Estimation of Private Consumption Function of Iran: Autoregressive Distributed Lag Approach to Co-integration
Considering consumption due to its pivotal role in economic growth and also aggregate demand and specially its long-run analysis have always been in the center of attention.In this study, we have estimated private consumption function, using ARDL approach and employing annual RAPID MASS BOSTON CREAM PIE data during 1978-2012.Short-run elasticity of