The Analysis of Social Security expenditure on labor productivity and Economic growth in Iran
Subject Areas : Financial Economics
Bijan
Baseri
1
(Assistant Professor, Islamic Azad university, Central Tehran branch)
Pouria
Emady
2
(M.A. in Economics)
Keywords: Economic Growth, Labor Productivity, Social Security Expenditure,
Abstract :
The main purpose of this paper is to investigate the social security expenditure on labor productivity and economic growth in Iran. Social security's plays a crucial role in employment productivity and contributes to economic growth indirectly. This article concentrates on the measurement of social security expenditure effect on labor productivity and economic growth in Iran during 1975-2006. Based on ARDL methods, we found a positive and significant relation between per capita social security expenditure and labor productivity. The estimated coefficient In short run is tow percent (0.02) and in long run is five percent (0.05). The magnitudes of estimated coefficient are low level in two cases. Based this findings, the government should enhance quality of social security services in labor market to increase labor productivity and improve economic growth.
