Investigating the effect of growth of knowledge-based economy index on the growth of institutional and economic regime (Business convenience) on Islamic countries (using panel model)

Subject Areas : business management

meghdad mahmoudi ¹ , nemat falihipirbasti ² , marjan damankeshideh ³ , shariyar nessabian ⁴

1 - Department of Economics, Central Tehran Branch, Islamic Azad University, Tehran, Iran
2 - Department of Economics, Central Tehran Branch, Islamic Azad University, Tehran, Iran
3 - Department of Economics, Central Tehran Branch, Islamic Azad University, Tehran, Iran
4 - Department of Economics, Central Tehran Branch, Islamic Azad University, Tehran, Iran

Received: 2021-04-22 Accepted : 2021-05-10 Published : 2021-09-23

Keywords: Knowledge base, Islamic Countries, Economic index, institutional and economic regime (ease of business),

Abstract :

In this article, the research examines the effect of knowledge-based economy growth index on the growth of institutional and economic regime (ease of business) on Islamic countries (using the panel model). They are a large part of the Muslim population. Based on the availability of information from the study countries, including; Azerbaijan, Jordan, Uzbekistan, Indonesia, Iran, Pakistan, Tajikistan, Turkey, Tunisia, Sudan, Kyrgyzstan, Kazakhstan, Lebanon, Egypt, India. The scope of the research is from 2009 to 2019. To collect the required statistics and quantitative information, statistical tables and global databases and the International Monetary Fund have been used, and the structural self-regression panel economics model has been used. Using Fisher test and Johansen co-integration test, static and long-run relationships of variables were examined. It was shown that all variables are at zero level and based on the results of effect statistics and maximum eigenvalue, there are five long-term relationships at 0.95 level between variables. Then, using shock analysis and analysis of variance, it was shown that the growth of knowledge-based economy index affects the growth of institutional and economic regime (ease of business) in Islamic countries.