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An Analysis of Iran’s Third Five-Year Development Plan in the Post-Revolution Era (2000-2005)

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  • Valadkhani, Abbas

Abstract

The major objective of this paper is to provide a succinct and critical review of Iran’s Third Five-Year Development Plan (2000/01-2004/05, fiscal year ending March 20). After highlighting the salient features of the Iranian economy and a brief explanation of the previous two development plans, this paper discusses the extent to which the specified macroeconomic objectives of the third plan are achievable. It is argued that there are a number of practical inconsistencies and structural problems in this plan like its predecessors that stifle the long-run economic development. More specifically the constitution, which is beyond the government control, should be appropriately amended to allow the badly needed structural reforms in the Iranian economy prior to launching any development plan.

Suggested Citation

  • 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.
    • Handle: RePEc:pra:mprapa:50386
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    File URL: https://mpra.ub.uni-muenchen.de/50386/1/MPRA_paper_50386.pdf
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    References listed on IDEAS

    as
    1. Krueger, Anne O, 1974. "The Political Economy of the Rent-Seeking Society," American Economic Review, American Economic Association, vol. 64(3), pages 291-303, June.
    2. Mohamed Hashem Pesaran, 1995. "Planning and Macroeconomic Stabilization in Iran," Working Papers 9502, Economic Research Forum, revised Jan 1995.
    3. Farzin, Y. H., 1995. "Foreign exchange reform in Iran: Badly designed, badly managed," World Development, Elsevier, vol. 23(6), pages 987-1001, June.
    4. Vakil, Firouz, 1977. "Iran's Basic Macroeconomic Problems: A Twenty-Year Horizon," Economic Development and Cultural Change, University of Chicago Press, vol. 25(4), pages 713-729, July.
    5. 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.
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    Cited by:

    1. Arian Daneshmand & Esfandiar Jahangard & Mahnoush Abdollah-Milani, 2018. "A time preference measure of the social discount rate for Iran," Journal of Economic Structures, Springer;Pan-Pacific Association of Input-Output Studies (PAPAIOS), vol. 7(1), pages 1-10, December.
    2. 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.
    3. KAMALIAN, Amin Reza & PAHLAVANI, Mosayeb & VALADKHANI, Abbas, 2010. "Modelling The Asymmetric Effects Of Inflation On Real Investment In Iran, 1959-2008," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 10(1).

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    More about this item

    Keywords

    Iranian economy; Development plans;

    JEL classification:

    • E2 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment

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