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Investigating the Effect of the Composite Index of Knowledge-based Economy on the Economic Reflection of Selected Islamic Countries
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Mohammad Ghafari Fard *   , Abolfazl Ghiasvand , Aref Mousavi |
| Ahlul Bayt International University |
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Abstract: (28 Views) |
Today, economic resilience means preservation and performance after the occurrence of shocks or the ability to recover against impulses in the economy of countries. Resilience is one of the most important issues that has drawn the attention of all the experts in the world, or economic resilience is a relatively emerging concept in economic research. As flexibility increases in a country, the ability to absorb new technologies increases, as a result, it increases human capital and its application increases the productivity of the total factors of production or increases the combined indicators in basic economics. Considering the importance of the topic, in this present research, the study of the effect of the composite index of economics based on the economic reflection of the selected Islamic countries has been done. The model of this research has been completely modified after the tests using panel data econometric method of least squares. The result obtained shows that there is a positive and significant relationship between the combined indicators of basic economics and economic resilience. If the combined indicators of basic economics increase in Islamic countries, economic resilience will increase. In addition, the increase in GDP, the formation of fixed capital, increases economic resilience in Islamic countries, the increase in unemployment and inflation in Islamic countries has the opposite effect on economic resilience, or it causes a decrease in economic resilience in Islamic countries.
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| Keywords: Composite Indicators of Basic Economics, Economic Resilience, Panel Data, Fully Modified Least Squares |
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Full-Text [PDF 902 kb]
(27 Downloads)
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Type of Study: Research |
Subject:
General
Received: 2023/02/23 | Accepted: 2024/12/28 | Published: 2024/08/31
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