Industrial endogenous development in Iran and selected countries
Subject Areas : Labor and Demographic Economics
Mirabdollah
Hosseini
1
(Assistant Professor, Department of Economics, Institute of Business Studies and Research, Tehran, Iran)
Lotfali
Agheli
2
(Associate Professor, Department of Economics, Institute of Economics, Tarbiat Modares University, Tehran, Iran)
Keywords: Human Capital, O18, infrastructure, institutions, JEL Classification: E02, J68, A12. Keywords: Manufacturing Industries Endogenous Development (MIED),
Abstract :
This paper attempts to conceptualize and examine regional endogenous development model for World’s regions and Iran. The work presented here contributes to the design of Manufacturing Industries endogenous development model (MIEDM) which is tested in the World by assessing the domestic forces and drivers of development based in World Selected Countries. The paper introduces a conceptual model for the study and then develops and tests the model with data for the primary Countries of the World. Large and positive correlation is found between measures of latent and explanatory independent and dependent variables in the regional endogenous model. Specifically it is found that such endogenous factors as Institution, human Capital, Entrepreneurship, Leadership, Innovation and Resource Endowment are critical driving force for achieving increased regional productivity and thus tailoring of polices to support regional endogenous development. Based on the results, it is suggested that planners and policy makers consider the capacity and ability of industries to adapt positively to the situation.
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