خلاصه
1. مقدمه
2. بررسی ادبیات
3. داده ها، مشخصات مدل، و روش
4. نتایج و یافته های تجربی
5. بحث ها و پیشنهادات خط مشی
6. نکات پایانی و مفاهیم
تایید اخلاق و رضایت برای شرکت
رضایت برای انتشار
در دسترس بودن داده ها و مواد
منابع مالی
اعلامیه منافع رقابتی
بیانیه مشارکت نویسنده CRediT
مواد تکمیلی
منابع
Abstract
1. Introduction
2. Literature review
3. Data, model specification, and methodology
4. Empirical results and findings
5. Discussions and policy suggestions
6. Concluding remarks and implications
Ethics approval and consent to participate
Consent to publish
Availability of data and materials
Funding
Declaration of Competing Interest
CRediT authorship contribution statement
Supplementary materials
References
چکیده
کشف نقش عوامل تغییر ساختاری برای رشد پایدار در اقتصادهای توسعه یافته مهم است. پیچیدگی اقتصادی، کیفیت محصول صادراتی و شاخصهای نهادی نشاندهنده تغییر و تحول ساختاری کلی در یک اقتصاد است. این مقاله تأثیر کیفیت محصول صادراتی و اقتصاد پیچیدگی را بر رشد اقتصادی 28 کشور OECD (سازمان توسعه و همکاری اقتصادی) با استفاده از دادههای سالهای 1990 تا 2019 مورد بررسی قرار داد. برای انجام این کار، این مطالعه از دادههای اقتصادسنجی سه پانل استفاده میکند. مدلهایی برای بررسی نقش پیچیدگی اقتصادی، کیفیت صادرات و کیفیت نهادی بر توسعه اقتصادی. این مقاله آزمونهای تجربی را انجام میدهد، از جمله روشهای وابستگی مربوط به مقطع و تکنیکهای همانجمادی. طبق نتایج حاصل از تخمین OLS (FMOLS) و دینامیک OLS (DOLS)، کیفیت صادرات و توسعه مالی به طور مثبت و قابل توجهی بر رشد در بلندمدت تأثیر می گذارد. نتایج تجربی بحث مفصلی را در مورد رشد پایدار گزارش میکند و پیامدهای جدید مربوط به کیفیت محصول و عملکرد سازمانی را مورد بحث قرار میدهد. این نتایج بر پیامدهای عملی برای رشد اقتصادی پایدار اقتصادهای OECD تاکید می کند.
توجه! این متن ترجمه ماشینی بوده و توسط مترجمین ای ترجمه، ترجمه نشده است.
Abstract
It is important to unearth the role of structural change factors for sustainable growth in developed economies. Economic complexity, export product quality, and institutional indicators represent the overall structural change and transformation in an economy. This paper probed the influence of export product quality and economics of complexity on economic growth for 28 OECD (Organization for Economic Co-operation and Development) countries using the data from 1990 to 2019. In doing so, the study employs three-panel data econometric models to investigate the role of economic complexity, export quality, and institutional quality on economic development. The paper performs the empirical tests, including the cross-sectional related dependency methods and cointegration techniques. As per the results emerging from fully modified OLS (FMOLS) and dynamic OLS (DOLS) estimation, export quality and financial development positively and significantly strongly impact growth in the long run. The empirical conclusions report detailed discussion on sustainable growth and discuss novel implications concerning product quality and institutional performance. The conclusions stress the practical implications for sustainable economic growth of OECD economies.
Introduction
Over the last decade, there has been rising research in describing and analyzing countries’ productive structures. New measures of the economic complexity index have been developed to determine the sophisticating nature of the procedure of production making and gains from trade. According to Hidalgo and Hausmann (2009), the economic complexity helps to analyze countries’ productive capacities and the product quality of exports. Since they are more effective in estimating economic growth than traditional predictors, like GDP per capita, they are now widely used (Hausmann et al., 2014). Economic complexity occurs in a country if it can produce diversified products and export products have a more complex production structure. More specifically, economic complexity is the expanse of productive knowledge a country possesses that impacts economic performance. According to Lapatinas et al. (2019), it has been observed empirically that countries with higher complexity tend to gain additionally from trade and have a high degree of trade openness. Countries with advanced levels of economic-based complexity have higher economic capabilities since they utilize more intensive technology and high skilled labor (Hartmann et al., 2017).
Concluding remarks and implications
International trade and industrial activities are conducive to the economic development of emerging and developed economies. However, the bolster economic objectives come with the repercussions of environmental externalities and structural transformation challenges. The on-hand research study is an effort to examine the heterogeneous impacts of structural change and institutional quality on economic growth. In doing so, the current study draws novel conclusions and implications regarding the sustainable development goals and sustainable growth in developed economies. This research attempted to explore the nexus among economic growth, economic complexity, export quality, financial development, human capital, renewable energy, and institutional quality for 28 OECD economies. In doing so, the study employed the annual data from 1990 to 2019 and tested three model specifications using extensive empirical analysis such as cross-sectional dependency tests by Pesaran (2015), Westerlund cointegration tests, and Pedroni cointegration tests, FMOLS, and DOLS.
The empirical results highlight that greener and renewable energy have an important role to play for industrial activities, economic development and it can act as an alternative to achieve sustainable economic growth. Export quality leads to strengthening the trade by improving the quality of products, ultimately it can lead towards the economic progress of countries. Further, it can be interpreted that overall economic complexity encompasses financial development and product complexity, both of which are conducive for the growth of the economy.