THE ANALYSIS OF BUSINESS CYCLES IN IRAN ECONOMY USING HODRICK-PRESCOTT FILTER

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.

HOUSHMAND MAHMOUD; FALAHI M.A.; TAVAKOLI GHOUCHANI S.

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

Journal Paper

Paper Information

Journal: KNOWLEDGE AND DEVELOPMENT Year:2008 | Volume:15 | Issue:22 Page(s): 29-55

Download Full-Text

Persian Verion

View:

2,338

Download:

Cites:

Information Journal Paper

Title

THE ANALYSIS OF BUSINESS CYCLES IN IRAN ECONOMY USING HODRICK-PRESCOTT FILTER

Author(s)

HOUSHMAND MAHMOUD | FALAHI M.A. | TAVAKOLI GHOUCHANI S. | Issue Writer Certificate

Keywords

BUSINESS CYCLESQ3

HODRICK-PRESCOTT FILTERQ3

STYLIZED FACTSQ3

IRANIAN ECONOMYQ3

Abstract

In this paper the HODRICK-PRESCOTT FILTER is used to decompose real GDP for Iran into long-run trend, BUSINESS CYCLES and irregular movements. Then, following the work of Lucas (1977), the STYLIZED FACTS of BUSINESS CYCLES identified, including the co movements among the variables, their relative variability and their persistence over the cycle. This inquiry covers the period 1338-84 and uses yearly data on key economic aggregates. Some of the results confirm Lucas' view of the business cycle, that is, the general co-movement of the series and the higher volatility of investment and durable consumption. It has been revealed in the analysis that consumption, Investment and total export are pro-cyclical and coincident with the cycles. But total import, export of oil and non-oil, durable consumption, investment in machinery, durable consumption and government expenditure are pro-cyclical and leading the cycles. The analysis also revealed that monetary variables showed acyclical behavior in Iran's BUSINESS CYCLES while prices are countercyclical. The Phenomena in Consistent With Kydland and Prescott (1990). The results of Granger Causality method indicate that oil export fluctuations may have been the major source of Iran BUSINESS CYCLES.

Cites

References

No record.

Cite

APA: Copy

HOUSHMAND, MAHMOUD, FALAHI, M.A., & TAVAKOLI GHOUCHANI, S.. (2008). THE ANALYSIS OF BUSINESS CYCLES IN IRAN ECONOMY USING HODRICK-PRESCOTT FILTER. KNOWLEDGE AND DEVELOPMENT, 15(22), 29-55. SID. https://sid.ir/paper/75826/en

Vancouver: Copy

HOUSHMAND MAHMOUD, FALAHI M.A., TAVAKOLI GHOUCHANI S.. THE ANALYSIS OF BUSINESS CYCLES IN IRAN ECONOMY USING HODRICK-PRESCOTT FILTER. KNOWLEDGE AND DEVELOPMENT[Internet]. 2008;15(22):29-55. Available from: https://sid.ir/paper/75826/en

IEEE: Copy

MAHMOUD HOUSHMAND, M.A. FALAHI, and S. TAVAKOLI GHOUCHANI, “THE ANALYSIS OF BUSINESS CYCLES IN IRAN ECONOMY USING HODRICK-PRESCOTT FILTER,” KNOWLEDGE AND DEVELOPMENT, vol. 15, no. 22, pp. 29–55, 2008, [Online]. Available: https://sid.ir/paper/75826/en

Related Journal Papers