The Effect of Structural Change on Economic Welfare in Iran (CGE approach)

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MAHINIZADEH MANSOOR; YAVARI KAZEM; JALAEE ABDOLMAJID; JAFARZADEH BEHROOZ

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Journal: Financial Economics Year:2019 | Volume:13 | Issue:48 Page(s): 167-189

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Title

The Effect of Structural Change on Economic Welfare in Iran (CGE approach)

Author(s)

MAHINIZADEH MANSOOR | YAVARI KAZEM | JALAEE ABDOLMAJID | JAFARZADEH BEHROOZ | Issue Writer Certificate

Keywords

Iran’Q2

s EconomyQ2

Structural changesQ1

welfareQ1

computable general equilibrium modelQ1

Hicksian Equivalent VariationsQ1

Abstract

Increasing human well-being is undoubtedly one of the most important challenges for economic development and economic development requires Structural changes. Structural changes are a dynamic process that affects almost all of the real economic variables, including welfare. Therefore, Structural changes can be considered as a process for promoting the economic well-being of the community. In this context, the present study seeks to answer the question of how Structural changes in Iran's Economy affect the level of economic well-being. For this purpose, the share of employment in the main economic sectors including agriculture, industry and services has been used as a structural variable and using the computable general equilibrium model, the impact of Structural changes in Iran's Economy on economic well-being is measured by measuring the Hicksian Equivalent Variations. In this regard, four scenarios are defined that the results of all scenarios indicate the negative impact of Structural changes in employment on economic well-being. Also, the results of the research indicate the effect of service sector spillovers on the industry sector.

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APA: Copy

MAHINIZADEH, MANSOOR, YAVARI, KAZEM, JALAEE, ABDOLMAJID, & JAFARZADEH, BEHROOZ. (2019). The Effect of Structural Change on Economic Welfare in Iran (CGE approach). JOURNAL OF FINANCIAL ECONOMICS (FINANCIAL ECONOMICS AND DEVELOPMENT), 13(48 ), 167-189. SID. https://sid.ir/paper/229221/en

Vancouver: Copy

MAHINIZADEH MANSOOR, YAVARI KAZEM, JALAEE ABDOLMAJID, JAFARZADEH BEHROOZ. The Effect of Structural Change on Economic Welfare in Iran (CGE approach). JOURNAL OF FINANCIAL ECONOMICS (FINANCIAL ECONOMICS AND DEVELOPMENT)[Internet]. 2019;13(48 ):167-189. Available from: https://sid.ir/paper/229221/en

IEEE: Copy

MANSOOR MAHINIZADEH, KAZEM YAVARI, ABDOLMAJID JALAEE, and BEHROOZ JAFARZADEH, “The Effect of Structural Change on Economic Welfare in Iran (CGE approach),” JOURNAL OF FINANCIAL ECONOMICS (FINANCIAL ECONOMICS AND DEVELOPMENT), vol. 13, no. 48 , pp. 167–189, 2019, [Online]. Available: https://sid.ir/paper/229221/en

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