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Financial development under financial repression: the case of Iran

Financial development under financial repression: the case of Iran

Feridun, M. and Nejad, O.D. (2013) Financial development under financial repression: the case of Iran. Investment Management and Financial Innovations, 10 (1). pp. 197-206. ISSN 1810-4967 (Print), 1812-9358 (Online)

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Abstract

The purpose of this article is to investigate the determinants of financial development in Iran to assess whether financial repression has a significant impact on financial development using annual data spanning the period between 1965 and 2006 using Autoregressive Distributed Lag (ARDL) bounds testing procedure and Error Correction Models (ECM). The results suggest that trade openness, savings and economic growth have a positive impact on financial development. On the other hand, composite financial repression index has a negative impact on financial development, which suggests that repressive financial policies have a negative impact on financial development process.

Item Type: Article
Uncontrolled Keywords: financial development, financial repression, ARDL bounds tests
Subjects: H Social Sciences > HF Commerce
Faculty / Department / Research Group: Faculty of Business > Greenwich Political Economy Research Centre (GPERC)
Faculty of Business > Department of International Business & Economics
Related URLs:
Last Modified: 02 Nov 2016 13:52
Selected for GREAT 2016: None
Selected for GREAT 2017: None
Selected for GREAT 2018: None
URI: http://gala.gre.ac.uk/id/eprint/10273

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