Estimation of Economic Growth Model for Iran Using Feder’s Model

Subject Areas : Applied Economics

ریحانه  گسکری ¹ (مسئول مکاتبات)
مالیکا  میستری ² (ندارد)

Received: 2011-01-11 Accepted : 2011-08-15 Published : 2010-12-22

Keywords: Economic growth, oil export, non‐oil export, autoregressive&#x0D, &#x0D, distributed l, Feder Model,

Abstract :

In this study, with the help of Feder’s Growth Model (1982), the authorstry to explain the relationship between export and Economic Growth in Iranfor the period of 1353‐1384. Using autoregressive distributed lag (ARDL), amodel is estimated by dividing the overall production of the economy intothree sectors: Oil exporting production; Non‐oil exporting production andproduction for domestic market. This study showed that investment in non‐oilsector has significant positive impacts on economic growth, and its effecttended to last for several years. On the other hand, investment in othersectors has smaller and statistically less significant impacts on economicgrowth.