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

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.

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Year of publication:	2012
Authors:	Ito, Katsuya
Published in:	Economics Bulletin. - AccessEcon, ISSN 1545-2921. - Vol. 32.2012, 3, p. 2246-2254
Publisher:	AccessEcon
Subject:	Iran \| oil prices \| cointegration

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Extent:	application/pdf
Type of publication:	Article
Classification:	Q4 - Energy
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10011278542