Economic Governance in Iran's Business Environment: Identifying and Evaluating Factors Affecting Investment Security

Document Type : Original Article

Authors

1 Assistant Professor, Department of Economic Governance, Faculty of Governance, University of Tehran, Tehran, Iran.

2 Assistant Professor, Department of Economics, Faculty of Economics and Political Sciences, Shahid Beheshti University, Tehran, Iran.

10.22034/jdesd.2025.9778.1335

Abstract

Delivering economic growth has long been regarded as the primary criterion by which various economic systems are assessed. Accordingly, the objective of policymakers is to create the conditions necessary for delivering economic growth. In this regard, investment plays a critical role in capital formation, as a key driver of economic growth. Investment is contingent upon various factors, with one of the most crucial being the assurance of investor regarding investment security. Given the Supreme Leader’s emphasis on enhancing investment security and the limited, fragmented, and non-comprehensive studies conducted regarding the case of Iran, the primary objective of this research is to identify and evaluate the factors affecting investment security in Iran. To achieve this purpose, this study employs both qualitative content analysis of documents and quantitative survey methods, using a questionnaire.
The findings from the content analysis of various documents and the survey completed by 115 economic experts indicate that the factors influencing investment security can be categorized under six dimensions, with 19 components and 65 factors. These include the economic dimension, pertaining to economic support frameworks provided by the government, characteristics of a conventionally successful economic system in delivering growth, economic governance, economic regulation, and the availability of economic inputs; the legal-judicial dimension, which covers the effectiveness of existing legislations, the performance of law enforcement, judicial performance, and regulatory oversight; the political dimension, which includes internal and external political factors; the administrative-managerial dimension, addressing administrative processes, management policies at the national level, and managerial commitments; the cultural-social dimension, which considers cultural and social components; and the international dimension, which involves foreign relations and external pressures.

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