Economics at your fingertips  

Macroeconomic Impacts of Export Barriers in a Dynamic CGE Model

Iman Haqiqi and Marziyeh Bahalou

MPRA Paper from University Library of Munich, Germany

Abstract: A large economic literature discusses the implications of export sanctions for a variety of states around the world. This paper investigates the macrolevel consequences of imposing oil export barriers on an oil exporting country. We employ a large real financial computable general equilibrium for Iran. The model is calibrated based on 1999 Social Accounting Matrix for the economy of Iran including 112 commodities and 47 activities. We find that the impact of a 50% negative shock in oil export would amount to a 4.6% reduction in GDP, a 6.8% fall in private consumption, a 20.2% cut in government spending, a 20.4% decrease in import, a 9.9% contraction in capital formation, and a+ 29.2% increase in non-oil export. We also find that there is a conflict between government benefits and national benefit. Our sensitivity analysis proves the robustness of the results.

Keywords: export barriers; government spending; capital formation; computable general equilibrium; social accounting matrix (search for similar items in EconPapers)
JEL-codes: C68 D58 F41 F51 F62 Q33 Q37 (search for similar items in EconPapers)
Date: 2013-06
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3) Track citations by RSS feed

Published in Journal of Money and Economy 3.8(2013): pp. 117-150

Downloads: (external link) original version (application/pdf) original version (application/pdf)

Related works:
Journal Article: Macroeconomic Impacts of Export Barriers in a Dynamic CGE Model (2013) Downloads
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:

Access Statistics for this paper

More papers in MPRA Paper from University Library of Munich, Germany Ludwigstraße 33, D-80539 Munich, Germany. Contact information at EDIRC.
Bibliographic data for series maintained by Joachim Winter ().

Page updated 2020-11-22
Handle: RePEc:pra:mprapa:96404