This study examined the role of governance in economic growth for 19 emerging economies and Taiwan. A set of panel data was constructed for the period from 2003 to 2011, and a fixed effects model was employed to estimate the effect of various governance indicators on the GDP per capita growth rate, consumer inflation, and government expenditure. The World Bank's Worldwide governance indicators (voice and accountability, political stability, absence of violence and terrorism, government effectiveness, regulatory quality, rule of law, and control of corruption) were adopted for this thesis. The Global Insight Database provided information regarding consumer inflation indices and government expenditures. The emerging economies were divided into groups to more clearly understand the relationship between governance and economic growth. Each variable significantly positively affects economic growth. Hence, government policies that improve the quality of governance according to various indicators and in multiple regions should be emphasized.