Volume 15, Issue 2 And 3 (Autumn 2010 & Winter 2011 2011)
JEPR 2011, 15(2 And 3): 113-139 |
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Mohammadi F, Solaymani S, Solaymani M. (2011). Quantitative Reassessment of the Financial Development–Growth Nexus: Application of ARDL and VDCM Models. JEPR. 15(2 and 3), 113-139.
URL: http://jpbud.ir/article-1-20-en.html
URL: http://jpbud.ir/article-1-20-en.html
Abstract: (16112 Views)
This study is a quantitative reassessment of the effects of financial development on Iran’s economic growth within the period of 1973-2007 using both Autoregressive Distributed Lag (ARDL) and Variance Decomposition (VDCM) approaches. The empirical results reveal that the financial development has a significant and positive impact on shot-run and long-run economic growth. The shot-run and long-run elasticity of the real GDP to financial development are very little, indicating its very low sensitivity to shot-run and long-run changes of financial development though its long-run elasticity is higher than the short-run one.
Type of Study: Applicable |
Received: May 15 2011 | ePublished: Jan 15 2011
Received: May 15 2011 | ePublished: Jan 15 2011
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