To Investigation the Relationship between Monetary, Fiscal Policy and Economic Growth in Iran: Autoregressive Distributed Lag Approach to Cointegration | Science Publications

American Journal of Applied Sciences

Mohammad S. Karimi¹  Anvar Khosravi¹ 

关键词: Iran;    monetary policy;    fiscal policy;    growth;    ARDL cointegration;   

DOI  :  10.3844/ajassp.2010.415.419

学科分类：自然科学（综合）

来源: Science Publications

【 摘 要 】

Problem statement: It is important for policy makers to find affect of monetary and fiscal policy on economic growth and to know how those impacts on growth to present a effective policies. Approach: We apply the bounds testing (ARDL) approach and to cointegration which is more appropriate for estimation in small sample studies. The data span for the study is from 1960-2006, the empirical results found a cointegration relations between Growth, monetary policy and fiscal policy in Iran. Results: The results indicated the impact of Exchange rate and inflation on growth was negative, government expenditure was found to have significant positive impact on growth. Conclusion: According to results for a sustainable economic growth in Iran, policy makers must try to decrease inflation rate and exchange rate also to find an equilibrium point for government expenditure in futures.

【 授权许可】

Unknown