Volume 9, Issue 31 (3-2018)
jemr 2018, 9(31): 197-227 |
Back to browse issues page
Download citation:
BibTeX | RIS | EndNote | Medlars | ProCite | Reference Manager | RefWorks
Send citation to:
BibTeX | RIS | EndNote | Medlars | ProCite | Reference Manager | RefWorks
Send citation to:
taherpoor ـ. The Impact of Economic Resilience and Vulnerability on Labor Productivity. jemr 2018; 9 (31) :197-227
URL: http://jemr.khu.ac.ir/article-1-1517-en.html
URL: http://jemr.khu.ac.ir/article-1-1517-en.html
Allameh Tabatabayi University , Taherpoor.j@gmail.com
Abstract: (6154 Views)
Economic vulnerability shows the exposure of the economy to exogenous shocks and deviations from the path of growth and development. On the other hand, the resilience of the economy is the ability to recover the mentioned path of growth and development. Therefore, these two factors determine the level of welfare of the economy. Since the production factor productivity is the most important variables in determining the level of welfare of the economy, it is important to be measured the taking effect of the economic productivity from economic vulnerability and resilience. Therefore, in the this study, with employing the Panel GMM method for the period 2005-2014 and for eighteen oil-rich countries, the impact of economic vulnerability and resilience on labor productivity has been considered. The results of this study show that economic resilience has the significant and positive effect while the economic vulnerability has the significant and negative effect on the productivity of labor factor of production. Oil-rich countries, especially Iran, should be focused on reducing their economic vulnerability. To reduce economic vulnerability, shifting from single-product economy to export-diversified economy and reduce dependence on strategic goods will be suggested. To improve economic resilience, focusing on macroeconomic stability, improving institutional quality, improving the structure of markets, and improving human capital will be recommended. It is clear that these policy-induced recommendations would be so hard, but failing to achieve them, it leads to the bitter experiences such as decline in oil revenues, especially the sanction conditions.
Type of Study: Applicable |
Subject:
رشد و توسعه و سیاست های کلان
Received: 2016/12/12 | Accepted: 2018/05/8 | Published: 2018/06/13
Received: 2016/12/12 | Accepted: 2018/05/8 | Published: 2018/06/13
References
1. Abounoori, E. and Lajevardi, H. (2016), Estimated the Index of Economic Vulnerability and Resilience Using Parametric Method: The Case of OPEC member countries, Applied Theories of Economics, 3(3), 25-44.
2. Abrishami H, Mehrara M, Nouri M and Mohaghegh M. (2010), TFP Growth and Inflation in Iran: A Wavelet Causality Approach, Journal of Economic Modeling Research, 1 (1), 1-28
3. Agaibi, C. E.; and Wilson, J. P. (2005), Trauma, PTSD, and Resilience: A Review of the Literature, Trauma, Violence, & Abuse, 6(3), 195-216. [DOI:10.1177/1524838005277438]
4. Aggery, N. (2010), Effect of Human Capital on Labor Productivity in Sub Sahara African Manufacturing Firms, Globelics conference. Malasia.
5. Angeon, V. and Bates, S. (2015), Reviewing Composite Vulnerability and Resilience Indexes: A sustainable approach and application, World Development, 72, 140-162. [DOI:10.1016/j.worlddev.2015.02.011]
6. Bates, S., Angeon, V. and Ainouche, A. (2014), The Pentagon of Vulnerability and Resilience: A Methodological Proposal in Development Economics by Using Graph Theory, Economic Modelling, 42, 445-453. [DOI:10.1016/j.econmod.2014.07.027]
7. Bayyurt, N. and Yılmaz, S. (2012(, The Impacts of Governance and Education on Agricultural Efficiency: An International Analysis", Procedia-Social and Behavioral Sciences, 58, 1158-1165. [DOI:10.1016/j.sbspro.2012.09.1097]
8. Brauninger, M. and Pannenberg, M. (2000), Unemployment and Productivity Growth an Empirical Analysis within the Augmented Solow Model. Published in: Economic Modelling, 19, 105-120. [DOI:10.1016/S0264-9993(00)00065-1]
9. Briguglio, L., Cordina, G., Bugeja, S. and Farrugia, N. (2006), Conceptualising and Measuring Economic Resilience, Department of Economics, University of Malta.
10. Briguglio, L.; Cordina, G., Farrugia, N. and Vella, S. (2008), Economic Vulnerability and Resilience, Concepts and Measurements, UNU World Institute for Development Economics Research.
11. Briguglio, L.; Cordina, G., Farrugia, N. and Vella, S. (2008). Economic Vulnerability and Resilience, Concepts and Measurements, Oxford Development Studies, 37(3), 229-247. [DOI:10.1080/13600810903089893]
12. Briguglio, L. and Galea, W. (2003), Updating and Augmenting the Economic Vulnerability Index, Occasional Reports on Islands and Small States, NO 2004/4.
13. Bulman, T. and Simon, J. (2003), Productivity and Inflation, Economic Research Department Reserve Bank of Australia.
14. Cordina, G. (2004), Economic Vulnerability and Economic Growth: Some Results from a Neo-Classical Growth Modelling Approach, Journal of Economic Development, 29(2), 21-39.
15. Corvers, F. (1996), The Impact of Human Capital on Labor Productivity in Manufacturing Sectors of the European ::::union::::, Research Centre for Education and the Labour Market. Faculty of Economics and Business Administration University of Limburg.
16. Duval, R., Elmeskov, J. and Vogal, L. (2007), Structural Policies and Economic Resilience to Shocks, Working Paper, No 56, OECD. [DOI:10.2139/ssrn.1002508]
17. Ebrahimi, M. and Zirak, M. (2012), The Causal Relationship of Resistive Economy and Investment in Iran: An Empirical Analysis of the Resistive- Based Approach to Economy, Economic Journal, 12 (9 and 10) 25-46, URL: http://ejip.ir/article-1-478-fa.html
18. FERDI (2011), The Economic Vulnerability Index, working papres.
19. Ghiasvand, A. and Abdolshah F. (2016), "The Concept and Measurement of Economic Resilience", Economics Research, 15 (59), 161-187.
20. Guillaumont. P (1999), "On the Economic Vulnerability of Low Income Countries" International Task Force on Commodity Risk Management in Developing Countries, World Bank.
21. Hassan, S. and Z. Othman, (2015), The Effect of Economic Resilience on Private Investment in Selected Malaysian Economic Sectors Sallahuddin Hassan, Mediterranean Journal of Social Sciences, 6(6), 374-380. [DOI:10.5901/mjss.2015.v6n6p374]
22. Hallegatte, S. (2014), Economic Resilience, Definition and Measurement, The World Bank- Climate Change Group - Office of the Chief Economist. [DOI:10.1596/1813-9450-6852]
23. Hill, E.; Clair, T., Wial, H., Wolman, H., Atkins, P., Blumenthal, P., Ficenec, S. and Friedhoff, A. (2011), Economic Shocks and Regional Economic Resilience, Building Resilient Regions: Urban and Regional Policy and Its Effects, 4, 193-274.
24. Lasagni, A., Nifo, A. and Vecchione, G. (2015). Firm Productivity and Institutional Quality: Evidence from Italian Industry. Jurnal of reginal Science, 55(5), 774-800 [DOI:10.1111/jors.12203]
25. Latruffe, L. (2010), Competitiveness, Productivity and Efficiency in the Agricultural and Agri-food Sectors OECD Food, Agriculture and Fisheries Papers, No. 30. Paris: OECD publishing.
26. Mahmodzadeh, M and Fathabadi, M. (2017), Driving Factors of Total Factor Productivity in Iranian Manufacturing Industries, Journal of Economic Modeling Research, 7 (26), 141-165 [DOI:10.18869/acadpub.jemr.7.26.141]
27. Moghari, M., Faridzad, A. and Khorsandi, M. (2016), The Impact of Economic Vulnerability and Resilience on GDP among Selected OPEC Countries, Economic Development Policy, 4 (11), 77-106.
28. Nowak, A. and Tomasz, K. (2016), The Effect of Human Capital on Labor productivity of Farms in Poland, Studies in Agricultural Economics, 1, 16-21. [DOI:10.7896/j.1606]
29. Ramazanian, E. and Ghiasvand, A. (2015), Estimation of Iran's Economic Resilience during the Period of 1996-2013, Journal of Strategic Studies of Basij, 18(68), 132-102.
30. Ranger, N. and Surminski, S. (2013). Disaster Resilience and Post-2015 Development Goals: the Options for Economics Targets and Indicators, Grantham Research Institute.
31. Rose, A. (2007), Economic Resilience to Natural and Man-Made Disasters: Multidisciplinary Origins and Contextual Dimensions, Environmental Hazards, 7(4), 383-395. [DOI:10.1016/j.envhaz.2007.10.001]
32. Syverson, C. (2011), What Determines Productivity? Journal of Economic Literature, 49(2), 326-365. [DOI:10.1257/jel.49.2.326]
33. Taherpoor, J (2015), Productivity, Competitiveness and Resistance Economics, Research project, Islamic Parliament Research Center of The Islamic Republic Of Iran.
34. Taherpoor, J. and Amir, S. (2018), Position of Iran's Economy Vulnerability and Resilience among Oil-Producing Countries, Majlis and Rahbord, Articles in Press, Accepted Manuscript, Available Online from 14 January 2018.
35. Welch, F. (1970), Education in Production. Journal of Political Economy, 78, 35-59. [DOI:10.1086/259599]
Send email to the article author
| Rights and permissions | |
 | This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License. |
