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Effect of government capital expenditure on GDP in the Iranian economy using superexogeneity testing

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  • Abbas Valadkhani

Abstract

The purpose of this paper is to investigate the effect of real government capital expenditure on GDP in the Iranian economy using annual time series data for the period 1959-1992 employing superexogeneity test. It is found that government capital expenditure has an important positive effect on GDP irrespective of structural and regime shifts in the economy.

Suggested Citation

  • Abbas Valadkhani, 1998. "Effect of government capital expenditure on GDP in the Iranian economy using superexogeneity testing," Applied Economics Letters, Taylor & Francis Journals, vol. 5(6), pages 361-364.
    • Handle: RePEc:taf:apeclt:v:5:y:1998:i:6:p:361-364
    DOI: 10.1080/135048598354726
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    References listed on IDEAS

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    1. Engle, Robert F. & Hendry, David F., 1993. "Testing superexogeneity and invariance in regression models," Journal of Econometrics, Elsevier, vol. 56(1-2), pages 119-139, March.
    2. Dickey, David A & Fuller, Wayne A, 1981. "Likelihood Ratio Statistics for Autoregressive Time Series with a Unit Root," Econometrica, Econometric Society, vol. 49(4), pages 1057-1072, June.
    3. Neil Dias Karunaratne, 1996. "Growth and trade dynamics under regime shifts in Australia," Journal of Economic Studies, Emerald Group Publishing, vol. 23(2), pages 55-69, May.
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    Cited by:

    1. Karimova, Amira & Simsek, Esra & Orhan, Mehmet, 2020. "Policy implications of the Lucas Critique empirically tested along the global financial crisis," Journal of Policy Modeling, Elsevier, vol. 42(1), pages 153-172.
    2. Valadkhani, Abbas, 2001. "An Analysis of Iran’s Third Five-Year Development Plan in the Post-Revolution Era (2000-2005)," MPRA Paper 50386, University Library of Munich, Germany.
    3. E. Simsek & M. Orhan & F. Macit, 2017. "Effect of Government Expenditure on GDP in the Turkish Economy," International Econometric Review (IER), Econometric Research Association, vol. 9(2), pages 69-76, September.
    4. Doessel, Darrel & Valadkhani, Abbas, 2003. "The Demand for Current Public Expenditure in Fiji: Theory and Empirical Results," MPRA Paper 50391, University Library of Munich, Germany.

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