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Paper Information

Journal:   JOURNAL OF ECONOMIC GROWTH AND DEVELOPMENT RESEARCH   SUMMER 2017 , Volume 7 , Number 27 ; Page(s) 111 To 124.
 
Paper: 

EVIDENCE OF CAUSALITY BETWEEN OIL CONSUMPTION AND GROSS DOMESTIC PRODUCT IN IRAN-APPROACH OF ECONOMIC REGIME SHIFT

 
 
Author(s):  SALEHI SARBIJAN MORTEZA*
 
* ZABOL UNIVERSITY, ZABOL, IRAN
 
Abstract: 

The relationship between energy consumption and economic growth has been studied by many researchers.
These studies have been confirmed one of the four hypotheses in this field (growth assumptions,, neutral or have) according to the studied time period and country.
This study investigates the causal relationship between oil consumption and GDP in Iran during 1967 to 2013.
To achieve this aim, Markov switching model -Autoregressive (MS-AR) and Granger causality test were applied. The findings showed that the relationship between GDP and oil consumption had two regime structure in Iran. Results of the MS models showed that causality relationship between GDP and oil consumption (OC) was changed during economic regimes. Moreover, the evidences of bidirectional Granger causality (GC) were found between the variables in the first regime, while there was no GC between the variables in the second regime.

 
Keyword(s): OIL CONSUMPTION (OC), GROSS DOMESTIC PRODUCT (GDP), GRANGER CAUSALITY, MARKOV SWITCHING AUTOREGRESSIVE (MS-AR)
 
References: 
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  Persian Abstract Yearly Visit 65
 
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