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Industrial Exports and Economic Development in Iran

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  • Safdari Mehdi
  • Motiee Reza

Abstract

This research seeks to determine the effect of human capital and physical and non-oil exports of industrial sector, the real Gross Domestic Product (GDP) in the country during 1959 to 2007. The purpose of this study is to determine the relationship between Industrial exports and economic growth in Iran. The theoretical framework was designed based on this assumption that the total GDP in the economy is divided into two sections, production for inside and production for export. The data were collected from 1959 to 2007 and was analyzed using Ordinary Least Squares (OLS) model. The result of the analyses shows that there is significant relationship between Industrial exports and economic growth. Together, the independent variables explained 93% of the variance in the dependent variables. In relation to that, it is concluded that explanatory power is high for the equation that shows that one percent change in Industrial exports rate lead to 44% in economic growth. Therefore, an Industrial export is regarded as an important factor in Iran's economic growth. Keywords: Gross Domestic Product (GDP), Augmented Dickey-Fuller (ADF) test, Ordinary Least Squares (OLS) model

Suggested Citation

  • Safdari Mehdi & Motiee Reza, 2011. "Industrial Exports and Economic Development in Iran," Journal of Economics and Behavioral Studies, AMH International, vol. 3(1), pages 22-27, July.
    • Handle: RePEc:rnd:arjebs:v:3:y:2011:i:1:id:2219
    DOI: 10.22610/jebs.v3i1.252
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