Institutional Sectors in the Iranian Economy and a Comparison with Different Countries

The remarkable advancements in technology, particularly computer technology, and its indispensable role in the information explosion, the growing impact of various economic institutions on economic growth in various countries together with the different levels of the effects of economic institutions on value-added growth are among the reasons for differentiation of value-added based on economic institutions. Institutions guide information about market conditions, goods, and market participants, and this flow of information enables the businesses to identify patterns and high-yield activities and evaluate their credibility. This information also assists governments in establishing appropriate regulations, allowing them to influence the production, collection, analysis, review, distribution, or withholding of information for participants within and between communities and markets. In this respect, the review of applicable and institutional accounts provides a picture of the economic environment which, in turn, may be an effective guide for the design of development plans and economic policy-making. This study analyzes the behavior of each institutional sector in the Iranian economy from 1387 to 1395 (2008-2016). Furthermore, a comparison is made between the shares of institutional sectors in the Iranian economy and those of six developed countries, six developing countries, and two emerging economies. The study concludes with recommendations for future national programs.