Analyzing the role of moderating good governance in the relationship between globalization and economic growth in developing countries

The purpose of the present study is to examine the moderating role of good governance in the relationship between globalization and economic growth in developing countries. Four models were used in this study and the coefficients of indices in these four models were measured with and without control indices. The method of data analysis using the unbalanced panel data method is the GLS. The study used data from 132 developing countries between 2007 and 2017. The model estimation results show that the governance index has a positive and significant effect on the economic growth index and also the globalization index has a positive and significant effect on the economic growth and finally good governance as a moderating variable in the relationship between globalization index and economic growth. It has a positive and significant effect. The results show that good governance by providing business and investment opportunities can enhance the impact of globalization on economic growth. Good governance by focusing on improving the efficiency of the economy contributes to the growth and expansion of globalization.