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:: Volume 28, Issue 94 (Quarterly journal of economic research and policies 2020) ::
3 2020, 28(94): 34-54 Back to browse issues page
An Empirical Assessment of the Monetary Approach to Endogenous Technical Progress Theory: DSGE approach
Saedeh Azizi sales Mrs , Amir mansour Tehranchian Mr, Ahmad Jafari samimi Mr, Hossein Tavakolian Mr
University of Mazandaran , azizi.saede@gmail.com
Abstract:   (352 Views)
Economis growth is one of the main factors for evaluating the performance of governments. Economic growth itself is influenced by other factors that have been addressed in growth theories. Among the factors examined in growth theories, technical progress is of particular importance due to its long-term effects on growth. In recent growth models, the technological progress considered an endogenous factor which is influenced by the other variables. The present study seeks to investigate the effect of monetary shocks on technical progress in Iran during 1996-2004, using the Dynamic Stochastic General Equilibrium Model.
The results of this study showed that the shock of increase in money base through increasing the amount of investment in knowledge would lead to an increase in technology growth. Considering the impact of monetary policy on technical progress in a recession-inflationary situation which there is a need of production increase, especially for a monetary authority to stimulate supply in the economy, is the policy recommendation of this paper.
Keywords: technical progress, endogenous growth theory, monetary policy, Dynamic Stochastic General Equilibrium
Full-Text [PDF 1075 kb]   (138 Downloads)    
Type of Study: Research | Subject: Special
Received: 2020/02/14 | Accepted: 2020/09/21 | Published: 2020/09/21
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azizi sales S, tehranchian A M, jafari samimi A, tavakolian H. An Empirical Assessment of the Monetary Approach to Endogenous Technical Progress Theory: DSGE approach. 3. 2020; 28 (94) :34-54
URL: http://qjerp.ir/article-1-2641-en.html


Volume 28, Issue 94 (Quarterly journal of economic research and policies 2020) Back to browse issues page
فصلنامه پژوهشها و سیاستهای اقتصادی Journal of Economic Research and Policies
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