[Home ] [Archive]   [ فارسی ]  
:: year 8, Issue 23 (Spring 2015) ::
JMBR 2015, 8(23): 39-58 Back to browse issues page
Oil Revenue Shocks and Value-Added of Different Sectors, A TVP- VAR Approach
Mohsen Mehrara, Farkhondeh Jebelameli, Ramin Mojab 1
Abstract:   (2117 Views)

In this paper, we analyze the effects of oil revenue shocks on different sectors of Iranian economy using the quarterly data of the Iranian economy and a time varying parameter VAR model. Oil revenue is modeled to be an exogenous variable and the parameters are estimated in Bayesian context using Gibbs sampling. The results show that the value-added of industry and mining, and services increase after a positive oil revenue shock. The response of agriculture, and oil and gas sectors is not significant. The results also show that after the war, the response of industry and mining, and oil and gas sectors are higher, relatively.

Full-Text [PDF 1080 kb]   (1320 Downloads)    
Type of Study: Empirical Study | Subject: Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook (E6)
Received: 2015/06/30 | Accepted: 2015/08/31 | Published: 2016/07/20
Send email to the article author

Add your comments about this article
Your username or Email:

CAPTCHA


XML   Persian Abstract   Print



Rights and permissions
Creative Commons License This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.
year 8, Issue 23 (Spring 2015) Back to browse issues page
فصلنامه پژوهش‌های پولی-بانکی Journal of Monetary & Banking Research
Persian site map - English site map - Created in 0.03 seconds with 29 queries by YEKTAWEB 4341