نقش اثربخشی کیفیت نهادی در رابطه بین توسعه مالی و پیچیدگی اقتصادی: شواهد تجربی از کشورهای منطقه منا

نوع مقاله : مقاله پژوهشی

نویسندگان

استادیار گروه اقتصاد، دانشگاه پیام نور، تهران، ایران

چکیده

درک عوامل تعیین کننده پیچیدگی اقتصادی به ویژه برای کشورهای منطقه خاورمیانه و شمال آفریقا که با چالش‌های زیادی برای همگام شدن با تحولات سریع در اقتصاد جهانی روبرو هستند، مهم است. هر چند بسیاری از محققان از توسعه مالی به عنوان یکی از عوامل موثر بر پیچیدگی اقتصادی یاد می‌کنند اما ممکن است توسعه مالی به تنهایی برای حصول به شبکه گسترده پیچیدگی اقتصادی، بدون چارچوب نهادی پویا، کافی نباشد. بر همین اساس این مطالعه با هدف تعیین تأثیر توسعه مالی بر پیچیدگی اقتصادی با لحاط نقش کیفیت نهادی، در کشورهای منتخب منطقه منا برای دوره زمانی 2021- 2005 با استفاده از روش حداقل مربعات معمولی اصلاح‌شده (FMOLS) صورت پذیرفت. نتایج این مطالعه نشان داد که تولید ناخالص داخلی سرانه و نهادها، تأثیر مثبت و معناداری بر پیچیدگی اقتصادی دارند. این در حالی است که تأثیر شاخص توسعه مالی بر پیچیدگی اقتصادی منفی و ناچیز می‌‌باشد با این حال ضریب متغیر تعاملی شاخص توسعه مالی و شاخص نهادی، مثبت و معنادار شده است که نشان می‌دهد توسعه مالی می‌تواند پیچیدگی اقتصادی را تنها در یک ساختار نهادی کارآمد، تقویت کند.همچنین نتایج نشان داد که مخارج تحقیق و توسعه تأثیر مثبت و معناداری بر پیچیدگی اقتصادی دارد.

کلیدواژه‌ها

موضوعات

عنوان مقاله [English]

Role of Institutional Quality Effectiveness in the Relationship Between Financial Development and Economic Complexity: Empirical Evidence from MENA Countries

نویسندگان [English]

  • Seid Hosein Izadi
  • Mohammad Mahdi Zare
  • Ebrahim Bahraminia
  • Samaneh Noraniazad
Assistant Professor, Department of Economic, Payam Noor University, Tehran, Iran
چکیده [English]

Understanding the determinants of economic complexity is particularly important for countries in the Middle East and North Africa (MENA) region, which face significant challenges in keeping pace with rapid developments in the global economy. Although many researchers identify financial development as an influential factor on economic complexity, financial development alone may not be sufficient to achieve an extensive network of economic complexity without a dynamic institutional framework. Accordingly, this study aims to examine the impact of financial development on economic complexity, considering the role of institutional quality, in selected MENA countries over the period 2005–2021 using the Fully Modified Ordinary Least Squares (FMOLS) method. The results indicate that per capita GDP and institutional quality have a positive and significant impact on economic complexity. In contrast, the effect of the financial development index on economic complexity is negative and insignificant. However, the coefficient of the interaction term between financial development and institutional quality is positive and significant, suggesting that financial development can enhance economic complexity only within an efficient institutional framework. Additionally, the results show that research and development expenditures have a positive and significant effect on economic complexity

کلیدواژه‌ها [English]

  • Financial Development
  • Economic Complexity
  • Institutional Quality
  • FMOLS Method

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