Abstract
This research seeks to determine the effect of human capital and physical and non-oil exports of industrial sector, the real Gross Domestic Product (GDP) in the country during 1959 to 2007. The purpose of this study is to determine the relationship between Industrial exports and economic growth in Iran. The theoretical framework was designed based on this assumption that the total GDP in the economy is divided into two sections, production for inside and production for export. The data were collected from 1959 to 2007 and was analyzed using Ordinary Least Squares (OLS) model. The result of the analyses shows that there is significant relationship between Industrial exports and economic growth. Together, the independent variables explained 93% of the variance in the dependent variables. In relation to that, it is concluded that explanatory power is high for the equation that shows that one percent change in Industrial exports rate lead to 44% in economic growth. Therefore, an Industrial export is regarded as an important factor in Iran's economic growth.
Highlights
Industry has a special place in the field of technical innovations, research and development to achieve economic development of any country
We want to estimate the process variables used in the model introduce the Feder model in the study and stationary and non stationary variables will be examined by the Augmented Dickey – Fuller (ADF) test
Experimental results of this study show that macroeconomic variable has an effect on Gross Domestic Product (GDP) directly and considerable
Summary
Industry has a special place in the field of technical innovations, research and development to achieve economic development of any country. Competitive conditions in the field of quality and price of goods in international economics, has led to economic decision makers in the country to have an acceptable understanding of the necessity of use of non-oil exports. Many industrial goods are produced within, which was previously produced from foreign markets and was imported to the country. Change in economic orientation and tendency towards entering the export markets requires that the industrial sector, to adapt him self to circumstances and competitive criteria. Some of these criteria include: International standards, applying advanced technology and commitment to controlling quality of goods produced and improve methods of packing goods. Access to international markets should be done depends on the steps above and revised policies and strategies on industrial countries to industrialized countries and less developed markets be opened to the Islamic Republic of Iran on building products
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