INTRODUCE A NEW MACRO ECONOMETRIC MODEL FOR IRAN AS AN OIL COUNTRY

Vida Varahrami
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Vida Varahrami: University of Shahid Beheshti, Iran.

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Abstract: In this paper a macro econometric model is introduced for Iran. Iran is an oil dependent country with oil income playing significant role in the economy. In this paper we want to survey the effects of world oil prices and oil quantity production on our economy. For this aim, a Macro econometric model is introduced which contains 21 equations dividing the economy into four sectors - production, government, monetary and foreign sectors. Results of these equations estimation reveal that Iran's economy is really dependent on oil income and government should try to decrease dependence on oil income.

Date: 2015-08-01
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Published in Journal of Global Economics, Management and Business Research, 2015, 4 (3), pp.127-130

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-05366500

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