Hamoun DOROUDI
M.Sc. (Economic Science), (Kathmandu University, University of the South Pacific), Great Britain
ORCID iD: orcid.org/0000-0001-8439-2387
hamun2roodi.hd@gmail.com
Fateme Helma Ghasemi GOUDARZI
Ph.D. Student (Economic Science), (Kathmandu University, University of the South Pacific), Great Britain
ORCID iD: orcid.org/0000-0003-4052-6413
f.ghasemigudarzi@yahoo.com
Bijay Kumar KANDEL
Ph.D. (Management) (Kathmandu University, University of the South Pacific), Great Britain; (Swiss Institute of Management and Innovation), Switzerland; (University of the South Pacific), Fiji; (UNICAF University), Cyprus
ORCID iD: orcid.org/0000-0003-3793-2410
bijaykkandel@gmail.com
UDC 330.3:330.5
DOI 10.31733/2786-491X-2022-2-85-95
Keywords: economic growth competitiveness index, institutional variables, structural variables.
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.
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