Impact of Financial and Monetary Development and Public Expenditures on Iran’s National Income (An Econometric Study)
Many of economists believe that financial and monetary development and economic stability are necessary conditions in order to access to high rate of economic growth. Regarding the high importance of economic growth for developing countries, we investigate financial and monetary development, economi...
| Main Authors: | , , |
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| Format: | Article |
| Language: | fas |
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Allameh Tabataba'i University Press
2009-12-01
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| Series: | Faslnāmah-i Pizhūhish/Nāmah-i Iqtisādī |
| Online Access: | https://joer.atu.ac.ir/article_2864_81500f2257b4342674a4f18bafb29af2.pdf |
| _version_ | 1797375756597198848 |
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| author | Morteza Sameti Fereshteh Eshraghi Yasser Abbaslou |
| author_facet | Morteza Sameti Fereshteh Eshraghi Yasser Abbaslou |
| author_sort | Morteza Sameti |
| collection | DOAJ |
| description | Many of economists believe that financial and monetary development and economic stability are necessary conditions in order to access to high rate of economic growth. Regarding the high importance of economic growth for developing countries, we investigate financial and monetary development, economic stability and their impact on economic growth.
The objective of this paper is to estimate an econometric model for analyzing the impact of financial and monetary development and public expenditure on Iran’s national income. Selection of the variables is consistent with economic growth and the views of monetarist and Keynesian on the relative impact of monetary and fiscal policies.
After determining the time series characteristics of the data set a vector error correction model (VECM) is estimated.
The empirical results indicate no support for "supply leading" view of financial development and Mackinnon-Shaw repressionist proposition in Iran. Also there is not any noticeable support for the monetary and fiscal policies effectiveness. |
| first_indexed | 2024-03-08T19:28:49Z |
| format | Article |
| id | doaj.art-c2b541302d58439fa2aab39ba9b2b9a6 |
| institution | Directory Open Access Journal |
| issn | 1735-210X 2476-6453 |
| language | fas |
| last_indexed | 2024-03-08T19:28:49Z |
| publishDate | 2009-12-01 |
| publisher | Allameh Tabataba'i University Press |
| record_format | Article |
| series | Faslnāmah-i Pizhūhish/Nāmah-i Iqtisādī |
| spelling | doaj.art-c2b541302d58439fa2aab39ba9b2b9a62023-12-26T07:57:01ZfasAllameh Tabataba'i University PressFaslnāmah-i Pizhūhish/Nāmah-i Iqtisādī1735-210X2476-64532009-12-0193515352864Impact of Financial and Monetary Development and Public Expenditures on Iran’s National Income (An Econometric Study)Morteza Sameti0Fereshteh Eshraghi1Yasser Abbaslou2دانشیار گروه اقتصاد دانشگاه اصفهاندانشجوی کارشناسی ارشد دانشگاه اصفهاندانشجوی کارشناسی ارشد دانشگاه اصفهان.Many of economists believe that financial and monetary development and economic stability are necessary conditions in order to access to high rate of economic growth. Regarding the high importance of economic growth for developing countries, we investigate financial and monetary development, economic stability and their impact on economic growth. The objective of this paper is to estimate an econometric model for analyzing the impact of financial and monetary development and public expenditure on Iran’s national income. Selection of the variables is consistent with economic growth and the views of monetarist and Keynesian on the relative impact of monetary and fiscal policies. After determining the time series characteristics of the data set a vector error correction model (VECM) is estimated. The empirical results indicate no support for "supply leading" view of financial development and Mackinnon-Shaw repressionist proposition in Iran. Also there is not any noticeable support for the monetary and fiscal policies effectiveness.https://joer.atu.ac.ir/article_2864_81500f2257b4342674a4f18bafb29af2.pdf |
| spellingShingle | Morteza Sameti Fereshteh Eshraghi Yasser Abbaslou Impact of Financial and Monetary Development and Public Expenditures on Iran’s National Income (An Econometric Study) Faslnāmah-i Pizhūhish/Nāmah-i Iqtisādī |
| title | Impact of Financial and Monetary Development and Public
Expenditures on Iran’s National Income
(An Econometric Study) |
| title_full | Impact of Financial and Monetary Development and Public
Expenditures on Iran’s National Income
(An Econometric Study) |
| title_fullStr | Impact of Financial and Monetary Development and Public
Expenditures on Iran’s National Income
(An Econometric Study) |
| title_full_unstemmed | Impact of Financial and Monetary Development and Public
Expenditures on Iran’s National Income
(An Econometric Study) |
| title_short | Impact of Financial and Monetary Development and Public
Expenditures on Iran’s National Income
(An Econometric Study) |
| title_sort | impact of financial and monetary development and public expenditures on iran s national income an econometric study |
| url | https://joer.atu.ac.ir/article_2864_81500f2257b4342674a4f18bafb29af2.pdf |
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