The Study of Good Governance Effect on Economic Resilience in the Selected Oil Producing Countries with Emphasis on Corruption Control

One of the new challenges for governments is to be exposed to unforeseen events or shocks. Therefore, the need to study the types of shocks which threaten the economy and their adverse effects, has led to pay attention to the issue of resilience in the field of economics. Therefore, identifying factors affecting the promotion of economic resilience and strengthening them is of great importance. However, in recent years, much attention has been paid to the impact of governments and institutions on solving economic challenges. Here, using panel data approach based on two models has been studied this issue during the period 2006-2018. In the first model, the effect of good governance on the economic resilience of the selected oil exporting countries has been studied. In the second model, with focus on the control of corruption as one of the sub-indicators of good governance, the effect of this factor on economic resilience has been investigated. The results indicate that in the first model, good governance has a positive and significant effect on economic resilience. Also in the second model, corruption control has a positive and significant effect on economic resilience. On the other hand, other research results indicate that the variables of political stability, economic globalization and social globalization in the two models have a positive and significant effect on economic resilience.