Estimating the Indicators and Components of Globalization on Iran's Economic Growth
Subject Areas : Economic
Samad mostafavi
1
,
Amirali Farhang
2
*
,
Ebrahim Abdi
3
1 - Department of Economics, Payame Noor University(PNU),Tehran, Iran
2 - Assistant Professor , Department of Economics , Payame Noor University
3 - Assistant Professor, Department of Economics, Payame Noor University(PNU),Tehran, Iran
Keywords: KOF Globalization Index, Globalization, Economic Growth, Wavelet, Iran.,
Abstract :
Globalization is a complex process that transcends national borders, bringing together national economies, cultures, technologies, and thus economic, social, and political dimensions that increase interdependence between countries. This research aims to The assessment of short-term, medium-term and long-term effects using the globalization index and its components (economic, social and political globalization indices) examines the impact of globalization on Iran's economic growth in the period from 1979 to 2021. The wavelet method is used to analyze the data. Wavelet transform is a very effective tool for dealing with time series (signals) that have unknown properties. The coefficients extracted from the wavelets show a part of the time series in different scales. Through the process of analyzing the results obtained from the examination of the findings of the time series of the globalization and economic growth index, it is clear that, first, there is a relatively high dependence at high frequencies during the middle period of the study period between these two indices and The two indicators are in the same phase and economic growth is the cause of increasing globalization and economic growth is the leading indicator. Also, in the medium term until the year 2000, economic growth had an out-of-phase effect on globalization, and with the decrease in frequency (increasing the length of the investment period)) the degree of dependence between these two indicators has been greatly increased and globalization as a leading indicator has increased the economic growth of Iran. In the short term, the effect of the advance of economic growth and in the long term the effect of the advance of globalization is clear.
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