Besides infrastructure, or physical capital, the estimation includes seven growth determinants from the standard set of variables widely used in growth literature: human capital, financial debt, trade openness, government burden, governance, inflation and terms of trade shocks.16 The focus of this investigation is on physical infrastructure, or as specified in the regression: (I_{i,t}).
As part of the endogenous growth, or the decisions taken by the public sector, private sector and the whole economy, the second category structural policies and institutions includes four variables: financial depth, trade openness, government burden and governance.
People around the world are demanding much greater openness, good governance, and accountability from their governments.
The College is committed to democracy and openness in its governance.
This global initiative towards openness and better governance will be truly transformational.
And openness – in standards, governance, and ethics – must be the basis of technologists' efforts to take back the the net.
Although Japan has made substantial reforms in corporate governance, financial openness and deregulation, they are far from enough.
Above all, prophetically in view of today's events, he notes a demand for openness and more participatory governance.
Everyone knows what a difference it has made to openness and accountability of governance - including for journalists.
It is the first initiative not only towards transparency but openness; of citizens' participation in governance through participatory governance and democracy.
