Oil Revenue Shocks and Value-Added of Different Sectors, A TVP- VAR Approach (in Persian)

Mohsen Mehrara (), Farkhondeh Jebelameli () and Ramin Mojab ()
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Mohsen Mehrara: Iran
Farkhondeh Jebelameli: Iran
Ramin Mojab: Iran

Journal of Monetary and Banking Research (فصلنامه پژوهش‌های پولی-بانکی), 2015, vol. 8, issue 23, 39-58

Abstract: In this paper, we analyze the effects of oil revenue shocks on different sectors of Iranian economy using the quarterly data of the Iranian economy and a time varying parameter VAR model. Oil revenue is modeled to be an exogenous variable and the parameters are estimated in Bayesian context using Gibbs sampling. The results show that the value-added of industry and mining, and services increase after a positive oil revenue shock. The response of agriculture, and oil and gas sectors is not significant. The results also show that after the war, the response of industry and mining, and oil and gas sectors are higher, relatively.

JEL-codes: C11 C22 O41 Q43 (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:mbr:jmbres:v:8:y:2015:i:23:p:39-58

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