Analytical study of the impact of governance implementation on economic growth in OECD countries
Keywords:
governance, economic growth, Organisation for Economic Co-operation and Development (OECD)Abstract
This paper highlights the impact of governance implementation on economic growth in OECD countries, utilizing an analytical study of governance indicators in accordance with the economic landscape of the Organisation for Economic Co-operation and Development (OECD) member states. We selected a sample of 19 countries from the organization, namely: Austria, Belgium, Canada, Czech Republic, Denmark, Finland, France, Germany, Hungary, Italy, Japan, Korea, Mexico, Netherlands, Portugal, Spain, Turkey, United Kingdom, and the United States, covering the period from 2005 to 2021. The study's results indicate that Finland, Denmark, and the Netherlands lead the governance indicators, while Turkey and Mexico rank at the bottom. It is imperative for developing countries to strive for the implementation of various dimensions of governance, as these represent developmental goals in themselves. Decision-makers should not limit their focus to what can be executed quickly but rather prioritize steps that have a clearer and more direct impact on economic development.
Downloads
References
1. Abu Bakr Qaidoun, & Khira Maamri. (2017). E-government and its requirements in light of good governance. Journal of Entrepreneurship in Business Economics, 3(1), 45–68.
2. Adel Ben Ahmed Shalfan. (2021). The role of governance and transparency in reducing administrative corruption. Arab Journal of Administration, 41(2), 117–141.
3. Amal Ayari, & Abu Bakr Khawald. (2012). Applying governance principles in banking institutions. In First National Forum on Corporate Governance as a Mechanism to Reduce Financial and Administrative Corruption (pp. 1–10). University of Kheidar Biskra.
4. Dudin Ahmad Youssef. (2015). The importance of institutional governance in enhancing oversight and combating corruption: A case study of the Jordanian Oil Refinery Company. Zarqa Journal for Research and Human Studies, 71.
5. Ibrahim Al-Eisawi. (2003). Development in a changing world: A study of development and its indicators. Dar Al-Shorouk.
6. Kaufinann, D., Kraay, A., & Mastruzzi, M. (2010). The World Wide Governance Indicator: Methodology and analytical issues. World Bank Policy Research Working Paper (5430).
7. Manar Haddad. (2012, June). The role of corporate governance in economic development. Journal of Human Sciences, 1, 167.
8. Nasima Sharafi. (2023, July). Determining the relationship between governance indicators and foreign direct investment in Algeria using the distributed lag autoregressive model (ARDL) during the period (1996-2020). Journal of Strategy and Development, 2, 162–180.
9. OECD. (2023). OECD.org. Retrieved September 2, 2023, from https://www.oecd.org/about
10. Rawia Tawfiq. (2005). Good governance and development in Africa: An analytical study of the NEPAD initiative. Institute for Research and African Studies, Economic Integration Support Project. Cairo University.
11. Salima Ben Hussein. (2015, January). Governance… A study in the concept. Journal of Legal and Political Sciences, 6, 192–193.
12. Sayed Ali Saghiri, Imad Ghazazi, & Mohamed Boulssan. (2021). Analyzing the relationship between governance indicators and economic growth in Algeria using the distributed lag autoregressive model (ARDL) during the period (1996-2018). Journal of Economic Reforms and Global Economic Integration, 15(2), 94.
13. UNDP. (1997). Retrieved from undp.org: http://www.undp.org
Downloads
Published
How to Cite
Issue
Section
License
Copyright (c) 2025 The International tax journal
This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.
