Trade liberalization, financial development and economic growth in the long term: The case of Iran
Trade liberalization, financial development and economic growth in the long term: The case of Iran
Author(s): Mohammad Nabi Shahiki Tash, Zahra SheidaeiSubject(s): Economy
Published by: Prague Development Center
Keywords: Trade liberalization; financial development; economic growth
Summary/Abstract: This study seeks to empirically examine the joint impact of trade liberalization and financial development on economic growth in Iran, using endogenous growth theory during the period 1966-2010. In this article principal component analysis is applied to make better indexes for trade liberalization, financial development and the joint effects of both. The empirical findings obtained from Johansen co-integration procedure signify a positive relationship between trade liberalization, financial development and the joint impact on economic growth in Iran.
Journal: Business and Economic Horizons
- Issue Year: 2012
- Issue No: 08
- Page Range: 33-45
- Page Count: 12
- Language: English