Paper Information

Journal:   TAHGHIGHAT-E-EGHTESADI   JUNE-SEPTEMBER 2007 , Volume - , Number 79; Page(s) 59 To 75.
 
Paper: 

REAL EXCHANGE RATE AND THE IRANIAN ECONOMIC GROWTH

 
 
Author(s):  HALAFI H.R.*
 
* AZAD ISLAMIC UNIVERSITY ABADAN BRANCH
 
Abstract: 

Real exchange rate is one of those factors whose misalignment from equilibrium and volatility will affect the performance of macroeconomics and economic growth in particular. The present article is an empirical study of the undesirable effect of these two phenomenas of exchange rate system on macroeconomic growth of Iran during 1959 up to 2004. To do this, I use GARCH model to estimate the volatility index of real exchange rate, and also I use three criterias, to measure the amount of real exchange rate misalignment. An estimation of the model of Iranian economic growth through different indices indicates that volatility and the real exchange rate misalignment have a negative effect on Iranian economic growth.

 
Keyword(s): ECONOMIC GROWTH, IRANIAN ECONOMY, REAL EXCHANGE RATE MISALIGNMENT, REAL EXCHANGE RATE VOLATILITY
 
References: 
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  Persian Abstract Yearly Visit 49
 
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