Senario-Making for Impacts of Iran's Oil Revenue Investment Shock on Agriculture, Industry and Services: RDCGE Model Approach

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.

Fahimifard S. M.

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

Journal Paper

Paper Information

Journal: Journal of Agricultural Economics and Development Year:2021 | Volume:29 | Issue:115 Page(s): 155-187

Download Full-Text

View:

Download:

Cites:

Information Journal Paper

Title

Senario-Making for Impacts of Iran's Oil Revenue Investment Shock on Agriculture, Industry and Services: RDCGE Model Approach

Author(s)

Fahimifard S. M. | Issue Writer Certificate

Keywords

Oil revenues investment

Agriculture Sector

industry

mine sector

services sector

RDCGE model

Abstract

Given the importance role of oil export revenues in the whole dimensions of economy of oil exporting developing countries (government budget, GDP growth rate, investment, saving rate, inflation rate, unemployment rate, poverty alleviation, etc. ), this study aimed at investigating and simulating the impact of the oil revenues investing shocks on Iran's economic sectors (i. e. Agriculture, industry and Services) through nine scenarios including the savings of the oil export revenues in national development fund (20, 50 and 80 percent) and the growth in total efficiency of production factors (5, 8 and 10 percent). The required data were seasonally collected from Central Bank of Iran (CBI) and Statistical Center of Iran (SCI) during 1991-2016. For data analysis, the Mathlab software and Recursive Computable General Dynamic Equivalent (RDCGE) model were applied. Also, the model was calibrated using the social accounting matrix related to the base year of 2011 and basic scenario (saving 20 percent of oil export revenues in national development fund and 5 percent of growth in total efficiency of production factors). Results of Impulse Response Functions (IRF) showed that a positive shock in basic scenario on oil export revenues caused an investment reduction in agriculture and industry sectors while an investment increase in services sector, indicating the existence of Dutch disease in Iran’ s economy; but during an increase in saving the oil export revenues in national development fund by 50 percent, the effect of Dutch disease would reduce and increasing the share of saving the oil export revenues in national development fund by 80 percent would remove the effect of Dutch disease; in addition, increasing the growth in total efficiency of production factors would increase the investment in the mentioned sectors.

Cites

No record.

References

No record.

Cite

APA: Copy

Fahimifard, S. M.. (2021). Senario-Making for Impacts of Iran's Oil Revenue Investment Shock on Agriculture, Industry and Services: RDCGE Model Approach. EQTESAD-E KESHAVARZI VA TOWSE'E, 29(115 ), 155-187. SID. https://sid.ir/paper/973428/en

Vancouver: Copy

Fahimifard S. M.. Senario-Making for Impacts of Iran's Oil Revenue Investment Shock on Agriculture, Industry and Services: RDCGE Model Approach. EQTESAD-E KESHAVARZI VA TOWSE'E[Internet]. 2021;29(115 ):155-187. Available from: https://sid.ir/paper/973428/en

IEEE: Copy

S. M. Fahimifard, “Senario-Making for Impacts of Iran's Oil Revenue Investment Shock on Agriculture, Industry and Services: RDCGE Model Approach,” EQTESAD-E KESHAVARZI VA TOWSE'E, vol. 29, no. 115 , pp. 155–187, 2021, [Online]. Available: https://sid.ir/paper/973428/en

Related Journal Papers

No record.

Related Seminar Papers

No record.

Related Plans

No record.

Recommended Workshops