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Information Journal Paper

Title

EFFECTS OF OIL PRICE SHOCKS ON AGRICULTURAL SECTOR USING DYNAMIC STOCHASTIC GENERAL EQUILIBRIUM MODEL

Pages

  1211-1226

Abstract

 This study aimed to develop a MULTI- SECTOR Dynamic Stochastic General Equilibrium (Large DSGE) model for Iran’s economy. In this model, economy was divided into three sectors: AGRICULTURE, non-AGRICULTURE, and oil. Imports and exports were also included in the model. In order to adapt the model with Iran’s economic conditions, price STICKINESS in AGRICULTURE and non- AGRICULTURE were included. Then, the impact of rising OIL PRICES on agricultural sector was examined. To calculate the required coefficients, 1971-2012 data was gathered and BAYESIAN method was used. The results showed the negative impacts of rising OIL PRICES on AGRICULTURE as well as the negative effects of Dutch Disease.

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    APA: Copy

    PERMEH, Z., GHORBANI, M., TAVAKOLIAN, H., & SHAHNOSHI, N.. (2017). EFFECTS OF OIL PRICE SHOCKS ON AGRICULTURAL SECTOR USING DYNAMIC STOCHASTIC GENERAL EQUILIBRIUM MODEL. JOURNAL OF AGRICULTURAL SCIENCE AND TECHNOLOGY (JAST), 19(6 ), 1211-1226. SID. https://sid.ir/paper/62803/en

    Vancouver: Copy

    PERMEH Z., GHORBANI M., TAVAKOLIAN H., SHAHNOSHI N.. EFFECTS OF OIL PRICE SHOCKS ON AGRICULTURAL SECTOR USING DYNAMIC STOCHASTIC GENERAL EQUILIBRIUM MODEL. JOURNAL OF AGRICULTURAL SCIENCE AND TECHNOLOGY (JAST)[Internet]. 2017;19(6 ):1211-1226. Available from: https://sid.ir/paper/62803/en

    IEEE: Copy

    Z. PERMEH, M. GHORBANI, H. TAVAKOLIAN, and N. SHAHNOSHI, “EFFECTS OF OIL PRICE SHOCKS ON AGRICULTURAL SECTOR USING DYNAMIC STOCHASTIC GENERAL EQUILIBRIUM MODEL,” JOURNAL OF AGRICULTURAL SCIENCE AND TECHNOLOGY (JAST), vol. 19, no. 6 , pp. 1211–1226, 2017, [Online]. Available: https://sid.ir/paper/62803/en

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