ATKINSON, Michael M.Murray Fulton2026-02-172026-02-172017https://nigeriareposit.nln.gov.ng/handle/20.500.14186/2450In recent years there has been a marked increase in interest in what constitutes good government, good governance and quality of government. In addition to a broad consensus that government is no longer the key player in governing the economy, a concern has emerged that pursuing economic growth alone will not generate the best outcomes for society. In this paper we examine these questions through a political economy model of governance in which power, economic payoffs and governance arrangements co-develop.■ A political economy model of good governance ■ Figure 1The political economy of governance arrangements ■ The economics and politics of governance ■ Figure 2 Payoffs and power ■ Corruption ■ Figure 3 Corruption and governance ■ Ignorance ■ Figure 4 Power, governance and transaction costs ■ Figure 5 Power, governance and the failure to foresee conflictenBook