The Effects of Uncertainty in Real Effective Exchange Rate on the Value-Added of Economic Sectors in East Azerbaijan Province

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.

RANJPOUR REZA; SALMANI MOHAMMAD REZA; Karimi Tekanloo Zahra; Mokhtarzadeh Khaneghahi Nosrat

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

Journal Paper

Paper Information

Journal: JOURNAL OF SUSTAINABLE GROWTH AND DEVELOPMENT (THE ECONOMIC RESEARCH) Year:2019 | Volume:19 | Issue:1 Page(s): 1-28

Download Full-Text

Persian Verion

View:

272

Download:

Cites:

Information Journal Paper

Title

The Effects of Uncertainty in Real Effective Exchange Rate on the Value-Added of Economic Sectors in East Azerbaijan Province

Author(s)

RANJPOUR REZA | SALMANI MOHAMMAD REZA | Karimi Tekanloo Zahra | Mokhtarzadeh Khaneghahi Nosrat | Issue Writer Certificate

Keywords

VolatilityQ1

real effective exchange rateQ1

Value-addedQ1

Markov-Switching techniqueQ2

Panel dataQ1

East Azerbaijan provinceQ2

Abstract

The exchange rate as an important macroeconomic variable affects various economic sectors from different aspects. This study aims to determine the effects of exchange rate shocks on the performance of economic sectors of East Azerbaijan province. To this end, first exchange rate shock is calculated using a non-linear Markov-Switching (MS) model and is included as an explanatory variable in the final model. To estimate the nonlinear model based on the maximum likelihood function, a MS model with two regimes and a pause, i. e., MSIH (2)-AR (1), is selected. Then, a Panel data model with varying coefficients is estimated by pooled mean group estimator (PMGE). The model is used to analyze the effect of uncertainty in real effective exchange rate on Value-added of 15 economic sectors of East Azerbaijan province over the period 2000-2013. The results indicate positive and significant effects of capital, labor and the exports on Value-added of economic sectors. Among the 15 districts of the province, exchange rate Volatility has a negative and significant influence on Value-added and production of 4 out of 15 sectors. The results call for paying more attention to exchange rate Volatility and adopt effective policies to remove its adverse effects.

Cites

No record.

References

No record.

Cite

APA: Copy

RANJPOUR, REZA, SALMANI, MOHAMMAD REZA, Karimi Tekanloo, Zahra, & Mokhtarzadeh Khaneghahi, Nosrat. (2019). The Effects of Uncertainty in Real Effective Exchange Rate on the Value-Added of Economic Sectors in East Azerbaijan Province. JOURNAL OF SUSTAINABLE GROWTH AND DEVELOPMENT (THE ECONOMIC RESEARCH), 19(1 ), 1-28. SID. https://sid.ir/paper/367295/en

Vancouver: Copy

RANJPOUR REZA, SALMANI MOHAMMAD REZA, Karimi Tekanloo Zahra, Mokhtarzadeh Khaneghahi Nosrat. The Effects of Uncertainty in Real Effective Exchange Rate on the Value-Added of Economic Sectors in East Azerbaijan Province. JOURNAL OF SUSTAINABLE GROWTH AND DEVELOPMENT (THE ECONOMIC RESEARCH)[Internet]. 2019;19(1 ):1-28. Available from: https://sid.ir/paper/367295/en

IEEE: Copy

REZA RANJPOUR, MOHAMMAD REZA SALMANI, Zahra Karimi Tekanloo, and Nosrat Mokhtarzadeh Khaneghahi, “The Effects of Uncertainty in Real Effective Exchange Rate on the Value-Added of Economic Sectors in East Azerbaijan Province,” JOURNAL OF SUSTAINABLE GROWTH AND DEVELOPMENT (THE ECONOMIC RESEARCH), vol. 19, no. 1 , pp. 1–28, 2019, [Online]. Available: https://sid.ir/paper/367295/en

Related Journal Papers