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:: Volume 6, Issue 3 (Spring 2012) ::
J. Mon. Ec. 2012, 6(3): 80-111 Back to browse issues page
Medium Term Plans, Regulation Reforms and Economic Growth Performance in Iran
Esfandiar Jahangard 1, Reza Ghazal2
1- Allameh Tabataba'i University
2- Senior Economist, Economic Research and Policy Department, Chief Economic Complex, Islamic Development Bank
Abstract:   (2851 Views)
Determining the driving forces of economic growth has a paramount importance in economic studies. Early studies suggested physical capital accumulation as the main driving force of growth. However, the recent studies try to resolve the flaws of neo classical school on growth by expanding the concept of capital equipment and machinery to a wider range of human knowledge, on one hand, and institutions, rules and regulations as social capital, on the other. In fact, this strain of economics has become more prevailed recently. The present study, using Hausman, Pritchett and Rodrik (2005) methodology, aims to investigate the impact of rules and regulation reforms of developmental plans on the acceleration of Iran economic growth over 1338-1386 (1960-2008) period. The results of three econometric methods including Gombit, Logit and Probit  models  show that economic reforms of the developmental plans in Iran's economy  has  had a significant positive impact on growth.

JEL Classification: K20, O40

Keywords: economic growth, acceleration, regulation, Iran
Full-Text [PDF 460 kb]   (748 Downloads)    
Type of Study: Research | Subject: Monetary Economics
Received: 2014/04/21 | Accepted: 2014/04/21 | Published: 2014/04/21
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Jahangard E, Ghazal R. Medium Term Plans, Regulation Reforms and Economic Growth Performance in Iran. J. Mon. Ec.. 2012; 6 (3) :80-111
URL: http://jme.mbri.ac.ir/article-1-50-en.html

Volume 6, Issue 3 (Spring 2012) Back to browse issues page
Journal of Money and Economy Journal of Money And Economy
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