IMF Staff Country Reports

Islamic Republic of Iran: Selected Issues Paper

Publication Date:

September 27, 2004

Electronic Access:

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Summary:

This Selected Issues paper analyzes economic growth in Iran. It uses a growth-accounting exercise to quantify the historical sources of growth over 1960–2002, including human capital accumulation and the contribution of Total Factor Productivity to growth. The paper presents an empirical study to quantify the role of several other contributing factors commonly discussed in the cross-country growth literature, including macroeconomic stability, financial development, trade openness, and the change in the terms of trade. The paper also examines issues in medium-term management of oil wealth in Iran.

Series:

Country Report No. 2004/308

Subject:

Banking Commercial banks Financial institutions Human capital Labor Oil prices Prices Production State-owned banks Total factor productivity