Volume 18, Issue 2 (5-2021)
jor 2021, 18(2): 75-89 |
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Khodabakhshi M, Cheraghali Z. Using Mathematical Programming Model to Investigate the More Production of Various Sectors of Iran Economy. jor 2021; 18 (2) :75-89
URL: http://jamlu.liau.ac.ir/article-1-1950-en.html
URL: http://jamlu.liau.ac.ir/article-1-1950-en.html
Department of Mathematics, Faculty of Mathematical Sciences, Shahid Beheshti University, General Campus, Tehran, Iran
Abstract: (1729 Views)
Planning can be defined as a set of coordinated, coherent, and feasible activities to achieve specific and predetermined goals over a given time frame and based on available facilities. Implementation of economic development planning models is very important, according to prevailing conditions in society and the constraints in society. One of the models used in economic development planning is the mathematical planning model. In this article, we use a mathematical programming optimization model and we run it for real Iranian data over the period 2008-2012. Value added is defined by the Cobb-Douglas model, and the results of the model report labor force share, capital share and total factor productivity of the factors of production. According to the model results, if the Iranian economy could achieve higher value added, then Iran's economic growth in 2012 would have changed from -6.6% to 3.1%. Based on the results, the efficiency score of each section has calculated and we rank the sections based on their efficiency score.
Keywords: Development Planning, Mathematical Programming, Efficiency, Cobb-Douglas Function, Economic Growth of Iran
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