چکیده:
Levine (2002) and Beck and Levine (2002) are in conflict, which seems to be due to the research method and methodology. However, the results of some other studies are confirmed. Based on the results of this research, it can be said that the financial structure has been influential on Iran's economic growth. One of the very important topics in economic literature is examining the impact of financial structure on economic growth. Despite numerous studies conducted on different countries with different financial structures, a theoretical consensus regarding its impact on economic growth has not yet been reached. In this research, using common econometric methods, the relationship between financial structure and Iran's economic growth during the period 1370-1384 was tested. The results obtained showed that there is a significant statistical relationship between the country's financial structure and production; in other words, the financial structure had a significant effect on the level of production. The results obtained in this research, with the results obtained from studies
خلاصه ماشینی:
Results obtained from research by scholars such as (Demirguc-Kunt and Levine 1996, Levine 2002 and 2003, Beck and Levine 2002)2 indicate the lack of impact of financial structure on economic growth; such that based on the findings of these studies, neither bank-based nor equity-based financial systems affect economic growth.
In this article, an attempt is made, using statistics from Iran as a developing country, to estimate and test the relationship between economic growth and the country's financial structure.
research,1990 banks have in economic growth and development and the shortcomings and deficiencies of the equity-based financial system.
Based on theory in developing countries, banks can have a better impact on economic growth than the stock market (Gershenkorn, 1996)1.
According to this theory, the equity-based system, by creating a large, fluid, and liquid market, can better contribute to economic growth, profit motives, and consequently, corporate governance, and facilitate risk management (Levine, 2002, Beck and Levine 2002).
1-51 is, studies by Boyd and Smith (1998)1, have shown that as countries progress through stages of economic development, their financial structures also tend towards being equity-based.
Based on the research of Levine (2000) and Beck and Levine (2002), the ratio of the current market value of the stock market to bank facilities was considered as the financial structure variable.
Therefore, it can be said that based on the results of this research, the financial structure has an impact on the economic growth of Iran.
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