Iranian Association for Management of Technology Journal of Science and Technology Policy 20080840 3 1 2009 07 23 The Long Run Relationship Between Knowledge Based Economy and Economic Growth in Iran The Long Run Relationship Between Knowledge Based Economy and Economic Growth in Iran 23 33 12794 FA Davood Behbudi Associated professor in Economics, University of Tabriz Behzad Amiri M.A. In Economics Journal Article 1970 01 01 Increasing total productivity of factors is an issue of upmost concern for economists in economic growth process. Recent developments in the theory of neoclassical economic growth identify knowledge as an important contributing factor to productivity growth. This paper examines the long-run relationship between variables contributing to knowledge and economic growth in Iran during 1968-2007. We use the Johansen method of co-integration and the error correction (VEC) model. The results show the existence of a long-run equilibrium relationship between economic growth and variables representing knowledge in the Iranian economy and also the positive effect of all these variables on the economic growth. In addition, coefficient of ECM is negative and small, implying slow adjustment towards the long-run equilibrium level. Increasing total productivity of factors is an issue of upmost concern for economists in economic growth process. Recent developments in the theory of neoclassical economic growth identify knowledge as an important contributing factor to productivity growth. This paper examines the long-run relationship between variables contributing to knowledge and economic growth in Iran during 1968-2007. We use the Johansen method of co-integration and the error correction (VEC) model. The results show the existence of a long-run equilibrium relationship between economic growth and variables representing knowledge in the Iranian economy and also the positive effect of all these variables on the economic growth. In addition, coefficient of ECM is negative and small, implying slow adjustment towards the long-run equilibrium level. Knowledge-based economy Economic growth Co- Integration Vector Error Correction Model https://jstp.nrisp.ac.ir/article_12794_741040725add81e63fafcbff9cf435d2.pdf