The Impact of Global Competitiveness Index (GCI) on Economic Growth in Iran and Some Selected Countries
8 Pages Posted: 26 Feb 2019
Date Written: December 30, 2018
The starting point for achieving to high economic growth requires realizing factors affecting growth in question. A key factor for economic growth would be improving competiveness. Thus, this paper is investigating the impact of competiveness on economic growth for two groups of countries including Iran. Meanwhile we are stressing on Iranian case much more seriously. Our selected countries includes two high income and upper middle income ones for 2006- 2016 period. Some findings of this paper indicate that in addition to competiveness, there is a positive and significant relationship between labor force and physical capital on economic growth for both groups of countries. The impact of human capital and competitiveness on economic growth is significantly positive too. The impact of human capital and competitiveness are, however, higher in upper middle-income countries. Iranian competiveness circumstances, although better after applying, joint comprehensive plan of action, JCPA, is not in its desirable status yet. For, it lags behind its competitors among developing countries in the region.
Keywords: competiveness, economic growth, high-income countries, upper middle-income countries, Iran
Suggested Citation: Suggested Citation