“…We expect that, according to our Review of Literature (Section ), the following variables will exert a positive effect on the WGI for a given country: the value of domestic savings (according to Lord & Rangazas, , and Mayo & Tinsley, ), the value of health expenditures per capita (following Onwujekwe et al, , and Salter, ), and the size of the workforce (following Brechet & Lambrecht, , and Brandt et al, ). However, we also expect that the level of personal remittances received (as a percentage of GDP) reduces the magnitude of the WGI for a country, which follows Licuanan et al (), Beyene (), and Akkoyunlu (). Recall that, although we must control for the values of real GDP per capita (Armellini & Basu, ; Heinemann, ) and the level of corruption (Borck, ; Persson & Tabellini, ), we do not have prior expectations regarding the signs of the estimated coefficients for these variables.…”