Matthew Bluem MBA

Matthew Bluem, MBA

Course-contracted Associate Professor

Matt has taught business and marketing courses at Saint Mary’s since 2008. Prior to Saint Mary’s, he worked in both the banking and the non-profit sectors, most recently with a non-governmental organization (NGO) with operations in more than a dozen countries.

  • Areas of Expertise

    Political and Economic Development, Inernational Development

  • Education

    University of Minnesota: B.A., Global Studies
    Saint Mary’s University of Minnesota: MBA,
    University of Southern Mississippi: Ph.D., International Development

  • Experience
    Recent Articles:

    Political Accountability and Determinants of Governance under Principal-Agent Theory
    Matthew Bluem

    This study examines the theory that quality of governance is largely dependent upon political accountability, and that the effect of political accountability on governance varies based on three main determinants: level of democracy, level of information available to the public, and diversification of the economy (Adserà et al. 2003). With quality of governance, represented by the World Bank’s World Governance Indicators (WGI), as the dependent variable, this study considers how these three independent variables, and several control variables, affect governance quality. Incorporating data from 2010 – 2015 for 143 countries in both cross-sectional OLS and fixed effects panel regression analysis, this study finds that level of democracy has a direct relationship with voice and accountability and regularity quality, and an inverse relationship with governance effectiveness and rule of law. Information available to the public has a direct relationship with governance effectiveness, while diversification of the economy has a direct relationship with governance effectiveness and regularity quality, and an inverse relationship with rule of law and control of corruption. This research also demonstrates that several other factors affect governance quality. Level of economic development, openness to trade, level of education, size of population, freedom of the press, cell phone penetration rate, and state fragility all play a role in determining at least some aspects of governance quality. While these variables are all shown to have a significant relationship with governance, they are still only part of the equation. Future research should endeavor to enhance the current findings and strive to identify the other factors that may contribute to governance quality.