Good Governance and Economic Growth: The Case of Gulf Cooperation Council Countries

Carole Ibrahim

The aim of this research is to study the relationship between government effectiveness, control of corruption and regulatory quality on one hand, and economic growth, on the other hand, among the Gulf Cooperation Council (GCC) countries, using the panel Vector Error Correction Model (VECM) following Johansen’s procedure, for the period 2002-2015.Study findings indicate that government effectiveness, control of corruption and regulatory quality have a strong impact on economic growth in the long term. The study suggests that GCC countries and all developing countries need to improve the quality of governance to achieve sustainable growth.

DOI : https://doi.org/10.21102/irbrp.2018.03.141.08