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Asymmetric Effects of Financing Development in Iran's Economic Growth: Evidence from a Non-Linear Approach
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Reza Mirzaie   , Habib Aghajani * , Reza Ranjpour |
| tabriz university , aghajani1249@gmail.co |
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Abstract: (616 Views) |
| Government revenues are a source of financing and a tool for financial policies to achieve economic goals. Fluctuations and instabilities of this income cause the government to rely on an uncertain source in planning and face problems in achieving programmatic and long-term goals. Therefore, in the present study, the impact of the instability of government revenues on the financing of Iran's economic growth in the period of 1990-2020 is investigated using the non-linear auto-regression method with explanatory intervals. The results of the study show that the results of the study show that financial development in a linear model has a positive effect on economic growth, as well as positive and negative shocks of financial development in a non-linear model have a positive effect on economic growth, but the negative shocks of the first break of financial development have a negative effect has been in economic growth. On the other hand, in the long-term pattern, positive and negative shocks of financial development had positive effects on economic growth, and negative shocks of the first interruption of financial development had a negative effect on economic growth. Also, considering the different effects of positive and negative financial development shocks in the short and long term, it can be seen that the financial development shocks had asymmetric effects. |
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| Keywords: Budget Deficit, Government Debt, Economic Growth |
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Full-Text [PDF 718 kb]
(232 Downloads)
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Type of Study: Research |
Subject:
Special
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