The Impact of Oil Price Shocks on the Iranian Economy: New evidence

Katsuya Ito (masakidaden@gmail.com)
Additional contact information
Katsuya Ito: Fukuoka University

Economics Bulletin, 2012, vol. 32, issue 3, 2246-2254

Abstract: In a cointegrated VAR model we examined the relationship between oil price and macroeconomy in Iran, which is the third largest oil exporter in the world. The sample is quarterly data, ranging from 1994:1 to 2007:4. We find that an increase in real oil prices by 1% is associated with a 0.30% increase in real GDP in the long run, whereas the short-run impact is marginal.

Keywords: Iran; oil prices; cointegration (search for similar items in EconPapers)
JEL-codes: Q4 (search for similar items in EconPapers)
Date: 2012-08-07
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.accessecon.com/Pubs/EB/2012/Volume32/EB-12-V32-I3-P217.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ebl:ecbull:eb-12-00120

Access Statistics for this article

More articles in Economics Bulletin from AccessEcon
Bibliographic data for series maintained by John P. Conley (j.p.conley@vanderbilt.edu).