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- Title
يىاراكيرثأت ،هرازاب رب ت٠ىدوآب ىداص ىاهروشكرد بختنم
- Authors
لضفلاو شيآهى; هبيط تاغص٢; ىلع
- Abstract
The globalization of the economy, the increase in the volume of international investment, and the openness of trade have opened the door of countries to the foreign shocks and it has increased the negative effects of these shocks on economic growth. Therefore, increasing economic resilience to counteract the negatve effects of these shocks has become a policy priority in different countries, and in the meantime, identifying the factors affecting economic resilience can help policymakers to make the right policies. Therefore, the present study attempted to investigate the impact of goods market efficiency, labor market efficiency and financial market efficiency on economic resilience in two groups of developing and developed selected countries during the period 2014-2018. For this purpose, the research model is estimated using panel data approach and generalized moment method separately for the two groups of selected countries. The results showed that the effect of goods market efficiency, labor market efficiency and financial market efficiency on economic resilience in both groups of selected counties is positive and significant. However, the esfimated coefficient of goods market efficiency and labor market efficiency in developing selected countries and the estimated coefficient of financial market efficiency in developed selected countries have been higher. Also, the impact of control variables of institutional qualify and innovation on economic resilience in both groups of selected countries is positive and significant.
- Subjects
GENERALIZED method of moments; FINANCIAL markets; FOREIGN investments; ECONOMIC impact; PANEL analysis; ECONOMIC shock; LABOR market
- Publication
Quarterly Journal of Economic Growth & Development Research, 2022, Vol 12, Issue 46, p125
- ISSN
2228-5954
- Publication type
Article
- DOI
10.30473/EGDR.2021.43045.5928