Volume 16, Issue 1 (Spring 2011)
JPBUD 2011, 16(1): 47-73 |
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Ebrahimi S. (2011). The Effects of Petroleum Price on Economic Growth and Government’s Financial Variables in Iran. JPBUD. 16(1), 47-73.
URL: http://jpbud.ir/article-1-273-en.html
URL: http://jpbud.ir/article-1-273-en.html
Ph.D. Student, University of Tehran , se6383@gmail.com
Abstract: (15312 Views)
Petroleum price is a variable which affects the economies of all countries (either exporters or importers). This paper uses Iran’s economic data during 1959-2006 to study the petroleum price impact on Government’s financial variables and economic growth through cointegrated VAR method. An influential facet of petroleum price is uncertainty and its effect. This uncertainty is taken from GARCH (1,1) model. Unsymmetrical effects of petroleum price on the variables of the model are examined as well. According to the findings, the main hypothesis of the study about the effectiveness of the petroleum price on Iran’s economy through Government’s budget, is not rejected.
Type of Study: Research |
Received: Nov 22 2010 | Accepted: Jan 31 2011 | ePublished: Jun 20 2011
Received: Nov 22 2010 | Accepted: Jan 31 2011 | ePublished: Jun 20 2011
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