@techreport{Farzanegan2008effects,
abstract = {The Iranian economy is highly vulnerable to oil price fluctuations. This paper analyzes the dynamic relationship between oil price shocks and major macroeconomic variables in Iran by applying a VAR approach. The study points out the asymmetric effects of oil price shocks; for instance, positive as well as negative oil price shocks significantly increase inflation. We find a strong positive relationship between positive oil price changes and industrial output growth. Unexpectedly, we can only identify a marginal impact of oil price fluctuations on real government expenditures. Furthermore, we observe the Dutch Disease syndrome through significant real effective exchange rate appreciation.},
address = {Dresden},
author = {Mohammad Reza Farzanegan and Gunther Markwardt},
copyright = {http://www.econstor.eu/dspace/Nutzungsbedingungen},
keywords = {E32; E37; Q32; 330; macroeconomic uctuations; oil price shocks; developing economies; Iran; VAR modelling; Mineral\"{o}lpreisschock; Makro\"{o}konomischer Einfluss; VAR-Modell; Iran},
language = {eng},
number = {15/08},
publisher = {Univ. of Technology, Fac. of Business Management and Economics},
title = {The effects of oil price shocks on the Iranian economy},
type = {Dresden discussion paper series in economics},
url = {http://hdl.handle.net/10419/36478},
year = {2008}
}
