Global competitiveness as a platform for economic success and access to higher levels of welfare and standards of living, has found a lot of importance among policymakers. Today, all developed or developing countries emphasize the importance of efficiency and productivity as one of the necessities of economic development and gaining competitive advantage in the international arena, because in the present world, competition in other world scenes has other dimensions and trying to achieve higher levels of efficiency and productivity is one of the main pillars of the competition. The purpose of this study si to analyze effects of doog market efficiency as an important component of the Global Competitiveness Index in Asian countries on economic success in the form of a Panel Vector Error Correction Model (PVECM) over the period 2008-2016. The results of this study indicated that: The positive shock of investment and technology (investment and technology improvement), in the long run have positive impact on the doog market efficiency. But the positive shock of trade (increase in trade), in the medium and long run, has a negative impact on the doog market efficiency. In this model, the positive shock in doog market efficiency (improving the doog market efficiency) in the medium and long run, has a positive impact on the economic growth rate and has a negative effect on the unemployment rate. The most important factor influencing the doog market efficiency is investment, which this variable has the most important effects on the doog market efficiency in the medium and long run.
کلید واژگان :Good Market Efficiency, Economic success, Global Competitiveness Index, Panel Vector Error Correction Model.
ارزش ریالی : 300000 ریال
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