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Paper Information

Journal:   JOURNAL OF MACROECONOMICS (JOURNAL OF ECONOMICS SCIENCES)   2013 , Volume 7 , Number 14; Page(s) 103 To 128.
 
Paper: 

THE IMPACT OF OIL INCOME VOLATILITY ON IRAN'S ECONOMIC GROWTH WITH EMPHASIS ON EXCHANGE RESERVATION ACCOUNT

 
 
Author(s):  SALMANI BEHZAD*, BEHBUDI DAVOOD, ASGHARPOUR HOSSEIN, MAMIPOUR SIAB
 
* ECONOMIC DEPARTMENT, UNIVERSITY OF TABRIZ
 
Abstract: 

The optimal use of oil as a natural resource is an important problem in exporting countries. These countries always are encountered with two challenges which are uncertainty and volatility of oil revenues and exhaustible oil resource. The main purpose of this paper is studying of oil prices volatility effect on economic growth in during 1981-2007. Then we implicitly try to evaluate the role of reserve exchange account for controlling oil price shocks. To do it, first, the volatility of oil prices is estimated by ARCH and GARCH methods, and then its effect on the Iran's economic growth is estimated by using state-space method. Findings show that the volatility of oil prices has a negative effect on economic growth and the reserve exchange account completely cannot control the volatility of oil prices.

 
Keyword(s): NATURAL RESOURCE, VOLATILITY, ECONOMIC GROWTH, STATE – SPACE
 
 
References: 
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Click to Cite.
APA: Copy

SALMANI, B., & BEHBUDI, D., & ASGHARPOUR, H., & MAMIPOUR, S. (2013). THE IMPACT OF OIL INCOME VOLATILITY ON IRAN'S ECONOMIC GROWTH WITH EMPHASIS ON EXCHANGE RESERVATION ACCOUNT. JOURNAL OF MACROECONOMICS (JOURNAL OF ECONOMICS SCIENCES), 7(14), 103-128. https://www.sid.ir/en/journal/ViewPaper.aspx?id=508128



Vancouver: Copy

SALMANI BEHZAD, BEHBUDI DAVOOD, ASGHARPOUR HOSSEIN, MAMIPOUR SIAB. THE IMPACT OF OIL INCOME VOLATILITY ON IRAN'S ECONOMIC GROWTH WITH EMPHASIS ON EXCHANGE RESERVATION ACCOUNT. JOURNAL OF MACROECONOMICS (JOURNAL OF ECONOMICS SCIENCES). 2013 [cited 2021May11];7(14):103-128. Available from: https://www.sid.ir/en/journal/ViewPaper.aspx?id=508128



IEEE: Copy

SALMANI, B., BEHBUDI, D., ASGHARPOUR, H., MAMIPOUR, S., 2013. THE IMPACT OF OIL INCOME VOLATILITY ON IRAN'S ECONOMIC GROWTH WITH EMPHASIS ON EXCHANGE RESERVATION ACCOUNT. JOURNAL OF MACROECONOMICS (JOURNAL OF ECONOMICS SCIENCES), [online] 7(14), pp.103-128. Available: https://www.sid.ir/en/journal/ViewPaper.aspx?id=508128.



 
 
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