Mofid University The Journal of Economic Studies and Policies 2423-4648 0 24 2013 12 22 Per Capita Income Dynamics in Iranian Economy Per Capita Income Dynamics in Iranian Economy 147 162 26125 10.22096/esp.2013.26125 FA Omid Ranjbar Expert in Economic Studies, Ministry of Industry, Mines and Trade Zahra (Mila) Elmi Associate Professor, Faculty of Economics and Administrative Sciences, Mazandaran University Journal Article 2011 12 17 In this paper, we analysis the dynamics of per capita income by using Carrion –i- Silvestre et al. (2005) stationary test over the period 1950-2008. We use the Madison historical data. The Results show that Iran economy experienced a golden period over 1955-1976, and if this trend had been continued, Iran could be in high per capita income club countries. Because of economic policies after first oil shock, political – social changes in the1970s, the 1980-88 war with Iraq, economic sanctions and the oil price collapse in the year 1986, the GDP per Capita in Iran has fallen so much that if the Iranian economy were growing at an average rate of 4 % a year (economic growth in the 2000s), there would be a gap of 19 years between GDP per capita in 2008 and its forecast for this year. In this paper, we analysis the dynamics of per capita income by using Carrion –i- Silvestre et al. (2005) stationary test over the period 1950-2008. We use the Madison historical data. The Results show that Iran economy experienced a golden period over 1955-1976, and if this trend had been continued, Iran could be in high per capita income club countries. Because of economic policies after first oil shock, political – social changes in the1970s, the 1980-88 war with Iraq, economic sanctions and the oil price collapse in the year 1986, the GDP per Capita in Iran has fallen so much that if the Iranian economy were growing at an average rate of 4 % a year (economic growth in the 2000s), there would be a gap of 19 years between GDP per capita in 2008 and its forecast for this year. https://economic.mofidu.ac.ir/article_26125_a21679f89da6d712ed6581b3cc5fc64d.pdf