Document Type : Research Article
Authors
1
Associate Professor in Energy Economics, Department of Economics, Faculty of Economic and Administrative Sciences, Mazandaran University, Babolsar, Iran
2
Department of Economics, Faculty of Economics, University of Tehran, Tehran, Iran.
3
M.Sc. Student in Economics, Department of Economics, Faculty of Economics, University of Tehran, Tehran, Iran
4
M.Sc. Student in Economics, Department of Economics, Faculty of Economics, University of Tehran, Tehran, Iran. 2 Master of Science in Economics Science, University of Mazandaran.
10.22084/aes.2024.28403.3637
Abstract
Many variables affect well-being, one of which is globalization. Globalization has many dimensions and layers, among which economic, social and political dimensions are of special importance. In this research, KOF globalization index is used. This index consists of three economic, social and political dimensions and each dimension has two De Facto and De Jure components. In this study, economic well-being was first calculated with the composite index of well-being. Then, in the form of four model, the impact of each of the dimensions of globalization and their components on Iran's economic well-being was investigated and tested in the period of 1979-2020 with the autoregressive distributed lag. The long-term results indicate that all three dimensions of globalization (economic, political and social) have a positive effect on economic well-being. Both De Facto and De Jure components of economic and political globalization have a positive effect on economic well-being. Although De Jure component of social globalization has a positive effect on economic well-being, but its De Facto does not have a significant effect on economic well-being. Also, as expected, economic growth and per capita income have a positive effect and inflation has a negative effect on economic well-being.
Many variables affect well-being, one of which is globalization. Globalization has many dimensions and layers, among which economic, social and political dimensions are of special importance. In this research, KOF globalization index is used. This index consists of three economic, social and political dimensions and each dimension has two De Facto and De Jure components. In this study, economic well-being was first calculated with the composite index of well-being. Then, in the form of four model, the impact of each of the dimensions of globalization and their components on Iran's economic well-being was investigated and tested in the period of 1979-2020 with the autoregressive distributed lag. The long-term results indicate that all three dimensions of globalization (economic, political and social) have a positive effect on economic well-being. Both De Facto and De Jure components of economic and political globalization have a positive effect on economic well-being. Although De Jure component of social globalization has a positive effect on economic well-being, but its De Facto does not have a significant effect on economic well-being. Also, as expected, economic growth and per capita income have a positive effect and inflation has a negative effect on economic well-being.
Many variables affect well-being, one of which is globalization. Globalization has many dimensions and layers, among which economic, social and political dimensions are of special importance. In this research, KOF globalization index is used. This index consists of three economic, social and political dimensions and each dimension has two De Facto and De Jure components. In this study, economic well-being was first calculated with the composite index of well-being. Then, in the form of four model, the impact of each of the dimensions of globalization and their components on Iran's economic well-being was investigated and tested in the period of 1979-2020 with the autoregressive distributed lag. The long-term results indicate that all three dimensions of globalization (economic, political and social) have a positive effect on economic well-being. Both De Facto and De Jure components of economic and political globalization have a positive effect on economic well-being. Although De Jure component of social globalization has a positive effect on economic well-being, but its De Facto does not have a significant effect on economic well-being. Also, as expected, economic growth and per capita income have a positive effect and inflation has a negative effect on economic well-being.
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