Providing a Science and Technology Diplomacy Development Framework for the Country Based on Fuzzy Delphi Method

Stock as the core of the capital market by creating interaction between investors and savers, mobilization and allocation of financial resources is the main determinants of sustained economic growth. With impact of knowledge components on the mobilization of financial resources in the Stock Exchange, this role is more clearly visible, because knowledge as the main resource of innovation and technical changes in the production process causes improvement of the technology, and thus, it causes increasing of productive capacities and productivity of stock's firms. Therefore, knowledge components due to increasing return of stock's firms cause increasing of mobilization of financial resources in stock exchange. The purpose of this study is evaluating of the effect of knowledge components on the mobilization of financial resources in the Iran's stock exchange with quarterly data during the 1998-2014 and using of Ordinary Least Squares. In addition to the knowledge components that include information infrastructure, institutional and economic regimes, the innovations system and education and human resources, stock market development has been considered as one of the determinants of financial resources. The results indicate that each of knowledge components and stock market development, have significant positive impact on the mobilization of financial resources in Iran's stock exchange.