Degree Name

Master of Arts (MA)

Semester of Degree Completion

2017

Thesis Director

Ahmed S. Abou-Zaid

Abstract

In the light of growing interest in the relationship between governance and economic growth, this research uses pooled cross-country times series for the time span 2002-2014 to investigate the impacts of governance and other growth determinants on economic growth of low-income, lower-middle income, and upper-middle income economies. This paper contributes to the literature on governance, economic development indicators, and economic development in novel ways. The research finds that governance is highly positively associated with economic development in developing countries regardless of their level of income. Moreover, while the research concludes that voice and accountability, political stability, and rule of law are positively and significantly related to economic development of Low Income economies, it suggests that political stability, government effectiveness, regulatory quality, and control of corruption make a great deal to economic development of Lower Middle-Income countries. It also indicates that voice and accountability, government effectiveness, regulatory quality, and rule of law are highly positively correlated with economic growth of Upper Middle-Income Economies. However, the results might contradict with other studies if other researchers include in their sample countries from different income groups. Therefore, the policy recommendations should be used cautiously.

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