Template-Type: ReDIF-Article 1.0
Author-Name: Hamoun  Doroudi
Author-Name: Fateme Helma Ghasemi Goudarzi
Author-Name: Bijay Kumar Kandel
Title: The effect of the competitiveness index on economic growth, with an emphasis on institutional and structural variables: 10 selected countries exporting oil
Abstract: Reaching long-term sustainable economic growth is very important for every country. Almost all macro-economic policies in a country founded based on rational criteria and indicators of competitiveness of the economic, social, and cultural country can be a vital element of sustainable economic growth. This paper tries to investigate the impact of the competitiveness index on economic growth with the emphasis on institutional variables and structural changes and for this purpose, it used the combined data of 10 oil-exporting countries, during the period (2000-2017) through the generalized method (GMM). Independent variables include: Capital stock per capita, labor, structural change index, competitiveness index, international indicator risk of the countries, and the dependent variable for per capita growth economy is GDP. The estimation results show that the increase in the competitiveness index leads to increasing economic growth as well as effects of structural index on economic growth is positive and significant, and increasing the international risk countries (Institutional Index) has a negative effect on economic growth which is based on theoretical principles
Keywords: economic growth competitiveness index; institutional variables; structural variables
Journal: Philosophy, Economics and Law Review
Pages: 85-95
Volume: 2
Issue: 2
Year: 2022
Month: December
DOI: https://doi.org/10.31733/2786-491X-2022-2-85-95
File-URL: https://phelr.com.ua/web/uploads/pdf/articl_DOROUDI+.pdf
File-Format: Application/pdf
Language: en
Handle: RePEc:cxt:phelrj:v:2:y:2022:i:2:p:85-95