The Effect of Foreign Debts on Economic Growth in Iran
The Effect of Foreign Debts on Economic Growth in Iran

Summary/Abstract: During the past half-century there have been important political and economic changes like revolution, war, and sanction in Iran; and it have led to serious structural changes. Like most oil countries the government budget also along with changes of oil price, has gone under changes; and in some cases it has resulted in foreign currency borrowing. In this article the effect of foreign debts on economic growth of Iran have been examined in a boom and bust regimes, and it’s been determined that during bust the effect of foreign debts on growth have been positive and non- linear; whereas, during boom this effect have been negative.

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