Islamic Republic of Iran: Selected Issues Paper

IMF Staff Country Reports, September 27, 2004

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Islamic Republic of Iran: Selected Issues Paper

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Bibliographic details

• Published: September 27, 2004
• Series: IMF Staff Country Reports
• DOI: https://doi.org/10.5089/9781451819007.002

Key analyses

• 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.
• Presents an empirical study to quantify the role of other contributing factors commonly discussed in the cross-country growth literature, including:
  • macroeconomic stability
  • financial development
  • trade openness
  • the change in the terms of trade
• Examines issues in medium-term management of oil wealth in Iran.

Empirical focus and methodological points

• Growth-accounting framework applied to the period 1960–2002.
• Empirical study quantifying the roles of:
  • macroeconomic stability
  • financial development
  • trade openness
  • change in the terms of trade
• Explicit measurement of human capital accumulation and Total Factor Productivity contributions.

Policy-relevant issues discussed

• Medium-term management of oil wealth in Iran.
• Implicit policy levers examined through the empirical analysis:
  • macroeconomic stabilization measures
  • financial system development and reform
  • trade policy openness
  • responses to terms-of-trade changes

Subjects and keywords (as listed)

• Subject: Banking, Commercial banks, Financial institutions, Human capital, Labor, Oil prices, Prices, Production, State-owned banks, Total factor productivity
• Keywords: bank Keshavarzi, central bank, Commercial banks, consumption path, CR, East Africa, East Asia, financial system reform, GDP, GDP growth, Human capital, import prices ratio, instrument independence, investment rate, ISCR, Middle East, monetary policy, monetary policy objective, North Africa, North America, Northern Europe, oil GDP, Oil prices, price, rate of return, State-owned banks, Total factor productivity

Key publication identifiers and statistics

• Pages: 72
• Volume: 2004
• Issue: 308
• Series: Country Report No. 2004/308
• Stock No: 1IRNEA0032004
• ISBN: 9781451819007
• ISSN: 1934-7685
• DOI: https://doi.org/10.5089/9781451819007.002
• Publication date on landing page: September 27, 2004

Islamic Republic of Iran: Selected Issues Paper — IMF Staff Country Reports (2004), Country Report No. 2004/308

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