Exports, Government Size and Economic growth: Evidence from Iran as Developing Oil-based Economy

This paper investigates the short- run and long-run effects of government size and exports on the economic growth of Iran as a developing oil export based economy for the period of ۱۹۷۴ - ۲۰۰۸ using an autoregressive distributed lags (ARDL) framework. A modified form of Feder (۱۹۸۲) and subsequently Ram’s (۱۹۸۶) model has been applied to include both government size and exports in growth equation. The findings show that in long run and short run the Armey curve (۱۹۹۵) is valid, indicating that both a very big size and a too small size of government are harmful for growth and government should adjust its size. The results also show that total exports, the amount of oil exports in terms of barrels and oil prices affect economic growth positively and significantly both in short-run and long-run. However, non-oil exports do not have a significant effect on growth in the long run

کلیدواژه ها:

Iran ، economic growth ، Oil Exports ، Non-oil Exports ، Government size ، Oil Prices ، ایران ، رشد اقتصادی ، صادرات نفت ، صادرات غیر نفتی ، اندازه دولت ، قیمت نفت