THE IMPORTANCE OF A STABLE MACROECONOMIC ENVIRONMENT

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KHALILI ARAJHI M.; RAMAZANPOOR I.

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Journal: Journal of Economic Research Year:2001 | Volume:- | Issue:58 Page(s): 1-28

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Title

THE IMPORTANCE OF A STABLE MACROECONOMIC ENVIRONMENT

Author(s)

KHALILI ARAJHI M. | RAMAZANPOOR I. | Issue Writer Certificate

Keywords

MACROECONOMIC ENVIRONMENT / REAL ECONOMIC GROWTH INFLATION RATE/ BUDGET DEFICIT RATIO / PERCENTAGE CHANGE IN THE REAL EXCHANGE RATE STANDARD DEVIATION OF GROWTH IN TERMS OF TRADE.Q4

Abstract

Macroeconomic Stability is a major prerequisite for real economic growth. In this Study in order to analyse the empirical relationship between macroeconomic instability and per capita real growth. a regression model has been specified for the Iranian economy. In this equation, Four variables including budget deficit as a ratio 10 CDP. inflation rate. percentage change in the real exchange rate. and the standard deviation of percentage change in the terms of trade have been used as proxies for macroeconomic instability. The equation has been estimated by OLS technique using annual data of the Iranian economy for 1342-77. Our findings point out that macroeconomic instability in Iran is a serious obstacle to economic growth. Securing macroeconomic Stability requires a more effective macroeconomic management, Pursuit of sound macroeconomic policies and greater Fiscal discipline.

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APA: Copy

KHALILI ARAJHI, M., & RAMAZANPOOR, I.. (2001). THE IMPORTANCE OF A STABLE MACROECONOMIC ENVIRONMENT. TAHGHIGHAT-E-EGHTESADI, -(58), 1-28. SID. https://sid.ir/paper/12110/en

Vancouver: Copy

KHALILI ARAJHI M., RAMAZANPOOR I.. THE IMPORTANCE OF A STABLE MACROECONOMIC ENVIRONMENT. TAHGHIGHAT-E-EGHTESADI[Internet]. 2001;-(58):1-28. Available from: https://sid.ir/paper/12110/en

IEEE: Copy

M. KHALILI ARAJHI, and I. RAMAZANPOOR, “THE IMPORTANCE OF A STABLE MACROECONOMIC ENVIRONMENT,” TAHGHIGHAT-E-EGHTESADI, vol. -, no. 58, pp. 1–28, 2001, [Online]. Available: https://sid.ir/paper/12110/en

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