بررسي اثرگذاري نرخ سود تسهيلات بانكي بر سرمايه گذاري بخش خصوصي در افق بلند مدت ايران

Examination of the Effect of Bankʹs Credit Rates on Private Sector Investment in Long-Term Horizon in Iran

There are two main reasons for studying investment in an economy. First, the combination of firmsʹ investment demand and householdʹs saving supply determines how much of an economysʹ resoures is invested. Second, investment is highly volatile; thus investment demand may be important in the short-run fluctuations. The present article examins the relationship and veracity of existence of banks profit rate (as a proxy for interest rate) with the level of pricate sector investment in the short and log-run in Iran. For this purpose, using die method of Auto Regressive Distributed Lags, the model is estimated, and a negative and significant relation is found between credit rate with private sector investment both in short-term & long- term horizons.