The estimation of Iran’s macroeconomics instability index

Ahangari, Abdolmajid; Arman, Aziz; Saki, Aziz

doi:10.5267/j.msl.2014.4.003

Cited by 8 publications

(3 citation statements)

References 13 publications

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“…Based on the literature and referring to the results of their own research, the authors emphasise that the factors leading directly to the international competitive advantage of a given country are an increase in exports, an improvement in the current account balance, and a higher GDP growth rate (Weresa, 2016;Hurduzeu, & Lazar, 2015;Ahangari et al, 2014;Eichengreen, 2006). The conducted empirical study indicates that in 2005 and 2018 the strongest positive correlation occurred between the level of competitiveness of countries expressed using the synthetic competitiveness measure proposed in the paper and the following two diagnostic variables: (a) observed values of the current account balance in relation to GDP (b) values of GDP per capita (PPS).…”

Section: Discussionmentioning

confidence: 99%

Macroeconomic stability and the level of competitiveness in EU member states: a comparative dynamic approach

Roszko‐Wójtowicz

Grzelak

2020

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Research background: The choice of the issue of international competitive-ness of economies as the research problem addressed in this paper has been mainly dictated by the changes observed in the nature of the development of EU economies and the need to assess the competitiveness of the Polish economy. It is time to evaluate and learn from the largest enlargement in the history of the EU which took place in May 2004. An assessment of changes in the state of EU economies, including the Polish economy, is in the centre of research interest of many scientists. National competitiveness is the subject of a great deal of research and economic studies. Integration and globalisation processes in the world economy are the main reasons for the popularity of this topic. The efficient use of sources and factors determining the competitiveness of economies, sectors and enterprises is associated with prosperity over the long term. One of the methods based on the observation of selected basic indicators of economic competitiveness is the method of analysis called the macroeconomic stabilisation pentagon. The method illustrates the extent to which the government achieves five macroeconomic objectives. It is very difficult, if not impossible, to meet all these objectives at the same time. The difficulty of meeting all these goals concurrently is due to the fact that they are more or less competitive rather than complementary. The proposed assessment of competitiveness based on the developed model of macroeconomic stabilisation pentagon is a unique approach in terms of discussion of country?s competitiveness. This approach significantly distinguishes the current study in comparison with standard international reports on competitiveness such as the Global Competitiveness Index or the EU Regional Competitiveness Index. Purpose of the article: The main aim of the paper is to assess the competitiveness of EU economies in the years 2005?2018, based on a selected set of diagnostic variables referring to the concept of macroeconomic stabilisation pentagon. The paper also formulates a detailed list of four research hypotheses. Methods: In order to characterise the competitiveness of the European Union economies, including the EU?15 and EU?13 groups, as well as the Visegrad group, six diagnostic variables affecting the economic situation of individual EU countries were analysed. The variables for analysis were chosen so as to reliably describe the competitive position of a given country, at the same time referring in a substantive sense to the concept of macroeconomic stabilisation pentagon. The linear ordering of objects was made using the reference Hellwig method. The selected method enabled the development of competitiveness rankings of EU Member States in the years 2005, 2009, and 2018. Findings & Value added: The comparative analysis of the main macroeconomic indicators conducted in the paper forms the basis for assessing the cur-rent state of the EU economy in relation to other countries. In the paper, the authors depart from the standard elaboration of ?magic pentagon.? Instead, they apply the variables used in the macroeconomic stabilisation pentagon analysis to develop competitiveness rankings of EU Member States. The con-ducted empirical study has confirmed that the 15th anniversary of EU member-ship had a decidedly positive impact on the level of economic development of the EU?13 countries.

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Section: Discussionmentioning

confidence: 99%

Macroeconomic stability and the level of competitiveness in EU member states: a comparative dynamic approach

Roszko‐Wójtowicz

Grzelak

2020

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“…GDP The recent studies (Ahangari et al, 2014) about the impact on macroeconomics instability were targeted on the use of macroeconomic instability index based on the assessment of four factors: inflation rate, instability in the ratio of budget deficits to , GDP instability in the ratio of foreign debt to , GDP and instability of the exchange rate premiums (the ratio of the free exchange to official exchange rate). In their research the authors understand instability as "an increase or decrease in the values of a variable" (Ahangari et al, 2014).…”

Section: Models Of Macroeconomic Stabilization: Perspectives Of Replimentioning

confidence: 99%

Stabilization Pentagon Model: application in the management at macro- and micro-levels

Lyulyov

Shvindina

2017

Problems and Perspectives in Management

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AUTHORSOleksii Lyulyov https://orcid.org/0000-0002-4865-7306 Hanna Shvindina ARTICLE INFOOleksii Lyulyov and Hanna Shvindina (2017) AbstractThe problem of instability of industries, clusters and states influences the countries' economies. Unavoidable changes became an attribute of the strategic planning at every level. As a result, an effective tool is needed to evaluate stability at different levels in such a way that will make it possible to manage the changes. In this paper the concept of Macroeconomic Stabilization Pentagon (MSP) was analyzed for its applicability for the EU countries of low-an-middle-income economies including Ukraine. The data analysis brought new understanding of the assessment of the public policies' effectiveness. The model has proven its efficiency not just in the sphere of public administration, but also for the micro level management. The authors proposed the Microeconomic Stabilization Pentagon to be implemented in the research at the level of enterprises.

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“…The paper contains the part as follows: literature reviewthe analysis of the scientific background on the relationship among macroeconomic stability, quality of institutions and behavioural dimensions (cultural diversity and Trust); methods and methodologiesexplanation of the research methods to check the research hypothesis on linking among macroeconomic stability, quality of institutions and behavioural dimensions; resultsexplanations of core findings on testing hypothesis; conclusions and discussionsexplanations of recommendations considering the results of checking the research hypothesis. Ahangari et al (2014) analysed the macroeconomic stability impact on investments in Iran. They used the macroeconomic imbalance index, which is based on four dimensions: inflation rate; the ratio of government deficit to GDP; the ratio of external debt to GDP; exchange rate.…”

Section: Introductionmentioning

confidence: 99%

Macroeconomic stability of the country: the nexus of institutional and behavioural dimensions

Lyulyov,

Pimonenko,

Chen

et al. 2023

Economics &Amp; Sociology

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The ongoing globalisation, recessions, and fluctuations in world development require the acceptance of timely government interventions and decisions to save the country's macroeconomic stability. The literature analysis has confirmed a gap in research on assessing and comparing macroeconomic stability at different levels of development, especially in terms of studies that consider the behavioural (culture and trust) dimensions and the quality of institutions. This paper aimed to empirically assess how the achievement of macroeconomic stability depends on the quality of institutions, increasing society's trust, and cultural diversity. This study investigated post-communist economies among EU countries and Ukraine (as the candidate for EU) over 2005-2020. Pearson correlation, OLS and FGLS, robustness test output, GEE, and stochastic frontier model were applied to achieve the paper's aims. The findings confirmed that countries with high-quality of institutions had a higher value of macroeconomic stability. In addition, social trust positively affected the relationship between the quality of institutions and macroeconomic stability. At the same time, various national cultural dimensions had different effects on macroeconomic stability. The four indicators of Hofstede Insights (power distance, masculinity, uncertainty avoidance, and indulgence) had a statistically significant impact on macroeconomic stability.

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The estimation of Iran’s macroeconomics instability index

Cited by 8 publications

References 13 publications

Macroeconomic stability and the level of competitiveness in EU member states: a comparative dynamic approach

Macroeconomic stability and the level of competitiveness in EU member states: a comparative dynamic approach

Stabilization Pentagon Model: application in the management at macro- and micro-levels

Macroeconomic stability of the country: the nexus of institutional and behavioural dimensions

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