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:: Volume 21, Issue 67 (Quarterly Journal of Economic Research and Policies 2013) ::
qjerp 2013, 21(67): 171-192 Back to browse issues page
The Examination of the Relationship between Macroeconomic Instability and Economic Growth in Iran
Mohammad Dehghan manshadi * , Parvin Pourrahim
shiraz univrsity , Mohammad_manshadi@yahoo.com
Abstract:   (8331 Views)
It is often argued that macroeconomic instability can form a binding constraint on economic growth and believed that economic growth requires macroeconomic stability. At the broadest level, stability can help to explain the sustained growth of countries. This study investigates the relationships between macroeconomic instability and growth in Iran over the period 1965-2010. We use recent time series econometric techniques, such as impulse response analysis and Variance Decomposition, to analyze empirical relationships between the variables that are so useful in Vector Autoregressive (VAR) models. The results of this paper suggest that the chronic and increasing macroeconomic instability of the Iran economy has seriously affected her growth. Economic growth in Iran has a long-term relationship with the macroeconomic instability. In other words, changes in macroeconomic instability indicators will be associated with the increase (decrease) of economic growth in the long run.
Keywords: economic growth, Macroeconomic Instability, inflation, oil income, exchange rate, Iran
Full-Text [PDF 469 kb]   (8759 Downloads)    
Type of Study: Research | Subject: Special
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dehghan manshadi M, pourrahim P. The Examination of the Relationship between Macroeconomic Instability and Economic Growth in Iran. qjerp 2013; 21 (67) :171-192
URL: http://qjerp.ir/article-1-535-en.html


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Volume 21, Issue 67 (Quarterly Journal of Economic Research and Policies 2013) Back to browse issues page
فصلنامه پژوهشها و سیاستهای اقتصادی Journal of Economic Research and Policies
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