Document Type : ORIGINAL ARTICLE
Authors
1 Assistant Professor, Department of Economics, Payame Noor University, Tehran, Iran.
2 Associate professor department of economics payame noor university
3 Assistant Professor of Economics, Payame Noor University, Tehran, Iran.
Abstract
The role and importance of investing in the growth and economic development in most theories of growth and economic development have been emphasized. Due to the lack of investment resources and the need for efficient allocation of resources to stimulate economic growth, it is necessary comparative advantages of a country to invest in resource allocation, correctly identified and guided the investment resources to the most productive and efficient use of the most efficient sectors the limited resources provided in order to accelerate economic growth. Therefore, This study seeks to find parts that invest in them to create more economic growth. This research was done by using time series data 1978-2023 and the method of co-integration Johansen – Juselius. The results of the study indicate that investment in the agricultural sector with a coefficient of 0.721, oil and gas with a coefficient of 0.432, services with a coefficient of 1.12, and industry and mining with a coefficient of 0.563 has a significant effect on the rate of production growth. Therefore, the investment priorities in terms of impact on production are in the services, agriculture, industry, and oil sectors, respectively.
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