Economic Complexity, Institutions, and Property Rights

• Authors: Aribah Aslam , Maryam Ishaq , Ghulam Ghouse , Bismillah Khan

Title variants

PL

Złożoność gospodarcza, instytucje i prawa własności

Abstracts

PL

Cele: prawa własności odgrywają fundamentalną rolę w ekonomii poprzez prawa właścicieli aktywów i zasobów, zwiększając tym samym ich efektywność ekonomiczną. W badaniu poddano analizie związek między prawami własności a złożonością gospodarczą w krajach sklasyfikowanych według poziomu dochodów, w tym w krajach o wysokich, średnich i niskich dochodach. Metody: w badaniu wykorzystano metodę Robust Least Square (RLS) w celu uzyskania wyników ze zbioru danych wtórnych. Wyniki: analiza ujawnia pozytywny związek między złożonością gospodarczą a prawami własności we wszystkich grupach dochodowych. Sugeruje się, że istnieją potencjalne ścieżki rozwoju dla krajów w oparciu o ich status dochodowy, jak te z grup o niskich i średnich dochodach. Zaproponowano, aby kraje o niskich dochodach mogły skorzystać z ulepszeń instytucjonalnych zaobserwowanych w grupie krajów o średnim dochodzie. Natomiast kraje o średnim dochodzie mogą znaleźć pomoc w modelowaniu swoich instytucji na wzór krajów o wysokim dochodzie. Podejścia te mogą pomóc w utrzymaniu i wzmocnieniu instytucji oraz wspierać środowiska sprzyjające złożoności gospodarczej. Wnioski: badania wnoszą cenny wkład w interakcję między złożonością gospodarczą a prawami własności w różnych kontekstach dochodowych, oferując potencjalne strategie dla decydentów politycznych w celu wzmocnienia praw własności i stymulowania rozwoju gospodarczego sprzyjającego włączeniu społecznemu.

EN

Objectives/Background: Property rights play a fundamental role in economics through rights to asset and resource owners, thereby enhancing their economic efficiency. The study investigates the relationship between property rights and economic complexity across countries classified by income levels, including high, middle, and low-income nations. Methods: The study utilized Robust Least Square (RLS) to obtain results from a secondary data set. Results: Our analysis reveals a positive relation between economic complexity and property rights across all income groups. It is suggested to have potential developmental paths for countries based on their income status such as those of low income and middle income groups. More specifically, it is proposes that low-income countries could benefit from the institutional improvements observed in high middle-income countries group. Whereas, high middle-income countries may find help in modeling their institutions after those of high-income countries. The approaches may help sustain and enhance institutions and foster an environment conducive to economic complexity. Conclusion: This research contributes valuable insights into the interplay between economic complexity and property rights across diverse income contexts, offering potential strategies for policymakers to enhance property rights and drive inclusive economic development.

Keywords

EN

Property rights; Institutions; Robust Least Square; Economic Theory

PL

prawa własności; instytucje; Robust Least Square; teoria ekonomii

• Publisher: Uniwersytet Warszawski. Wydawnictwo Naukowe Wydziału Zarządzania
• Journal: European Management Studies
• Year: 2023
• Volume: 21
• Issue: 3
• Pages: 102-118

Dates

published

2023

Contributors

author

Aribah Aslam

• Department of Economics, University of Lahore, Pakistan

• https://orcid.org/0000000219562025

author

Maryam Ishaq

• Department of Economics, University of Lahore, Pakistan

author

Ghulam Ghouse

• Department of Economics, University of Lahore, Pakistan

• https://orcid.org/0000000321373941

author

Bismillah Khan

• Department of Economics, University of Lahore, Pakistan

• https://orcid.org/0009000612135713

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Identifiers

DOI

10.7172/2956-7602.101.5

Biblioteka Nauki

42823116