OIL REVENUES AND ECONOMIC GROWTH IN IRAN BASED ON ENDOGENOUS STRUCTURAL BREAK

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.

MEHRARA MOHSEN

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

Journal Paper

Paper Information

Journal: Financial Economics Year:2014 | Volume:8 | Issue:26 Page(s): 33-52

Download Full-Text

Persian Verion

View:

1,241

Download:

Cites:

Information Journal Paper

Title

OIL REVENUES AND ECONOMIC GROWTH IN IRAN BASED ON ENDOGENOUS STRUCTURAL BREAK

Author(s)

MEHRARA MOHSEN | Issue Writer Certificate

Keywords

OIL REVENUESQ2

THE IRANIAN ECONOMYQ2

COINTEGRATION METHOD GVRY- GARY HANSENQ2

Abstract

This paper examines the nonlinear or asymmetric relationship between OIL REVENUES and output growth in a typical oil-exporting countries: Iran. We apply the Gregory-Hansen (1996) cointegration technique, allowing for the presence of potential structural breaks in data, to empirically examine the long-run co-movement as well as short run error correction mechanism (ECM) between oil price and output and different measures of oil shocks. The main results in this paper confirm the stylized facts that in heavily oil-dependent countries lacking the institutional mechanisms de-linking fiscal expenditure from current revenue, oil revenue shocks tend to affect the output in asymmetric and nonlinear ways. The findings suggest that output growth is adversely affected by the negative oil shocks, while oil booms or the positive oil shocks play a limited role in stimulating economic growth. The findings have practical policy implications for decision makers in the area of macroeconomic planning. The use of stabilization and savings funds and diversification of the real sector seems crucial to minimize the harmful effects of oil booms and busts.

Cites

No record.

References

Cite

APA: Copy

MEHRARA, MOHSEN. (2014). OIL REVENUES AND ECONOMIC GROWTH IN IRAN BASED ON ENDOGENOUS STRUCTURAL BREAK. JOURNAL OF FINANCIAL ECONOMICS (FINANCIAL ECONOMICS AND DEVELOPMENT), 8(26), 33-52. SID. https://sid.ir/paper/229005/en

Vancouver: Copy

MEHRARA MOHSEN. OIL REVENUES AND ECONOMIC GROWTH IN IRAN BASED ON ENDOGENOUS STRUCTURAL BREAK. JOURNAL OF FINANCIAL ECONOMICS (FINANCIAL ECONOMICS AND DEVELOPMENT)[Internet]. 2014;8(26):33-52. Available from: https://sid.ir/paper/229005/en

IEEE: Copy

MOHSEN MEHRARA, “OIL REVENUES AND ECONOMIC GROWTH IN IRAN BASED ON ENDOGENOUS STRUCTURAL BREAK,” JOURNAL OF FINANCIAL ECONOMICS (FINANCIAL ECONOMICS AND DEVELOPMENT), vol. 8, no. 26, pp. 33–52, 2014, [Online]. Available: https://sid.ir/paper/229005/en

Related Journal Papers