The effects of oil and non-oil exports on economic growth: a case study of the Iranian economy

被引：10
|
作者：
Hosseini, Seyed Mehrshad Parvin [1 ]
Tang, Chor Foon [2 ]
机构：
[1] Univ Sains Malaysia, Sch Social Sci, Econ Programme, George Town 11800, Malaysia
[2] Univ Sains Malaysia, Ctr Policy Res & Int Studies, George Town 11800, Malaysia
来源：
ECONOMIC RESEARCH-EKONOMSKA ISTRAZIVANJA | 2014年 / 27卷 / 01期
关键词：
causality; exports; economic growth; oil; Iran; LIKELIHOOD RATIO TESTS; LED GROWTH; GREAT CRASH; PRICE SHOCK; COINTEGRATION; CAUSALITY; NEXUS; HYPOTHESIS; INFERENCE; DEMAND;
D O I：
10.1080/1331677X.2014.967534
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
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.
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页码：427 / 441
页数：15
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