GOVERNANCE AND SUSTAINABLE DEVELOPMENT: A PANEL DATA SAMPLE ON OECD COUNTRIES

Sustainable development advocates that the use of current resources ought to harm at least level to the use of future resources. governance has power to make the necessary common sense and versatile planning for sustainable development. the aim of this study is to analyze the impact of governance on sustainable development in oecd countries. according to the estimation results which obtained with gls (generalized least squares) method and used data covering the 1996-2012 periods, governance has a positive and significant effect on sustainable development. the higher governance level of countries has the higher sustainable development level they have. therefore, it is important to reach sustainable development based governance level in oecd countries for the sustainability of the development.