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The impact of the development plans’ rules and regulations reforms on the acceleration of economic growth in Iran (in Persian)

Author

Listed:
  • Jahangard, Esfandiar

    (Iran)

  • Aghlami, Somayeh

    (Iran)

Abstract

Determining the economic growth driving forces has a paramount importance in economic studies. Early studies have been suggesting physical capital accumulation as the main driving force of growth. However¡ the recent studies try to resolve the flaws of the economic classical views on growth by expanding and extending the concept of capital equipment and machinery areas to a wider range of human knowledge¡ on one hand¡ and institutions¡ rules and regulations as social capital¡ on the other. In fact¡ this branch of economics has become more prevailed. The present study¡ using Hausmann¡ Pritchett and Rodrik (2005) approach¡ aim to investigate the impact of rules and regulation reforms of developmental plans on the acceleration of Iran economic growth over 1338-1386 (1960-2008) period. The results of three methods including Gompit¡Logit and Probit models show that economic reforms of the developmental plans in Iran's economy had a significantly positive impact on growth. JEL Classification: K20, O40

Suggested Citation

  • Jahangard, Esfandiar & Aghlami, Somayeh, 2010. "The impact of the development plans’ rules and regulations reforms on the acceleration of economic growth in Iran (in Persian)," Journal of Monetary and Banking Research (فصلنامه پژوهش‌های پولی-بانکی), Monetary and Banking Research Institute, Central Bank of the Islamic Republic of Iran, vol. 2(4), pages 153-190, September.
    • Handle: RePEc:mbr:jmbres:v:2:y:2010:i:4:p:153-190
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    More about this item

    Keywords

    Acceleration economic growth; rules and regulations; Iran;
    All these keywords.

    JEL classification:

    • K20 - Law and Economics - - Regulation and Business Law - - - General
    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General

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