THE EFFECT OF KNOWLEDGE AND TECHNOLOGY'S TEACHING ON ECONOMIC GROWTH IN IRAN

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MEHREGAN NADER; SEPAHBAN GHAREHBABA ASGHAR; LORESTANI ELHAM

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Journal: JOURNAL OF ECONOMIC GROWTH AND DEVELOPMENT RESEARCH Year:2012 | Volume:2 | Issue:6 Page(s): 71-93

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Title

THE EFFECT OF KNOWLEDGE AND TECHNOLOGY'S TEACHING ON ECONOMIC GROWTH IN IRAN

Author(s)

MEHREGAN NADER | SEPAHBAN GHAREHBABA ASGHAR | LORESTANI ELHAM | Issue Writer Certificate

Keywords

EDUCATIONQ2

ECONOMIC GROWTHQ2

LUCAS GROWTH MODELQ2

CO-INTEGRATIONQ2

VECTOR ERROR CORRECTION MODELQ3

Abstract

In Lucas growth endogenous, we focus on human EDUCATION that causes the weakness of decline return.Therefore the lack of autogenous technology cannot omit long term per capita growth.Human capital against autogenous growth model can be saved by investment i.e. people can choose how long they invest on EDUCATION. So it is supposed that human capital is an accumulated input with fix return.Finally from the model concluded that in shortage of autogenous technical progress the long term growth rate can be explained by accumulation of human capital.In this paper it is tried to search the effect of human EDUCATION on growth rate in Iran by Lucas growth endogenous.The model that has been used in this paper is estimated by time series of 1959-2007 and five steps CO-INTEGRATION approach of Johansson and VECTOR ERROR CORRECTION MODEL.Finally, based on two obtained co-integrated vectors, it is concluded that in long term there is a positive relationship between index of knowledge oriented employment and increase of physical capital's accumulation on Iran's ECONOMIC GROWTH.In addition, both of these vectors show that knowledge oriented employment has been very influential in the ECONOMIC GROWTH of the country in the long term.

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APA: Copy

MEHREGAN, NADER, SEPAHBAN GHAREHBABA, ASGHAR, & LORESTANI, ELHAM. (2012). THE EFFECT OF KNOWLEDGE AND TECHNOLOGY'S TEACHING ON ECONOMIC GROWTH IN IRAN. JOURNAL OF ECONOMIC GROWTH AND DEVELOPMENT RESEARCH, 2(6), 71-93. SID. https://sid.ir/paper/192053/en

Vancouver: Copy

MEHREGAN NADER, SEPAHBAN GHAREHBABA ASGHAR, LORESTANI ELHAM. THE EFFECT OF KNOWLEDGE AND TECHNOLOGY'S TEACHING ON ECONOMIC GROWTH IN IRAN. JOURNAL OF ECONOMIC GROWTH AND DEVELOPMENT RESEARCH[Internet]. 2012;2(6):71-93. Available from: https://sid.ir/paper/192053/en

IEEE: Copy

NADER MEHREGAN, ASGHAR SEPAHBAN GHAREHBABA, and ELHAM LORESTANI, “THE EFFECT OF KNOWLEDGE AND TECHNOLOGY'S TEACHING ON ECONOMIC GROWTH IN IRAN,” JOURNAL OF ECONOMIC GROWTH AND DEVELOPMENT RESEARCH, vol. 2, no. 6, pp. 71–93, 2012, [Online]. Available: https://sid.ir/paper/192053/en

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