Factors Affecting the Growth of Various Sectors of the Economy with Emphasis on Exports and Investment

In this study, impact of export and investment of Iranian economic different sectors (agriculture, industry, service and oil petroleum) on value added of the sectors was investigated. For this purpose, ARDL method is used for analyzing policy in the industry, service and oil petroleum sectors. Also, VECM is used for analyzing policy in agriculture sector. The result indicated that agriculture, oil and service export had a significant impact on their value in long run period and oil and agriculture export have not significance impact on their value added in short run period. The result showed that deviations of the value added in the oil and industry sectors after a one period are adjusted faster than other sectors. Enforcing a shock on agriculture value added has a significant effect on agriculture investment. Also, the effect of enforcing a shock on agriculture export will be seen in the early period. The enforcing a shock on agriculture export has a significant effect on agriculture investment too.

JEL Classification: C32, E10, E22, E60, C13