Cluster Analysis of Iran’s Global Position Based on Sustainable Economic Development Framework

Document Type : Original research

Authors

1 Ph. D, Department of Management, Science and Research Branch, Islamic Azad University, Tehran, Iran

2 Associate Professor, Department of Management, Central Tehran Branch, Islamic Azad University, Tehran, Iran

Abstract

Economic development refers to the processes and policies that a society employs to ensure its citizens' economic, political, and social well-being. To assess Iran's economic development status and global ranking, the World Bank determined eight indicators effective in assessing Iran's sustainable economic development status using the Delphi method and expert opinions, among other methods. The indicators are Gross National Product (GDP); merchandise exports; merchandise imports; gross savings; GDP per capita; taxes on income, profits, and capital gains; broad money growth; and PPP conversion factor. The purpose of this research is to investigate Iran's economic status and global position using these indicators and the clustering technique; Then it identifies the most similar countries in the last 18 years to Iran. The results showed that Iran has been co-clustered mostly with Indonesia, Vietnam, Sao Tomé and Príncipe, i.e., 13 times between 1996 and 2016; seven times with Nigeria, and six times with Colombia and Paraguay. Following research findings, a number of policy recommendations are presented

Keywords

References

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History

  • Receive Date: 28 May 2020
  • Revise Date: 31 August 2020
  • Accept Date: 13 September 2020

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