ARDL
Mahdi Fadaee; Somayeh Nayeri
Volume 1, Issue 1 , January 2012, , Pages 159-133
Abstract
In economic growth and development analysis, cultural change has a special situation. Cultural indicators can affect on production factors and economic growth endogenously and exogenously. Nowadays, in economic literature capital divided to: Physical, Human, Cultural, Social and Natural capital. In this ...
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In economic growth and development analysis, cultural change has a special situation. Cultural indicators can affect on production factors and economic growth endogenously and exogenously. Nowadays, in economic literature capital divided to: Physical, Human, Cultural, Social and Natural capital. In this research, first, we survey cultural indicators, and then point to production factors especially on capital and theatrically factors and GDP. In this research we used Auto Regressive Distributed Lag (ARDL) model to analyze short and long run relations between variables and then test the stability of model by CUSUM and CUSUMQ. Error Correction model (ECM) model is used to show how the short run shocks justify in next periods. Findings show that the model was stable and cultural indicators during 1975-2005 had significant and positive effect on economic growth of Iran.
