Change search
CiteExportLink to record
Permanent link

Direct link
Cite
Citation style
  • apa
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf
Governance and Economic Growth: - A Vector Autoregressive approach on the Frontiermarket
Umeå University, Faculty of Social Sciences, Umeå School of Business and Economics (USBE), Economics.
2018 (English)Independent thesis Advanced level (degree of Master (Two Years)), 10 credits / 15 HE creditsStudent thesis
Abstract [en]

Economic growth is a hot topic among economists around the world. The last century many parts of the world have faced an acceleration in the economic growth. However, that is not the case for all countries and today there is a large economic gap between the rich and poor countries. But why have some parts of the world succeeded to create economic growth while others do not?

The purpose of this study is to create a deeper understanding of the mechanism between economic growth and governance in the frontier market. To do this, a Vector autoregressive time series model will be used. The frontier market is an ad-hoc market index containing 22 countries that have not been classified as developing countries yet. In the poor parts of the world high level corruption and lack of political stability such as rule of law is a fact. Hence, the study will use control of corruption, rule of law as governance variables to investigate the association between governance and economic growth among the countries in the frontier market. Further it will investigate if there is a Granger causality between governance and economic growth and whether it is running from economic growth to governance or conversely. The results implies that there is association between governance and economic growth for Bahrain, Bangladesh, Croatia, Kazakhstan, Lebanon, Lithuania, Mauritius, Morocco, Pakistan, Romania, Slovenia, Serbia, Sri Lanka and Vietnam. But, the question remains if it is good governance that creates economic growth or if it is economic growth that creates good governance in the frontier market

Place, publisher, year, edition, pages
2018.
National Category
Economics
Identifiers
URN: urn:nbn:se:umu:diva-144502OAI: oai:DiVA.org:umu-144502DiVA, id: diva2:1180200
Available from: 2018-02-05 Created: 2018-02-05 Last updated: 2018-02-05Bibliographically approved

Open Access in DiVA

Governance and Economic Growth: - A Vector Autoregressive approach on the Frontiermarket(1414 kB)102 downloads
File information
File name FULLTEXT01.pdfFile size 1414 kBChecksum SHA-512
f3674209a49aa56acab68565b00c0d457b445858698c2a295d1360132fa5b4badd75926a17411bd556d64be2c1536824e511189ef37e7b3bcb060bb19ba97e0c
Type fulltextMimetype application/pdf

By organisation
Economics
Economics

Search outside of DiVA

GoogleGoogle Scholar
Total: 102 downloads
The number of downloads is the sum of all downloads of full texts. It may include eg previous versions that are now no longer available

urn-nbn

Altmetric score

urn-nbn
Total: 352 hits
CiteExportLink to record
Permanent link

Direct link
Cite
Citation style
  • apa
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf