Economic governance and growth: A review of literature

Increased global integration over the past few decades has left the countries vulnerable to economic shocks. The recent financial crisis in 2008 made the issue more prominent, calling for efficient governance of the economies. The issue of effective governance has been attracting the attention of the policymakers and the various multilateral organisations ever since. Quite a few research projects on economic governance have been undertaken at the international level with a view to promoting good governance of the economies at the national level. This paper builds on this very issue to collate the existing prominent literature analysing the relationship between economic governance and economic growth. In addition, this paper will also assemble the various empirical datasets made available till date in brief to carry out the governance research analysis. All this is aimed at providing a conceptually enhanced understanding of the field of economic governance with a view to helping fellow researchers in their efforts to carry out policy oriented academic research in future.