Munich Personal RePEc Archive

Analysis the Impact of Good Governance on the Non-Oil Export of Oil Exporting Countries

Mollaesmaeili Dehshiri, Hassan and Sharifi Renani, Hossein and Mirfatah, Maryam (2013): Analysis the Impact of Good Governance on the Non-Oil Export of Oil Exporting Countries. Published in: Journal of Economic Policy & Research , Vol. 8, No. 1 (15 March 2013): pp. 1-14.

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Abstract

The importance of governance, legislation, and guidance in achieving the economic growth and development is increasing day by day in scientific and political societies. Nowadays, due to high speed of science and technology production, trade and export promotion policies have a great importance and play a significant role in economic development. The economy of oil-exporting developing countries is largely dependent upon oil revenues which are mostly dominated by the governors. Therefore, the type of governance in these countries has a significant effect on economic growth and development, particularly on trade section. The main purpose of this paper is to investigate the effects of good governance on the oil exporting countries non-oil exports. For this purpose, the impact of good governance which the World Bank defines by six indicators such as: the voice and accountability, political stability, efficiency and governmental effectiveness, financial burden of regulations, rule of law, and corruption control are explained on exports, were studied for the twenty three selected oil exporting countries in 2001-2010 by using regression based on panel data. This research results have indicated that the indicators like the voice and accountability, political stability, efficiency and governmental effectiveness, financial burden of regulations would affect non-oil exports of the mentioned oil exporting countries.

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