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Ideas, increasing return to scale, and economic growth: an application for Iran

Author

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  • Farhidi, Faraz
  • Isfahani, Rahim
  • Emadzadeh, Mostafa

Abstract

Iran has experienced an increasing rate of economic growth during recent years. We need to explain the causes of this growth if we are to help maintain it. In this study, we try to calibrate and apply a model in the context of new growth models, based on Ideas derived from the Iranian economy. The results show that an increase in education levels and expansion in research activities are the main factors promoting economic growth in Iran during the studied period.

Suggested Citation

  • Farhidi, Faraz & Isfahani, Rahim & Emadzadeh, Mostafa, 2015. "Ideas, increasing return to scale, and economic growth: an application for Iran," MPRA Paper 64158, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:64158
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    File URL: https://mpra.ub.uni-muenchen.de/64158/1/MPRA_paper_64158.pdf
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    References listed on IDEAS

    as
    1. Rafael Myro & Patricio Perez & Alberto Colino, 2008. "Economic growth in a world of ideas: the US and the leading European countries," Applied Economics, Taylor & Francis Journals, vol. 40(22), pages 2901-2909.
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    Cited by:

    1. Faraz Farhidi, 2023. "Impact of fossil fuel transition and population expansion on economic growth," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 25(3), pages 2571-2609, March.

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    More about this item

    Keywords

    Economic growth; Ideas; Nonrivalry; Technological progress; Population growth;
    All these keywords.

    JEL classification:

    • O41 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - One, Two, and Multisector Growth Models
    • Q55 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environmental Economics: Technological Innovation
    • Q56 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth

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