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:: Volume 9, Issue 34 (Quarterly Journal of Fiscal and Economics Policies 2021) ::
qjfep 2021, 9(34): 7-51 Back to browse issues page
Household utility and its long-run impressionability from economic shocks
Yaghoub Fatemi zardan *, Mahdi Mohammadzadeh, Seyed Aref Mousavi, Mohammad Fatemi
Bu Ali-Sina University
Abstract:   (1414 Views)
Due to the fact that in recent years, Iran has faced severe fluctuations and shocks from macroeconomic variables, the household utility has changed. Undoubtedly, without studying and researching the effects of these shocks on household utility, appropriate solutions cannot be provided to reduce its adverse consequences. Therefore, in the first stage, this study has extracted the household utility function during the years 1996-2020 and then with the help of the ARDL model has investigated the long-Run effects of macroeconomic variables on it. The results of extracting the utility function show that the utility of the household has decreased during the research period and the welfare of the household has declined. Also, the results showed that the effect of economic growth rate (0.29) and oil prices (0.33) on household utility is significant and positive and the effect of inflation rate (-0.11) on it is negative and significant. Also, the effect of the tax on utility is not significant. Accordingly, given the decline in utility over the past few years as a result of economic shocks and fluctuations, the government needs to pay special attention to this issue
Keywords: utility function, social welfare, household, economic shock.
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Type of Study: Research | Subject: Special
Received: 2021/07/23 | Accepted: 2021/09/22 | Published: 2021/09/22
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fatemi zardan Y, Mohammadzadeh M, Mousavi S A, Fatemi M. Household utility and its long-run impressionability from economic shocks. qjfep. 2021; 9 (34) :7-51
URL: http://qjfep.ir/article-1-1218-en.html

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Volume 9, Issue 34 (Quarterly Journal of Fiscal and Economics Policies 2021) Back to browse issues page
فصلنامه سیاستهای مالی و اقتصادی Quarterly Journal of Fiscal and Economic Policies
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