Worldwide Governance Indicators
The IFs system has collected information on governance quality from “Governance Matters VII: Governance Indicators for 1996–2007”, a World Bank Policy Research Working Paper published in 2008, authored by D. Kaufmann A. Kraay, and M. Mastruzzi.
These indicators are estimated based on various individual variables measuring perceptions of governance. The governance indicators dataset collected information from 25 separate data sources constructed by 18 different organizations. 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.
Series taken from WGI:
| Variable | Definition |
| SeriesGovernanceEffect | Governance quality, effectiveness (-2.5 to 2.5, higher is better) |
| SeriesGovernanceRegQual | Governance quality, regulatory quality (-2.5 to 2.5, higher is better) |
| SeriesGovWBGovMatCorrupt | Governance quality, control of corruption (-2.5 to 2.5, higher is better) |
| SeriesGovWBGovMatPolStab | Governance quality, political stability (-2.5 to 2.5, higher is better) |
| SeriesGovWBGovMatRuleLaw | Governance quality, rule of law (-2.5 to 2.5, higher is better) |
| SeriesGovWBGovMatVoiceAcct | Governance quality, voice and accountability (-2.5 to 2.5, higher is better) |
Instructions on importing data from Worldwide Governance Indicators
WGI data is published by the World Bank. The data is available at this website: http://data.worldbank.org/data-catalog/worldwide-governance-indicators. Download the whole WGI dataset through the link provided here
Specific Series Instructions & Discrepancies
SeriesGovernanceEffect/SeriesGovernanceRegQual
- When pulling data for GovernanceEffect, only use estimate data
- Prior to importing the data into IFs, empty all cells that don't contain a numerical value. This is to avoid IFs creating values to fill in those cells.