Impact of Financial Development on Economic Growth in Iran

Shahrouz Keshavarzi and Yusuf Akan

International Journal of Academic Research in Business and Social Sciences, 2014, vol. 4, issue 4, 181-189

Abstract: Always, financial sector has a central role in development and economic growth. Hence the relationship between financial development and economic growth appears to be essential. This article examines the impact of financial development on economic growth, with consider other variables affecting the economic growth, such as ratio of commercial, domestic investment and interest rate. The time period used in this study is related to the years 1980 to 2013. It also explains their method of distribution breaks (ARDL) is used to assess relationships between variables. This study estimates a relationship between variables within a Auto regressive Distributed Lag framework over the periods. The results of this study represents a significant and positive impact of financial development on economic growth. Also domestic investment has a positive and significant impact on economic growth, and Interest rate has a significant negative impact on economic growth.

Keywords: Financial development; Economic growth; Autoregressive Distributed Lag Model; Economy of Iran (search for similar items in EconPapers)
Date: 2014
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://hrmars.com/hrmars_papers/Impact_of_Financia ... c_Growth_in_Iran.pdf (application/pdf)
http://hrmars.com/hrmars_papers/Impact_of_Financia ... c_Growth_in_Iran.pdf (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:hur:ijarbs:v:4:y:2014:i:4:p:181-189

Access Statistics for this article

More articles in International Journal of Academic Research in Business and Social Sciences from Human Resource Management Academic Research Society, International Journal of Academic Research in Business and Social Sciences
Bibliographic data for series maintained by Hassan Danial Aslam ().