The Impact of Macroeconomic Policies on Economic Growth, with Emphasis on External Debt
Subject Areas : Bi-quarterly Journal of development economics and planning
F. Nazari
1
(
Department of Economics, Babol Branch, Islamic Azad University, Babol, Iran.
)
N. A. YadollahzadehTabari
2
(
Department of Economics, Babol Branch, Islamic Azad University, Babol, Iran
)
Keywords: Economic Growth, Debt, Macroeconomic Policies,
Abstract :
The purpose of this study is to examine the impact of macroeconomic policies on economic growth, with an emphasis on external debt. In this regard, using the econometric model autoregresive Distributed Lag and using annual time series data over the years of 1359-1391 has been dealt with,Variables in the long-term external debt, multilateral debt, trade,the ignificant positive effect of inflation, public sector debt to the Central Bank (representing the deficit), and a significant negative effect on economic growth in the dummy variable.