Governance and Growth: A Comparative Analysis between Developed and Developing Countries using Systematic Literature Review

Hendrik Dianus Pasila (), Abd. Hamid Paddu, Agussalim Agussalim and Sultan Suhab
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Hendrik Dianus Pasila: Hasanuddin University, Doctoral Program in Economics, Postgraduated Faculty of Economics and Business
Abd. Hamid Paddu: Hasanuddin University, Department of Economics, Faculty of Economics and Business
Agussalim Agussalim: Hasanuddin University, Department of Economics, Faculty of Economics and Business
Sultan Suhab: Hasanuddin University, Department of Economics, Faculty of Economics and Business

A chapter in Proceedings of the 9th International Conference on Accounting, Management, and Economics 2024 (ICAME 2024), 2025, pp 268-305 from Springer

Abstract: Abstract This study explores the impact of governance quality on economic growth in developed and developing countries. Good governance, which includes democracy, political stability, government effectiveness, regulatory quality, rule of law, and control of corruption, plays a crucial role in creating a conducive environment for economic activities. Developed countries generally have strong governance systems that support stable economic growth. In contrast, developing countries often face challenges such as corruption, political instability, and poor regulation, which reduce investor confidence and subsequently hinder economic growth. This study employs the systematic literature review (SLR) method. The analysis results indicate that although the general consensus suggests a positive relationship, the link between governance and economic growth is not always linear and can be ambiguous. Therefore, governance should be viewed as a means to achieve economic growth rather than as an end goal. Comprehensive governance reforms in developing countries can create a more stable and transparent environment, enhance economic competitiveness and social welfare, and help achieve high-income.

Keywords: Governance quality; economic growth; developing countries; developed countries; systematic literature review (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:spr:advbcp:978-94-6463-758-8_25

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DOI: 10.2991/978-94-6463-758-8_25

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