Effect of Foreign Direct Investment on Non-Oil Export in Iran

اقتصاد پولی مالی

مقاله 8، دوره 16، شماره 27، آبان 1388   

نوع مقاله: پژوهشی

شناسه دیجیتال (DOI): 10.22067/pm.v16i27.2007

نویسندگان

مهدوی عادلی مهدوی عادلی^* ؛ نوروزی نوروزی؛ مطهری مطهری

چکیده

In this research, we investigate the effects of foreign direct investment on non-oily exports in Iran. For this purpose, by using data for the period 1963 to 2005, an Auto-Regressive Distributed Lag (ARDL) model has been estimated. Findings show that the inflow of FDI has a significant and positive effect on non-oil exports in long run and short run of Iran. Moreover, increasing in real exchange rate and decreasing domestic demand, cause growing in non-oily export. The result of dynamic model confirms the long run relationship between explanatory variables and non-oil exports. The ECM model also implies that any shocks imposed to each of independent variables of the model may continue to 2.5- 3 years are need for FDI to return to its long -term trend.