The Impact of Socio-Cultural Factors on Iran’s Economic Growth using Panel Data Method and Clustering Analysis

Document Type : Original Article

Authors

1 Department of Economics, Faculty of Social Sciences, Razi University of Kermanshah

2 MA in Economics, Faculty of Social Sciences, Razi University of Kermanshah

Abstract

Given the increasing importance of the influence of culture and socio-cultural factors on economic issues, in this study, using the method of least squares panel data and clustering analysis, the impact of these factors on economic growth of provinces in the years 2009-2012 are investigated. The results indicate that there is a positive relationship between literacy rates and per capita real income, also the negative relationship between unemployment and poverty rates with per capita real income. Finally, dividing Iranian provinces into three groups, and computing HDI index, the rankings of provinces and the trend of their changes for different time periods are evaluated.

Keywords

References

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Journal of Economics and Modelling
Volume 7, Issue 26 - Serial Number 26
September 2016
Pages 49-70

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