LONG-RUN RELATIONS BETWEEN EMPLOYMENT AND CAPITAL STOCK IN AGRICULTURAL SECTOR OF IRAN

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BALALI H.; KOHZADI N.

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Journal: JOURNAL OF SUSTAINABLE GROWTH AND DEVELOPMENT (THE ECONOMIC RESEARCH) Year:2002 | Volume:1 | Issue:4 Page(s): 51-62

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Title

LONG-RUN RELATIONS BETWEEN EMPLOYMENT AND CAPITAL STOCK IN AGRICULTURAL SECTOR OF IRAN

Author(s)

BALALI H. | KOHZADI N. | Issue Writer Certificate

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Abstract

Economic growth and development depends on various factors. but labor and capital have very important roles in improvement of this case. To analyze the long-run relations and co-integration between labor and capital in agricultural sector of Iran. we have used 1966-96 time series. For stationary testing of time series. the ADF method has been used. and the results revealed that both of variables are non- stationary and integrated of order (1). Both of ARDL and Johansen approaches indicated that, there is a positive long-run relation between two variables. Then. to connect the short-run fluctuations by long-run equilibrium, Error Correction model was used. The results showed that, the rate of adjustment is low, but it leads to long-rune quilibrium.

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APA: Copy

BALALI, H., & KOHZADI, N.. (2002). LONG-RUN RELATIONS BETWEEN EMPLOYMENT AND CAPITAL STOCK IN AGRICULTURAL SECTOR OF IRAN. JOURNAL OF SUSTAINABLE GROWTH AND DEVELOPMENT (THE ECONOMIC RESEARCH), 1(4), 51-62. SID. https://sid.ir/paper/86376/en

Vancouver: Copy

BALALI H., KOHZADI N.. LONG-RUN RELATIONS BETWEEN EMPLOYMENT AND CAPITAL STOCK IN AGRICULTURAL SECTOR OF IRAN. JOURNAL OF SUSTAINABLE GROWTH AND DEVELOPMENT (THE ECONOMIC RESEARCH)[Internet]. 2002;1(4):51-62. Available from: https://sid.ir/paper/86376/en

IEEE: Copy

H. BALALI, and N. KOHZADI, “LONG-RUN RELATIONS BETWEEN EMPLOYMENT AND CAPITAL STOCK IN AGRICULTURAL SECTOR OF IRAN,” JOURNAL OF SUSTAINABLE GROWTH AND DEVELOPMENT (THE ECONOMIC RESEARCH), vol. 1, no. 4, pp. 51–62, 2002, [Online]. Available: https://sid.ir/paper/86376/en

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