[Home ] [Archive]   [ فارسی ]  
:: year 7, Issue 20 (Summer 2014) ::
JMBR 2014, 7(20): 195-210 Back to browse issues page
Dynamic Effects of Total Debts on Economy of Iran: Bayesian Approach
Rahim Dalali Esfehani *, Seyed Komeil Taebi, Mahshid Shahchera, Ahmadali Rezaei
Abstract:   (2613 Views)

In this study the dynamic effects of the total debt on the real sector was analyzed during the period of 1981-2011. We use the non-classical econometric model BVAR and the simulation scenarios defined. We study the scenarios that reduce total debt to near zero, total liabilities decreased to half the initial value, and increased total debt to double in the Bayesian model. The results show that the total volume of debt had been affected on the real sector of the economy as an increase in total liabilities at first, through an create Account and increasing in the supply of credit and liquidity led to increase in economic growth where can have a positive effect on real output. Although, the influence of these variables has a negative impact on gross domestic investment and real sector of the economy.

Full-Text [PDF 498 kb]   (1140 Downloads)    
Type of Study: Empirical Study |
Received: 2015/06/24 | Accepted: 2015/06/24 | Published: 2015/06/24

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 7, Issue 20 (Summer 2014) Back to browse issues page
فصلنامه پژوهش‌های پولی-بانکی Journal of Monetary & Banking Research
Persian site map - English site map - Created in 0.04 seconds with 27 queries by YEKTAWEB 4570