بررسي نقش ثبات اقتصادي بر عملكرد رشد اقتصادي ايران با روش سيستم معادلات همزمان

The Effect of Macroeconomic Stability in Investment and Growth in Iran

It is widely hypothesised that sound macroeconomic policies promote growth by providing a more secure environment for private sector investment decisions, This paper is tested for Iran over the period 1963-2001 using a variety of measures of the quality of macroeconomic management. The measures include the budget deficit, inflation, exchange rate premium, etc. The evidence suggests that good macroeconomic management is associated with faster growth for a given rate of investment. Whereas, on the other hand, it is found that poor macroeconomic management significantly impairs growth.