Risk aversion and business cycle in Iranian economy

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.

Aminirad Mehdi; MEHREGAN NADER; SHAHABADI ABOLFAZL; Jafariseresht Davod

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

Journal Paper

Paper Information

Journal: JOURNAL OF ECONOMICS AND MODELING (JOURNAL OF ECONOMICS) Year:2019 | Volume:10 | Issue:2 Page(s): 35-58

Download Full-Text

Persian Verion

View:

441

Download:

Cites:

Information Journal Paper

Title

Risk aversion and business cycle in Iranian economy

Author(s)

Aminirad Mehdi | MEHREGAN NADER | SHAHABADI ABOLFAZL | Jafariseresht Davod | Issue Writer Certificate

Keywords

Risk PremiumQ2

Kalman FilterQ2

Business CycleQ2

Risk aversionQ1

Abstract

The preferences of individuals towards risk are one of the most important economic variables and have a significant impact on economic decisions. Investment decisions, consumption, saving, purchases of insurance and future contracts are among the decisions where risk preferences play a key role. Considering the importance of risk preferences in the decision-making process, it is necessary to calculate an indicator that can show the state of risk-orientation in the whole economy. The purpose of this paper is to estimate the time series of the Risk aversion parameter in Iran's economy based on quarterly data during the period of 2002-2017. For this purpose, Time-Varying parameter GARCH in mean models was used. Estimates of Risk aversion in Iran's economy showed that this parameter was not constant in Iran's economy and fluctuated between 0. 81 and 7. 6 over the period under study. The results also showed that Risk aversion is much lower in the boom period than the recession and has a countercyclical behavior.

Cites

No record.

References

No record.

Cite

APA: Copy

Aminirad, Mehdi, MEHREGAN, NADER, SHAHABADI, ABOLFAZL, & Jafariseresht, Davod. (2019). Risk aversion and business cycle in Iranian economy. JOURNAL OF ECONOMICS AND MODELING (JOURNAL OF ECONOMICS), 10(2 ), 35-58. SID. https://sid.ir/paper/393194/en

Vancouver: Copy

Aminirad Mehdi, MEHREGAN NADER, SHAHABADI ABOLFAZL, Jafariseresht Davod. Risk aversion and business cycle in Iranian economy. JOURNAL OF ECONOMICS AND MODELING (JOURNAL OF ECONOMICS)[Internet]. 2019;10(2 ):35-58. Available from: https://sid.ir/paper/393194/en

IEEE: Copy

Mehdi Aminirad, NADER MEHREGAN, ABOLFAZL SHAHABADI, and Davod Jafariseresht, “Risk aversion and business cycle in Iranian economy,” JOURNAL OF ECONOMICS AND MODELING (JOURNAL OF ECONOMICS), vol. 10, no. 2 , pp. 35–58, 2019, [Online]. Available: https://sid.ir/paper/393194/en

Related Journal Papers