Thesis advisor: Robert Murphy / In this paper, I explore the connection between governance and economic growth. Economic growth has been a phenomenon experienced by some countries, but totally lacking in others. This paper explores the role of governance on growth, utilizing the governance indicators developed by the World Bank’s Worldwide Governance Indicators project. I develop a model that is a synthesis of the Solow Growth Model, as well as the growth models developed by Burnside and Dollar (2000) and Kaufmann and Kraay (2002). My results conclude that governance is linked with economic growth through two channels: first, governance and economic growth are positively correlated with each other; and secondly, good governance positively affects trade and investment, which then is positively associated with the growth of GDP per capita. Thus, good governance should be of the utmost concern for countries attempting to achieve growth of GDP per capita. / Thesis (BA) — Boston College, 2010. / Submitted to: Boston College. College of Arts and Sciences. / Discipline: Economics Honors Program. / Discipline: Economics.
| Identifer | oai:union.ndltd.org:BOSTON/oai:dlib.bc.edu:bc-ir_102281 |
| Date | January 2010 |
| Creators | Walton, Kevin John Davlin |
| Publisher | Boston College |
| Source Sets | Boston College |
| Language | English |
| Detected Language | English |
| Type | Text, thesis |
| Format | electronic, application/pdf |
| Rights | Copyright is held by the author, with all rights reserved, unless otherwise noted. |
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