Mehrabadi et al
Greener Journal of Economics and Accountancy Vol. 1 (1), pp. 008-018, January 2012.
ISSN: 2354-2357 © 2011 Greener Journals
Survey of Oil and Non-oil Export Effects on Economic Growth in Iran
*1Monir Sadat Mirjamali Mehrabadi, 2Ebrahim Nabiuny
and 3Hamed Etemad Moghadam
1,2&3Jihad Daneshgahi, Markazi province
Emails: nabiuny @yahoo .com 2, hamed_etemad_biz @yahoo .com 3
*Corresponding Author’s Email: monir_mirjamali @yahoo .com, Tele fax: +988612217426
In the present article, we are going to examine the effects of oil and non-oil export on economic growth. Along with this concept, we have used the theory of time series and the method of VAR (Vector Auto Regressive) for the dependent variables RGDP (Real Gross National Production), ROEX (Real Oil Export) and RNOEX (Real Non Oil Export) for the years 1973-2007. At the end of the test, it is concluded that both the variables have positive effect on the economic growth of Iran. Considering the different theories about the economic growth in countries dependency to the income of oil, they all agree on the decrease of these dependencies. The increase of non-oil export and suitable policies should be applied to decrease the dependency to the oil income (considering its positive relationship with Iran’s economic growth).
Key Words: Oil export, Non oil export, Economic growth, Iran.