Afife Vosoughi
Abstract
In recent years many indices have been developed to measure the vulnerability and resilience of economies to external shocks. The development of composite indicators to quantify these concepts has received particular attention in economic literature. This study aims to investigate the impact of economic ...
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In recent years many indices have been developed to measure the vulnerability and resilience of economies to external shocks. The development of composite indicators to quantify these concepts has received particular attention in economic literature. This study aims to investigate the impact of economic vulnerability and resilience on volatilities of Gross Domestic Products (GDP) per capita in 106 countries by using panel data during period 2000-2014. To conduct this study, economic vulnerability and resilience indices have been constructed using Briguglio method. We also use Hodrick-Prescott filter to estimate GDP per capita volatilities. The results of this research indicate that: first, economic vulnerability has a significant positive effect on volatilities of GDP per capita. Second; economic resilience has a significant negative impact on volatilities of GDP per capita. Third, Iran has low resilience and high vulnerability because of high export concentration, inappropriate macroeconomic conditions and weakness of good governance.
abolfazl ghiasvand; fatemeh abdolshah
Volume 15, Issue 59 , January 2016, , Pages 161-187
Abstract
In this paper, resilience of an economic system is measured by an overall index, based on the Borman et al. index, for the period of 1996-2013. The results are then compared with Briguglio index. To measure the final index, the first step is to make variables have a similar direction. The second step ...
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In this paper, resilience of an economic system is measured by an overall index, based on the Borman et al. index, for the period of 1996-2013. The results are then compared with Briguglio index. To measure the final index, the first step is to make variables have a similar direction. The second step is normalization of variables that their values reside between zero and one. In the last step we calculate the weighted average of variables. The value of Resilience Index is between zero and one. The closer the index to zero, the less resilient will be the economic system. In versus, The closer the index to one, the more resilient the economy. The results show that resilience was low during whole the period under consideration. Resilience reached its peak in 2001, because the budget deficit and inflation rate were reduced and governance has been improved. Then the trend started to decline. The Resilience index reached its minimum level after year 2007. According to the indeces, the main reasons were governance and market efficiency indeces.
Ali Faridzad; Habib Morovvat
Volume 15, Issue 58 , October 2015, , Pages 1-36
Abstract
Resilience economy as a new subject is considered for Iranian economic policies since 2013. Applying mainstream economic theories for solving economic issues in Iran is the main concern of general policies on resilience economy. Accordingly, evaluation of vulnerability of economic sectors regarding to ...
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Resilience economy as a new subject is considered for Iranian economic policies since 2013. Applying mainstream economic theories for solving economic issues in Iran is the main concern of general policies on resilience economy. Accordingly, evaluation of vulnerability of economic sectors regarding to international sanctions can identify the vulnerable sectors with the purpose of planning and executing economic resilience policies. In this study, intermediate import decomposition is used for identifying import dependence of sectors and the method of mixed variable input-output model based on constrained supply approach is applied regarding the year 2011 input-output table which is aggregated for 9 sectors. Results show that first, regarding to the constraines of supply based on import dependence of each sector, the sectors of industry and mine sector, water, electricity and natural gas distribution services and construction are the most vulnerable sectors and second, the economic sectors which have more shares in Iran aggregate import aren’t more vulnerable necessarily.
