Analyzing the impact of electronic business on investment in Iran during the period from 1981 to 2012

The present study tends to analyze the impact of the development of stock market, as an index for electronic business, on the investment in Iran over the period 1981-2012. In this regard, the stock index variable to GDP has been used as an e-business index ARDL methods used to determine the presence or absence of short-term and long-term relationship of each independent variable on the dependent variable; to process data, Eviews 7 software is applied. The main findings of this study indicate that the stock index, as an index of e-business, has a significant positive effect on investment. In other words, the stock composes a portion of the wealth of people in the society and its increase coincides with rising incomes and, thus, it raises investment.