An Empirical Study of the Relationship between Investment and Economic Growth the Case Study of Target Countries of Twenty-Year Vision Document

The effectiue factors on economic growth always have been considered by economic specialists and policy makers. Investment is an example of these factors. This study examines the relationship between different kind of investment and economic growth in the context of endogenous growth model for target countries of twenty-year vision document over the period of 1990-2010 by using panel data approach. The results indicate that population growth and the average number of subscribers in the stage of primary school education had a negative and significant impact on economic growth. Also، the effect of domestic investment and the annual inflation rate and export was positive and significant but the effect of exchange rate and FDI was not significant.