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Showing 1 results for Per Capita Gdp

Hosein Mohammadi, Mehdi Mahmoudi,
Volume 8, Issue 28 (7-2017)
Abstract

Interest rate is one of the most important policy variabels in macroeconomic. Global financial crises and big debt in some countries around the world, make the importance interest rate more explicitly. In the carrent study, the effect of interest rate, inflation, government investment and expenditure on GDP capita per was investigated using panel data approach. Forthermore panel VAR method was used to consider the effects of each mentioned variables on each other and investigating causality relationships between these variabls. 20 Islamic and 19 Non-Islamic countries during 1990-2014 were selected for this study. The results show that in  both Islamic and Non-Islamic countries, interest and inflation rate have a significant negative effect on GDP per capita. Government investment in both groups of countries have a significant positive effect on GDP per capita. These results are inline with economic theories. Finally, government expenditures in these groups of countries have different effect on GDP per capita. also lowering interest rate Non-Islamic countries has a considerable effect on other variables.

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