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Analysis and Evaluation of Factors affecting Economic resilience with an emphasis on the Environmental governance Index
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Kourosh Kamkar Hafshejani   , Saeed Daei-Karimzadeh * , Hossein Sharifi Renani |
| Department of Economics, Isfahan (Khorasgan) Branch, Islamic Azad University , saeedkarimzade@yahoo.com |
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Abstract: (87 Views) |
| Today, many economic, political, environmental, and social challenges and risks have led to disruptions in the functioning of economic and social systems. These conditions have led to the concept of economic resilience being considered as an indicator for measuring the capacity of a society to face shocks and recover after the occurrence of risks. In the present study, first, the economic resilience index was calculated for eight oil-producing and four non-oil-producing countries in the Middle East, and then the effect of the factors affecting this index was evaluated for the period 2000-2020 using the fully modified least squares (FMOLS) method. The factors affecting economic resilience included the variables of agricultural value added, industrial value added, service value added, oil production, economic openness index, and urbanization rate. The results showed that the effect of the value added of the industrial and service sectors on the economic resilience of oil-producing and non-oil-producing countries is positive and significant. Also, the effect of the urbanization rate variable on the economic resilience of oil-producing and non-oil-producing countries was negative and significant. Accordingly, it is suggested that the countries studied pursue policies such as strengthening investment in the industrial sector, diversifying the economy, developing the service sector, investing in agricultural technology and infrastructure, facilitating international trade, and sustainable urban policies in order to improve economic resilience. |
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| Keywords: Economic resilience, Environmental governance, Fully Modified Ordinary Least Squares (FMOLS), Agricultural value added, Middle East |
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Full-Text [PDF 1112 kb]
(25 Downloads)
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Type of Study: Research |
Subject:
Special
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