The Dynamic Relationship between Good Governance and Economic Growth in Oman
This study aims to examine the dynamic relationship between good governance and economic growth in Oman. The research utilizes financial and macroeconomic data to assess this relationship and test the proposed hypotheses. The data and variables are analysed using Eviews software, employing the auto...
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| Format: | Article |
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| Language: | English |
| Published: |
Universidade de Santiago de Compostela
2024-01-01
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| Series: | Revista Galega de Economía |
| Online Access: | https://ojs3usc.devxercode.es/index.php/ubr/article/view/4598 |
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| collection | DOAJ |
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This study aims to examine the dynamic relationship between good governance and economic growth in Oman. The research utilizes financial and macroeconomic data to assess this relationship and test the proposed hypotheses. The data and variables are analysed using Eviews software, employing the autoregressive distributed lag (ARDL) model. The study findings reveal that the Foreign Investment Competitive Index plays a significant moderating role in economic growth, albeit with some negative effects. This research serves as an initial step in formulating effective policies for governing Oman's regions comprehensively. Moreover, it is expected to attract more investors to Oman by advocating stronger cooperative governance across the country. The outcomes of this study hold practical implications for policymakers seeking to foster Oman's economic growth. Additionally, scholars investigating governance and economic expansion can utilize these findings.
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| format | Article |
| id | doaj-art-36f48322e2cf4490a1401fc288422e85 |
| institution | Kabale University |
| issn | 1132-2799 2255-5951 |
| language | English |
| publishDate | 2024-01-01 |
| publisher | Universidade de Santiago de Compostela |
| record_format | Article |
| series | Revista Galega de Economía |
| spelling | doaj-art-36f48322e2cf4490a1401fc288422e852025-08-20T03:44:23ZengUniversidade de Santiago de CompostelaRevista Galega de Economía1132-27992255-59512024-01-012180The Dynamic Relationship between Good Governance and Economic Growth in Oman This study aims to examine the dynamic relationship between good governance and economic growth in Oman. The research utilizes financial and macroeconomic data to assess this relationship and test the proposed hypotheses. The data and variables are analysed using Eviews software, employing the autoregressive distributed lag (ARDL) model. The study findings reveal that the Foreign Investment Competitive Index plays a significant moderating role in economic growth, albeit with some negative effects. This research serves as an initial step in formulating effective policies for governing Oman's regions comprehensively. Moreover, it is expected to attract more investors to Oman by advocating stronger cooperative governance across the country. The outcomes of this study hold practical implications for policymakers seeking to foster Oman's economic growth. Additionally, scholars investigating governance and economic expansion can utilize these findings. https://ojs3usc.devxercode.es/index.php/ubr/article/view/4598 |
| spellingShingle | The Dynamic Relationship between Good Governance and Economic Growth in Oman Revista Galega de Economía |
| title | The Dynamic Relationship between Good Governance and Economic Growth in Oman |
| title_full | The Dynamic Relationship between Good Governance and Economic Growth in Oman |
| title_fullStr | The Dynamic Relationship between Good Governance and Economic Growth in Oman |
| title_full_unstemmed | The Dynamic Relationship between Good Governance and Economic Growth in Oman |
| title_short | The Dynamic Relationship between Good Governance and Economic Growth in Oman |
| title_sort | dynamic relationship between good governance and economic growth in oman |
| url | https://ojs3usc.devxercode.es/index.php/ubr/article/view/4598 |