AI Summary & Key Takeaways
AI InsightIn the study described as E-7 countries Brazil, China, Indonesia, India, Mexico, Turkey and Russia panels using data from the 1993-2017 period, the panel cointegration analysis and causality analysis was performed.The study aims to investigate the relationship between economic complexity and human development concepts within the framework of the mentioned countries and the data range.For this purpose, Economic Complexity Index published by Atlas Media was used as an indicator of economic complexity and Human Development Index published by UNDP was used as an indicator of human development.When the long-term relationship between the two variables was analyzed by Westerlund Panel Cointegration test, it was observed that the cointegration relationship between economic complexity and human development variables was not found in E-7 countries.Then, in the study which carried out the Dumitrescu-Hurlin panel causality analysis, it was found that there was a one-way panel causality relationship from human development variable to economic complexity variable.
📌 3 Key Takeaways
Abstract
It is stated that inclusion of productive information as an input, output efficiency and product diversity play an important role in the development of countries.Economic complexity is described as an important concept that expresses the competence of countries in the context of sophisticated goods production. In the study described as E-7 countries Brazil, China, Indonesia, India, Mexico, Turkey and Russia panels using data from the 1993-2017 period, the panel cointegration analysis and causality analysis was performed.The study aims to investigate the relationship between economic complexity and human development concepts within the framework of the mentioned countries and the data range.For this purpose, Economic Complexity Index published by Atlas Media was used as an indicator of economic complexity and Human Development Index published by UNDP was used as an indicator of human development.When the long-term relationship between the two variables was analyzed by Westerlund Panel Cointegration test, it was observed that the cointegration relationship between economic complexity and human development variables was not found in E-7 countries.Then, in the study which carried out the Dumitrescu-Hurlin panel causality analysis, it was found that there was a one-way panel causality relationship from human development variable to economic complexity variable.
Özet
Ülkeler için üretken bilginin girdi olarak üretime dahil edilmesi, çıktı verimliliği ve ürün çeşitliliğinin ülkelerin gelişmesinde önemli rol oynadığı ifade edilmektedir. Ekonomik kompleksite, ülkelerin sofistike mal üretimi kapsamında yetkinliğini ifade eden önemli bir kavram olarak betimlenmektedir. Çalışmada E-7 ülkeleri olarak nitelendirilen Brezilya, Çin, Endonezya, Hindistan, Meksika, Türkiye ve Rusya’ya ait 1993-2017 dönemini kapsayan veriler kullanılarak panel eşbütünleşme analizi ve panel nedensellik analizi gerçekleştirilmiştir. Belirtilen ülkeler ve belirtilen veri aralığı çerçevesinde çalışmada ekonomik kompleksite ile insani gelişmişlik kavramları arasındaki ilişkinin araştırılması amaçlanmaktadır. Bu amaç doğrultusunda ekonomik kompleksite göstergesi olarak Atlas Media tarafından yayınlanan Ekonomik Kompleksite Endeksi, insani gelişmişlik göstergesi olarak ise UNDP (Birleşmiş Milletler Kalkınma Programı) tarafından yayınlanan İnsani Gelişmişlik Endeksi kullanılmıştır. İki değişken arasındaki uzun dönemli ilişkinin Westerlund Panel Eşbütünleşme testi ile incelendiği çalışmada ulaşılan sonuçlar analiz edildiğinde E-7 ülkelerinde ekonomik kompleksite ve insani gelişmişlik değişkenleri arasında eşbütünleşme ilişkisine rastlanamadığı gözlemlenmiştir. Daha sonra Dumitrescu-Hurlin panel nedensellik analizinin gerçekleştirildiği çalışmada insani gelişmişlik değişkeninden ekonomik kompleksite değişkenine doğru tek yönlü panel nedensellik ilişkisinin bulunduğu tespit edilmiştir.