نویسندگان

چکیده مقاله

Efficiency increment impacts the main economic, social and political phenomena of societies such as lowering inflation, increasing welfare, increasing employment and enhancing competitiveness. Therefore, the purpose of this study is to analyze the effects of market efficiency, as one pillar of Eghtesad-e-Moghavemati, on the economic prosperity of Asian countries with the average or higher index of competitiveness for the period 2008 to 2018. For this purpose, using the Panel Vector Error Correction Model (PVECM), the effects of market efficiency on the economic success of these countries were investigated. In general, the results indicate that improving market efficiency leads to an increase in the economic growth rate and a decrement in the unemployment rate, and ultimately an increase in the economic prosperousness in the medium and long run. The results also showed that the most effective variable on market efficiency is investment which has the greatest impact on market efficiency in the medium and long run.