Mohsen Mohammadi Khyareh; Nasrin Rostami
Abstract
Many scholars emphasize the importance of economic competitiveness in the improvement of economic growth. However, studies that quantitatively analyze the interconnection between different components of competitiveness in one economy and their impact on economic growth are very limited. Therefore, the ...
Read More
Many scholars emphasize the importance of economic competitiveness in the improvement of economic growth. However, studies that quantitatively analyze the interconnection between different components of competitiveness in one economy and their impact on economic growth are very limited. Therefore, the purpose of this study is to fill the gap in the literature on economic growth and study the effect of competitiveness in different stages of economic development. In this regard, using the data of 81 countries of the World Economic Forum (WEF) in three groups of resource-, efficiency- and innovation-driven countries for years 2008-2017, the relationship between national competitiveness and economic growth is examined through the econometric model of generalized method of Moments (GMM). Our results indicate that the impact of institutions, infrastructure, higher education, business complexity and innovation on economic growth is positive and significant in all three groups of countries. In addition, the impact of labor market efficiency, financial market development and macroeconomic stability has been significant only in inefficiency - and innovation-driven, and the impact of primary education and health had been meaningful only in resource-driven countries. In addition, the effect of the goods market efficiency and market size on economic growth has been significant only in innovation-driven countries and technology-readiness was significant in all but innovation-driven countries. In summary, our estimation results indicate that the impact of competitiveness components on economic growth in different countries varies according to their stage of development.
Ali Jamali; Abbas Ebrahimi; Adel Afkhami
Volume 12, Issue 44 , April 2012, , Pages 47-71
Abstract
In recent years, regarding to the general policies of 44 principle of fundamental law and government policies for highlighting role of private sector in economic activities, many companies of different and new fields have entered in stock exchange market. This entering has lead to increase in number ...
Read More
In recent years, regarding to the general policies of 44 principle of fundamental law and government policies for highlighting role of private sector in economic activities, many companies of different and new fields have entered in stock exchange market. This entering has lead to increase in number of industries in this market. These industries can have critical role in increasing non-oil exports and situation of social welfare. Decision-making, on which industries, by regarding country's situation to increase in non-oil exports may have relative advantage, is important for policy makers in Iran. Therefore, this research has been considered for performance appraisal and ranking different industries in Tehran exchange market based on historical financial and competitiveness indices. In this paper, at first step, Herfindal index and some other filters for measuring degree of monopolies of industries has been used to decrease the number of industries in order selection the best and verified ones. At the second step, we ranked the industries by use of multi criteria decision-making technique-TOSIS. Finally, the results of this ranking are described and the usefulness of this model for ranking is been counted.