Izvorni znanstveni članak
https://doi.org/10.1080/1331677X.2014.967534
The effects of oil and non-oil exports on economic growth: a case study of the Iranian economy
Seyed Mehrshad Parvin Hosseini
Chor Foon Tang
Sažetak
This study attempts to re-investigate the role of oil and non-oil exports in economic growth in Iran using the multivariate cointegration and Granger causality methods. This study covers the annual data from 1970 to 2008. Throughout this study, our empirical results indicate that the variables are cointegrated and the Granger causality test reveals evidence of uni-directional causality from oil and non-oil exports to economic growth. Therefore, we confirm that the export-led growth hypothesis is valid in Iran. However, results show that oil export has an inverse effect on economic growth, thus we suggest encouraging non-oil export activities in order to stimulate long-term economic growth in Iran.
Ključne riječi
causality; exports; economic growth; oil; Iran
Hrčak ID:
171337
URI
Datum izdavanja:
20.12.2014.
Posjeta: 1.405 *