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Inflation and Productivity in Iran, Cointegration Tests in the Presence of Structural Breaks

Ali Hossein Samadi; Ali Haghighat; Kazem Aminzadeh

Volume 8, Issue 27 , July 2006, , Pages 65-87

Abstract
  In this paper, we analyze the long –run relationship between inflation and Total Factor Productivity (TFP) in the Iranian economy during 1338-1380. For this purpose, we use Gregory –Hansen (1996) Cointegration test. Our Study proceeds at the following steps. 1. We set up a multivariate model ...  Read More