The impact of economic complexity and trade openness on gross domestic product growth in oil-producing countries
الموضوعات :
Tayebeh Shahriyar
1
,
Somaye Shokravi
2
1 - Department of Economics, Islamshahr Branch, Islamamic Azad University, Islamshahr, Iran
2 - Department of Economics, Islamshahr Branch, Islamic Azad University, Islamshahr, Iran
تاريخ الإرسال : 07 السبت , ذو القعدة, 1444
تاريخ التأكيد : 28 الثلاثاء , محرم, 1445
تاريخ الإصدار : 17 الجمعة , جمادى الأولى, 1445
الکلمات المفتاحية:
Economic complexity,
gross domestic product growth,
oil-producing countries,
Degree of trade openness,
ملخص المقالة :
The present study aims to investigate the impact of economic complexity and degree of trade openness on gross domestic product growth in oil-producing countries. It applies a descriptive methodology along with a correlational research design. The relationship between the variables is analyzed using the data collected from the World Bank website and the International Monetary Fund. In other words, this research enjoys an ex post facto design, which is quasi-experimental. Moreover, it is categorized as a library, analytical, and causal study which is based on panel data analysis. All the oil-producing countries form the population of the study as a case study from 2006-2020, from which 10 countries are chosen as the statistical sample. The results of the study revealed that economic complexity and trade openness impact gross domestic product growth in a significant manner.
المصادر:
A. Maleksadati (2014). Economic complexity index and its relation to institutional structure in a comparative study in Iran, South Korea, and Turkey. The first sustainable development conference based on the business climate improvement
M. & Motmeni. M (2021). Human capital and economic complexity in Iran. Sustainable development and growth journal (economic research). 20 (3). 145-166.
A. & Nademi. Y. (2022). Trade openness in developing countries. P 3
M. & Khoda parast pirsaraii. N. (2019). Effects of export complexity and economic freedom on economic growth in a group of oil-exporting countries. The economic journal, 19 (75). 149-189.
Emadi Far. F. & Tabatabaii Nasab. Z. (2017). The effects of economic complexity on economic growth in the countries associated with ECO. The third international economy, management, and accounting conference with a value creation approach.
H. Allai. M. & Asgharzade. A. (2015). Investigation of the effective factors in the financial development of the countries associated with the organization of Islamic conference (OIC), Macro strategies, 2 (6). PP 25-37.
Tayebeh Shahriyar, Somayeh Shokravi, Ali Asghar Lotfi 2023, Evaluation of the effect of financial development and human capital on gross domestic product growth, journal of Agricultural Marketing and Commercialization ISSN in printing
Abdan, S, et al. (2013). Complexity, Specialization and Growth, ADB Economics Working Paper Series, No.344.
Akpan, E, Nwosu, G, Eweke, (2017), Causality between Non-Oil Export, Financial Sector Development and Economic Growth:Evidence from Nigeria, Journal of Mathematical Finance, 7, 39-53.
Bacate, M. & Felipe, J. (2010). Product Complexity and Economic
Development, levy Economics Institute. Working Paper No.616.
Sivash Saleh Zia Bari, Akbar Bagheri, Somayeh Shokravi ,2021, Investigating the effect of fluctuations of economic variables affecting the profitability of Iran Khodro manufacturing company, journal of Agricultural Marketing and Commercialization ISSN print: 2676640X online: 2676-7570
Cheshomi, A. & AbdolMaleki, S. (2013). Economic Complexity Index of comparative institutional structure and its relationship with Iran, Korea and Turkey, the first conference on sustainable development by improving the business climate.
Mojtaba Jameh Bozorgi , Akbar Bagheri , Asghar Karami,2022 Investigating relationship between types of cash and profitability based on economic , accounting and consolidated approaches , journal of Agricultural Marketing and Commercialization ISSN print : 2676640X online 2676-7570
Hausmann, R.&Hidalgo, C. (2013). “The network structure of economic output”, Journal of Economic Growth, 16, 309-342.
Sharif Fallah , Soleiman Rasouli Zar ,Loghman Rashid pour ,2018 Study the effective components in the whaet decrement (case study Mahabad township ) journal of Agricultural Marketing and Commercialization 1(2), 49-60
Hidalgo, C. A., & Hausmann, R. (2009). The building blocks of economic complexity. Proceedings of the national academy of sciences, 106(26), 10570-10575.
Patrick, H (1966), Financial Development and Economic Growth in underdeveloped countries, Economic development and cultural change, 12(2), pp: 174-89.
Poncet, C.M. and Waldme. H. (2012), “Complexity and economic growth in China”, Journal of International Money and Finance 25/5, pp. 719-740.
Antonietti, R., & Franco, C. (2021). From FDI to economic complexity: a panel Granger causality analysis. Structural Change and Economic Dynamics, 56, 225-239.
Riman, H.B., Akpan, E.S., Offiong, A.I. and Ojong, C.M. (2013) Nexus between Oil Revenue, Non-Oil Export and Industrial Output in Nigeria: An Application of the VAR Model. International Journal of Financial Economics, 1, 48-60.
Sadeghi, P., Shahrestani, H., Kiani, K. H., &Torabi, T. (2020). Economic complexity, human capital, and FDI attraction: A cross country analysis. International Economics, 164, 1