THE IMPACT OF OIL PRICE VOLATILITY ON IRAN'S GDP GROWTH A MARKOV MODEL ANALYSIS

Q: How can I download an article?

To download an article from SID, first log in to the site, search for the article title, and click on the 'Download Article' option.

Q: How can I download an ISI article?

To download an ISI article on SID, enter the keyword or article title in the search bar, view the relevant results, click on the desired article, and select the 'Download Article' option.

Q: How can I access the SID database?

To access the SID database, visit SID.ir, create an account, and log in to access scientific resources.

Q: Is downloading articles from SID free?

Some articles on SID are available for free, while others require payment. Details are specified on the article's page.

SADEGHI S.K.; MOTAFAKKERAZAD MOHAMAD ALI; POUREBADOLLAHAN COVICH MOHSEN; SHAHBAZZADEH KHIAVI A.

مرکز اطلاعات علمی Scientific Information Database (SID) - Trusted Source for Research and Academic Resources

Journal Paper

Paper Information

Journal: JOURNAL OF APPLIED ECONOMICS STUDIES IN IRAN Year:2013 | Volume:2 | Issue:5 Page(s): 31-55

Download Full-Text

Persian Verion

View:

1,606

Download:

Cites:

Information Journal Paper

Title

THE IMPACT OF OIL PRICE VOLATILITY ON IRAN'S GDP GROWTH A MARKOV MODEL ANALYSIS

Author(s)

SADEGHI S.K. | MOTAFAKKERAZAD MOHAMAD ALI | POUREBADOLLAHAN COVICH MOHSEN | SHAHBAZZADEH KHIAVI A. | Issue Writer Certificate

Keywords

GDP GROWTHQ2

OIL PRICE VOLATILITY INDEXQ2

EGARCHQ2

MARKOV SWITCHING MODELSQ2

Abstract

Considering the major impact which volatility in the oil prices has on various sectors of Iran's economy and the importance of that role in economic growth and development, this paper intends to investigate the effects of the volatility in oil prices on Iran's output growth for the period of 1968 to 2010. To that end, OIL PRICE VOLATILITY INDEX has been estimated incorporating with EGARCH (0, 1) model using the Markov-Switching's nonlinear models to investigate the effects of the impact of oil price volatility on Iran's output growth. Estimations obtained through the MARKOV SWITCHING MODELS indicated that MSIAH model with two regimes out of the various MS model are the most suitable ones. The result of the estimations obtained through the MARKOV SWITCHING MODELS indicated that the OIL PRICE VOLATILITY INDEX with considering two different regimes and lagging time intervals are significant and effect on the GDP GROWTH and strongly influence of oil price volatility both two regimes had different and regime 1 stranger regime 2. The practical implications of these findings could be beneficial to the investors and policy makers who need to be aware of the exact nature of the effects which oil price volatility has on the economic growth.

Cites

No record.

References

Cite

APA: Copy

SADEGHI, S.K., MOTAFAKKERAZAD, MOHAMAD ALI, POUREBADOLLAHAN COVICH, MOHSEN, & SHAHBAZZADEH KHIAVI, A.. (2013). THE IMPACT OF OIL PRICE VOLATILITY ON IRAN'S GDP GROWTH A MARKOV MODEL ANALYSIS. JOURNAL OF APPLIED ECONOMICS STUDIES IN IRAN, 2(5), 31-55. SID. https://sid.ir/paper/226537/en

Vancouver: Copy

SADEGHI S.K., MOTAFAKKERAZAD MOHAMAD ALI, POUREBADOLLAHAN COVICH MOHSEN, SHAHBAZZADEH KHIAVI A.. THE IMPACT OF OIL PRICE VOLATILITY ON IRAN'S GDP GROWTH A MARKOV MODEL ANALYSIS. JOURNAL OF APPLIED ECONOMICS STUDIES IN IRAN[Internet]. 2013;2(5):31-55. Available from: https://sid.ir/paper/226537/en

IEEE: Copy

S.K. SADEGHI, MOHAMAD ALI MOTAFAKKERAZAD, MOHSEN POUREBADOLLAHAN COVICH, and A. SHAHBAZZADEH KHIAVI, “THE IMPACT OF OIL PRICE VOLATILITY ON IRAN'S GDP GROWTH A MARKOV MODEL ANALYSIS,” JOURNAL OF APPLIED ECONOMICS STUDIES IN IRAN, vol. 2, no. 5, pp. 31–55, 2013, [Online]. Available: https://sid.ir/paper/226537/en

Related Journal Papers