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How Do Agricultural Subsectors Respond to Productivity Shocks? Evidence from a Bayesian DSGE Model in Iran

Mahdi Khosravi, Hossein Mehrabi Boshrabadi, Azam Ahmadyan and Seyed Abdolmajid Jalaei
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Mahdi Khosravi: Department of Agricultural Economics, Faculty of Agriculture, Shahid Bahonar University of Kerman
Hossein Mehrabi Boshrabadi: Department of Agricultural Economics, Faculty of Agriculture, Shahid Bahonar University of Kerman
Azam Ahmadyan: Monetary and Banking Research Institute, Central Bank of the Islamic Republic of Iran
Seyed Abdolmajid Jalaei: Department ofl Economics, Faculty of managment, Shahid Bahonar University of Kerman

Journal of Money and Economy, 2016, vol. 11, issue 3, 305-330

Abstract: Understanding the dynamics of productivity shocks is instrumental if we are to identify the sources of economic growth. This paper, investigates dynamic effects of positives productivity shocks to agricultural subsectors during the period from 1991-2015, by disaggregating agricultural sector in Iran into four key subsectors (crops, livestock, fishing and forestry)

Keywords: Agricultural Subsectors; Bayesian Estimation; DSGE Model; Productivity Shocks (search for similar items in EconPapers)
Date: 2016
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