The Effect of Anticipated and Unanticipated Cash on Economic Growth of Iran

اقتصاد پولی مالی

Article 4, Volume 19, Issue 3, January 2013   

Document Type: پژوهشی

DOI: 10.22067/pm.v19i3.28553

Authors

Ashkan Rahimzadeh^* ; Mahmood Hoshmand; Ehsan Fazle Elahi

Abstract

This subject is important for economic decisions that can be effective monetary
policy (Anticipated and Unanticipated Liquidity) in resolve of output shortage?
The aim of this paper analyses the effective factors on economic growth in Iran by
Using time series methods and in (1978-2008) period endogenous growth model.
Results show that the ratio of private investment to real GDP(-1), ratio of
government investment to real GDP(-1), the effective labor growth and anticipated
Liquidity growth have a positive effect on economic growth. But the effect of
unanticipated Liquidity growth on economic growth isn’t significant.

Keywords

Anticipated Cash; Unanticipated Cash; Economic Growth; Endogenous Growth