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Paper Information

Journal:   JOURNAL OF SUSTAINABLE GROWTH AND DEVELOPMENT (THE ECONOMIC RESEARCH)   FALL 2006 , Volume 6 , Number 3; Page(s) 17 To 48.
 
Paper: 

AN ANALYSIS OF THE EFFECTS OF FINANCIAL REPRESSION ON ECONOMIC GROWTH IN IRAN

 
 
Author(s):  KAMIJANI A., SEYFIPOUR R.
 
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Abstract: 

In a typical endogenous growth model, most of the economists pay attention to relation between financial development and economic growth. The results of such studies indicate that provision of financial services expand the entrepreneurship activities and improve the efficiency of investment which promotes the economic growth. But the barriers in front of financial activity such as imposing ceiling of interest rate, credit rationing, high reserve requirement ratio, etc. can reduce the level of saving and investment and cause slowdown in economic growth.

Experience of Iran in past decades shows that financial sector has faced with severe restrictions. These restrictions or, in other words, financial repression caused slowdown in economic growth.
In the framework of Kapur model (1974), the present paper introduces two policy actions through which the depth of financial repression is decreased: increasing the interest rates and decreasing the inflation rate through reducing the growth of money (liquidity).

 
Keyword(s): FINANCIAL REPRESSION, ECONOMIC GROWTH, ECONOMETRIC MODEL
 
 
References: 
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Citations: 
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APA: Copy

KAMIJANI, A., & SEYFIPOUR, R. (2006). AN ANALYSIS OF THE EFFECTS OF FINANCIAL REPRESSION ON ECONOMIC GROWTH IN IRAN. JOURNAL OF SUSTAINABLE GROWTH AND DEVELOPMENT (THE ECONOMIC RESEARCH), 6(3), 17-48. https://www.sid.ir/en/journal/ViewPaper.aspx?id=102614



Vancouver: Copy

KAMIJANI A., SEYFIPOUR R.. AN ANALYSIS OF THE EFFECTS OF FINANCIAL REPRESSION ON ECONOMIC GROWTH IN IRAN. JOURNAL OF SUSTAINABLE GROWTH AND DEVELOPMENT (THE ECONOMIC RESEARCH). 2006 [cited 2021July26];6(3):17-48. Available from: https://www.sid.ir/en/journal/ViewPaper.aspx?id=102614



IEEE: Copy

KAMIJANI, A., SEYFIPOUR, R., 2006. AN ANALYSIS OF THE EFFECTS OF FINANCIAL REPRESSION ON ECONOMIC GROWTH IN IRAN. JOURNAL OF SUSTAINABLE GROWTH AND DEVELOPMENT (THE ECONOMIC RESEARCH), [online] 6(3), pp.17-48. Available: https://www.sid.ir/en/journal/ViewPaper.aspx?id=102614.



 
 
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