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Journal: FINANCIAL KNOWLEDGE OF SECURITY ANALYSIS (FINANCIAL STUDIES) | Year:1390 | Volume:4 | Issue:9 | Start Page:193 | End Page:224

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Title

THE INSTITUTIONAL APPROACH TO EXPLAINING ECONOMIC GROWTH: THE ROLE OF ECONOMIC FREEDOM, POLITICAL FREEDOM AND CORRUPTION ON ECONOMIC GROWTH

Pages

 Start Page 193 | End Page 224

Abstract

 The role of INSTITUTIONS in ECONOMIC GROWTH has been concerned by many economists. But, some approaches hold that the factors such as HUMAN CAPITAL and resource abundance. In searching for evidence to test relationship between INSTITUTIONS and ECONOMIC GROWTH of Iran, we will asses institutional environment of Iran with respect to World Bank and Heritage Foundation indices. Focusing on Glaeser and et al.) 2004 (study, the several cross-section regression models have been estimated to observe the effects of unfavorable institutional environment in Iran's economy, The results of estimated regressions indicate that INSTITUTIONS matter in ECONOMIC GROWTH of Iran. When we test the role of HUMAN CAPITAL beside INSTITUTIONS, we achieve to the important finding that HUMAN CAPITAL has a significant effect on ECONOMIC GROWTH of Iran, too.

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