of data need to be imported into Ifs

1. GovernanceEffect-Indicator of Governance effectiveness on a scale of -2.5 to 2.5 , where higher is better
2. GovernanceRegQual-Indicator of Government regulatory quality, on a scale of -2.5 to 2.5, where a higher score is better
3. GovWBGovMatCorrupt-Indicator of Control of corruption, on a scale of -2.5 to 2.5, where a higher score indicates better control over corruption.
4. GovWBGovMatPolStab-Indicator of Political Stability and absence of violence. , on a scale of -2.5 to 2.5 where a higher score indicates higher political stability.
5. GovWBGovMatRuleLaw-Indicator of quality of rule of law, on a scale of -2.5 to 2.5, where a higher score indicates better rule of law.
6. GovWBGovMatVoiceAcct-Indicator of Voice and accountability, on a scale of -2.5 to 2.5 where a higher score indicates better Voice for citizens and higher accountability.

Country List to be Used-World Bank countries

Issues with Data import for certain countries- In certain  cases, IFs does not populate data in relation to countries such as Cape Verde, Taiwan, Ivory Coast. It is recommended, that the importer verify the data in relation to said countries in order to ensure that there are no discrepancies.