Does the Simultaneous of Globalization with Innovation Affect the Economic Complexity of Selected Countries?

Document Type : Original Article

Authors

1 Professor, Department of Economics, Faculty of Social Science and Economics, Alzahra University, Tehran, Iran

2 M.A Student of economics, Bu-Ali Sina Univercity, Hamedan, Iran,

3 Ph.D Student of economics, Alzahra Univercity, Tehran, Iran

Abstract

Economic complexity is one of the main factors of economic growth and development. Therefore, the study of factors affecting economic complexity is one of the most important fields of study for economists. The approach of economic complexity is based on the concept that the products produced in the economy represent the amount of productive knowledge required in the production of their products, and assuming that countries do not produce products unless they have the knowledge and skills, the accumulation of productive knowledge Calculates the underlying economy of countries. The purpose of this study is to investigate the effect of globalization and innovation index on complexity. For this purpose, a sample of countries with a high index of globalization during the period 2008-2016 with the approach of the data panel has been used. The results of the study indicate that globalization and innovation have a positive and significant effect on economic complexity. Also, the variables of good governance index, human capital and financial development index have a positive and significant effect and the abundance of natural resources has a negative and insignificant effect in the studied countries.

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Main Subjects

References

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Innovation Management Journal
Volume 10, Issue 3 - Serial Number 37
November 2021
Pages 181-202

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History

  • Receive Date: 12 November 2019
  • Revise Date: 27 June 2021
  • Accept Date: 25 December 2021

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