Effects of Trade and Financial Liberalizations on the Government Size: The Case of Iran
Publish place: International Economics Studies، Vol: 35، Issue: 2
Publish Year: 1389
نوع سند: مقاله ژورنالی
زبان: English
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شناسه ملی سند علمی:
JR_IESUI-35-2_005
تاریخ نمایه سازی: 31 فروردین 1400
Abstract:
This paper tries to analyze effects of trade and financial liberalizations on the Iranâs government size during both long-run and short- run. Accordingly, a specification of the auto regression with distributed lag (ARDL) has been used for investigating the long run relationships between variables, and a vector correction model (VECM) has examined dynamically the short-run relationships between the government size and the explanatory variables. The time series data rely on the period 1959-2007. Â The empirical results have indicated that a rise in foreign direct investment (FDI), as a proxy for financial liberalization, and trade openness lead to a decrease in Iranâs government size, while the long-run effect of an increase in FDI is more pronounced than that of the short-run.JEL Classification: E22, F11, F13, GÂ
Keywords:
Keywords: Foreign Direct Investment , Government Sized , Financial and Trade Liberalizations , ARDL , VECM
Authors
Ali Falahati
Razi