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dc.contributor.authorFarzanegan, Mohammad Rezaen_US
dc.contributor.authorMarkwardt, Guntheren_US
dc.date.accessioned2009-01-29en_US
dc.date.accessioned2010-07-15T09:39:20Z-
dc.date.available2010-07-15T09:39:20Z-
dc.date.issued2008en_US
dc.identifier.urihttp://hdl.handle.net/10419/36478-
dc.description.abstractThe 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.en_US
dc.language.isoengen_US
dc.publisherUniv. of Technology, Fac. of Business Management and Economics Dresdenen_US
dc.relation.ispartofseriesDresden discussion paper series in economics 15/08en_US
dc.subject.jelE32en_US
dc.subject.jelE37en_US
dc.subject.jelQ32en_US
dc.subject.ddc330en_US
dc.subject.keywordmacroeconomic uctuationsen_US
dc.subject.keywordoil price shocksen_US
dc.subject.keyworddeveloping economiesen_US
dc.subject.keywordIranen_US
dc.subject.keywordVAR modellingen_US
dc.subject.stwMineralölpreisschocken_US
dc.subject.stwMakroökonomischer Einflussen_US
dc.subject.stwVAR-Modellen_US
dc.subject.stwIranen_US
dc.titleThe effects of oil price shocks on the Iranian economyen_US
dc.typeWorking Paperen_US
dc.identifier.ppn590264257en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
dc.identifier.repecRePEc:zbw:tuddps:1508-
Appears in Collections:Dresden Discussion Paper Series in Economics, Faculty of Business and Economics, TU Dresden

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