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Cites:

1

Information Journal Paper

Title

ERROR CORRECTION MODEL FOR PRIVATE CONSUMPTION IN IRAN

Pages

  199-218

Abstract

 This article aims at analyzing and estimating the function of PRIVATE CONSUMPTION and it's long-run relation using error correction model in IRAN'S ECONOMY. To avoid spurious regression we proceeded first by exploring the long-run co-integrating private mechanism to estimate the short-run equation. Since there may be a weakness associated with the Engle-Granger method of co-integration testing, we investigated the cointegration relationship by using Johansen co-integration test. We found strong evidence from the Johansen test that the related variables are integrated. The empirical evidence suggests that the tendency toward consumption is 83% and the speed of adjustment for the long-run PRIVATE CONSUMPTION is around 73% implying that about 73 percent of differences between the short-run and long-run consumption level will be adjusted within one year.

Cites

References

Cite

APA: Copy

ZARRA NEZHAD, M., LORAKI BAKHTIARI, M., & DAVIDEH, A.A.K.. (2007). ERROR CORRECTION MODEL FOR PRIVATE CONSUMPTION IN IRAN. KNOWLEDGE AND DEVELOPMENT, -(19), 199-218. SID. https://sid.ir/paper/75806/en

Vancouver: Copy

ZARRA NEZHAD M., LORAKI BAKHTIARI M., DAVIDEH A.A.K.. ERROR CORRECTION MODEL FOR PRIVATE CONSUMPTION IN IRAN. KNOWLEDGE AND DEVELOPMENT[Internet]. 2007;-(19):199-218. Available from: https://sid.ir/paper/75806/en

IEEE: Copy

M. ZARRA NEZHAD, M. LORAKI BAKHTIARI, and A.A.K. DAVIDEH, “ERROR CORRECTION MODEL FOR PRIVATE CONSUMPTION IN IRAN,” KNOWLEDGE AND DEVELOPMENT, vol. -, no. 19, pp. 199–218, 2007, [Online]. Available: https://sid.ir/paper/75806/en

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