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Samadi, A., Ostadzad, A. (2014). The Optimal Share of Property Rights Protection Expenditure in Total Government Spending: The Case of Iran. Iranian Journal of Economic Studies, 1(2), 69-94. doi: 10.22099/ijes.2014.1562
Ali Hussein Samadi; Ali Hussein Ostadzad. "The Optimal Share of Property Rights Protection Expenditure in Total Government Spending: The Case of Iran". Iranian Journal of Economic Studies, 1, 2, 2014, 69-94. doi: 10.22099/ijes.2014.1562
Samadi, A., Ostadzad, A. (2014). 'The Optimal Share of Property Rights Protection Expenditure in Total Government Spending: The Case of Iran', Iranian Journal of Economic Studies, 1(2), pp. 69-94. doi: 10.22099/ijes.2014.1562
Samadi, A., Ostadzad, A. The Optimal Share of Property Rights Protection Expenditure in Total Government Spending: The Case of Iran. Iranian Journal of Economic Studies, 2014; 1(2): 69-94. doi: 10.22099/ijes.2014.1562

The Optimal Share of Property Rights Protection Expenditure in Total Government Spending: The Case of Iran

Article 4, Volume 1, Issue 2, Summer and Autumn 2012, Page 69-94  XML PDF (2054 K)
Document Type: Research Paper
DOI: 10.22099/ijes.2014.1562
Authors
Ali Hussein Samadi orcid 1; Ali Hussein Ostadzad2
1Professor of Economics in Shiraz University
2Ph.D Student in Shiraz University
Receive Date: 20 July 2013,  Accept Date: 20 July 2013 
Abstract
Abstract
The main purpose of this paper is to obtain the optimal amount of expenses of government relating to the protection of property rights (PPRs). To achieve these purposes we have introduced concept of social intelligence with respect to PPRs and then developed different growth model from existing literature. In the second step the optimal share of government spending on the PPRs is calculated.  The theoretical results show inverse relationship between budget deficits and government spending in the PPRs. In other words, with increasing amount of government deficit, government reduced spending of PPRs.  The results of calibration for Iranian economy show that, the growth rate of spending to PPRs should be equal to 31 percent for having sustainable economic growth rate of 6 percent.
 
Keywords
Augmented endogenous growth model; Property rights; Calibration; Iran
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