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Recognition and Explaining the Effect of Competitiveness and Knowledge-based Economics Indicators on the Resilience of Iran's Economy

Author

Listed:
  • Peymaneh, Farahnaz

    (Ph.D. student in Economics, Islamic Azad University, Kerman)

  • Zayanderoody, Mohsen

    (Associate Professor of Economics, Islamic Azad University, Kerman)

  • Jalaee, Seied Abdolmajid

    (Professor of Economics, Shahid Bahonar University, Kerman)

Abstract

The resilience index refers to the ability of a system to absorb turmoil and reorganization so that the system still maintains the task, structure, specifications, and feedback. This concept was introduced after the 2008 financial crisis economic issues, and its goal is to assess the capability of economic compatibility of a country with shocks and, ultimately, the potential return to the equilibrium level. Under the conditions of the Iranian economy, due to the practice of sanctions in recent years, which has faced many challenges, evaluating the resilience level of different channels is essential. So, this study investigates the effect of competitiveness and knowledge-based economics on the Resilience of the Iranian economy from 1985 to 2019, with mixed frequency, annual and seasonal, using the ARDL-Midas method. The results indicate that in the short-term and long-term periods, the variables of trade (Competitiveness) and innovation (Knowledge-based Economics) on the resilience index have a positive and significant effect. Also, the variables of the ratio of oil revenues to GDP and foreign direct investment have had a positive and significant impact on Resilience, and the variables of government size and inflation rate have had a negative and significant effect on Resilience. Therefore, creating appropriate infrastructure is recommended to use the benefits of the knowledge base and expand competitiveness levels

Suggested Citation

  • Peymaneh, Farahnaz & Zayanderoody, Mohsen & Jalaee, Seied Abdolmajid, 2024. "Recognition and Explaining the Effect of Competitiveness and Knowledge-based Economics Indicators on the Resilience of Iran's Economy," Quarterly Journal of Applied Theories of Economics, Faculty of Economics, Management and Business, University of Tabriz, vol. 11(1), pages 207-240, June.
    • Handle: RePEc:ris:qjatoe:0335
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    More about this item

    Keywords

    Competitiveness; Knowledge-based Economics; Resilience; Mixed Frequency Data Sampling (MIDAS); ARDL;
    All these keywords.

    JEL classification:

    • A10 - General Economics and Teaching - - General Economics - - - General
    • B40 - Schools of Economic Thought and Methodology - - Economic Methodology - - - General
    • B41 - Schools of Economic Thought and Methodology - - Economic Methodology - - - Economic Methodology
    • C32 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes; State Space Models
    • D89 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Other

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