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Abstract: (37 Views)
Exchange rate fluctuations and deviation from the equilibrium path is one of the most important macroeconomic variables, which does not have a similar and identical impact on various aspects of different sectors of the economy, and considering the remarkable importance that the development of various economic sectors can have on the economic development of the country, this research examines and evaluates the effects of asymmetric exchange rate fluctuations on the added value of the industry, services and agriculture sectors during the period 1:1380 to 1400:4. NARDL method has been used to investigate the effects of asymmetric exchange rate fluctuations. The findings show that the effect of real currency fluctuations on all sectors is non-linear and asymmetric. In the industrial sector, the coefficients of positive and negative real exchange rate shocks in the long term reduce the added value of this sector, and in the short term, the positive values of the logarithm of real exchange rate shocks have a negative and significant effect on the added value of the industrial sector in the period under review. In the agricultural sector, in the long term, only negative values of real exchange rate shocks have a significant effect on the added value of this sector, and positive values of real exchange rate shocks do not have a significant effect on the added value of this sector. Also, in the short term, positive and negative values of real exchange rate shocks have a negative and significant effect and a positive and significant effect on the added value of this sector. In the service sector, in the long term, positive values of real exchange rate shocks have a significant positive effect and negative values of real exchange rate shocks have a negative and significant effect and lead to a decrease in the added value of the service sector
Keywords: Asymmetric fluctuations, added value of the industry sector, added value of the service sector, added value of the agricultural sector, non-linear approach, exchange rate fluctuations.
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