The Effective Factors on Survival Duration of Economic Expansion in Selected Countries of Islamic Cooperation Organization (Survival Analysis Approach)

The aim of this paper is to investigate the effect of inflation rate, investment, oil price and oil income and the ratio of devoted credits to private sector divided by survival duration of economic expansion in twenty five OIC countries during the period of 1994-2014. For achieving this purpose, the research experiential model have been estimated by using cyclical models method by assuming Weibul distribution. The results from the estimated model indicate to positive affecting inflation, oil price, oil income, gross domestic fixed capital formation and the ratio of devoted credits to private sector divided by survival duration of economic expansion in the studding countries. So it can be suggested that the economic policy makers in the Islamic Cooperation Organization countries by increasing investment and by developing financial markets deal with increase of domestic production capacity and probability of more survival to economic expansion.