Impact of Development Strategy on Economic Growth of Iran: New Structural Economics Perspective

Ahmadi Hajiabadi, Seyedrohollah; Ul-Haq, Jabbar; Visas, Hubert

doi:10.22099/ijes.2022.42192.1795

Document Type : Research Paper

Authors

¹ Department of Economics, Damghan University, Damghan, Iran.

² Department of Economics, university of Sargodha, Pakistan

³ school of international Trade and economics, university of international business and economics, Beijing, china.

10.22099/ijes.2022.42192.1795

Abstract

The present paper aims to test the new structural economics hypothesis in regard to the effect of development strategy on economic growth in a country that has witnessed an eight-year war and has suffered severe sanctions i.e., Iran. According to the new structural economics, if a country adopts a comparative advantage defying strategy, it will have poor growth performance. In contrast, to have a strong economic growth, it should employ a comparative advantage following strategy. the technology choice index (TCI) is utilized as a proxy of development strategy. Based on this indicator, increasing of TCI means that a country is conducting a comparative advantage defying strategy. The relationship is estimated by the ARDL bounds test approach. To run the model, the technology choice index (TCI), and a variety of control variables were included in the model. Hence, time-series data was collected from reliable databases for the period 1979-2018. The results in which their stability is checked, reveal a negative effect of adopting a comparative advantage defying strategy on economic growth, which supports Lin's hypothesis. In other words, it is shown that by increasing TCI, economic growth is declined significantly. So, to achieve economic growth, a kind of development strategy should be adopted that is based on pursuing comparative advantages.

Keywords

Main Subjects

Macroeconomics

Article Title [Persian]

اثر استراتژی توسعه بر رشد اقتصادی ایران: رویکرد اقتصاد ساختارگرایی جدید

Authors [Persian]

سید روح اله احمدی حاجی آبادی ¹
جبار الحق ²
هوبرت ویساس ³

¹ گروه اقتصاد، دانشگاه دامغان، دامغان، ایران.

² گروه اقتصاد، دانشگاه سارگودا، پاکستان

³ دانشکده تجارت و اقتصاد بین الملل، دانشگاه تجارت بین الملل و اقتصاد، پکن، چین.

Abstract [Persian]

مقاله حاضر با هدف آزمون فرضیه اقتصاد ساختارگرای جدید با توجه به تأثیر استراتژی توسعه بر رشد اقتصادی در کشوری که شاهد جنگ هشت ساله بوده و تحریم های شدیدی را متحمل شده، یعنی ایران می باشد. بر اساس دیدگاه اقتصاد ساختارگرای جدید، اگر یک کشور استراتژی مخالف مزیت نسبی را اتخاذ کند، عملکرد رشد ضعیفی خواهد داشت. در مقابل، برای داشتن یک رشد اقتصادی قوی، باید از استراتژی پیروی از مزیت نسبی تبعیت کند. شاخص انتخاب فناوری (TCI) به عنوان نماینده استراتژی توسعه استفاده می شود. بر اساس این شاخص، افزایش TCI به این معنی است که یک کشور در حال اجرای استراتژی نادیده گرفتن مزیت نسبی است. این رابطه با رویکرد آزمون کرانه های ARDL برآورد شده است. برای اجرای مدل، شاخص انتخاب فناوری (TCI) و انواع متغیرهای کنترلی در مدل گنجانده شد. از این رو، داده های سری زمانی از پایگاه های داده قابل اعتماد برای دوره 1979-2018 جمع آوری شد. نتایجی که ثبات آنها بررسی شده است، تأثیر منفی اتخاذ استراتژی مقابله با مزیت نسبی بر رشد اقتصادی را نشان می‌دهد که از فرضیه لین پشتیبانی می‌کند. به عبارت دیگر، نشان داده می شود که با افزایش TCI، رشد اقتصادی به طور قابل توجهی کاهش می یابد. بنابراین برای دستیابی به رشد اقتصادی باید نوعی استراتژی توسعه اتخاذ شود که مبتنی بر پیروی از مزیت نسبی باشد.

Keywords [Persian]

اقتصاد ساختاری جدید
مزیت نسبی
استراتژی توسعه
ARDL
ایران

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Iranian Journal of Economic Studies

Impact of Development Strategy on Economic Growth of Iran: New Structural Economics Perspective

References

References

Volume 10, Issue 2 - Serial Number 20
December 2021
Pages 473-487

Impact of Development Strategy on Economic Growth of Iran: New Structural Economics Perspective

References

References

Volume 10, Issue 2 - Serial Number 20December 2021Pages 473-487

Volume 10, Issue 2 - Serial Number 20
December 2021
Pages 473-487