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:: Volume 6, Issue 23 (quarterly journal of fiscal and economic policies 2018) ::
3 2018, 6(23): 119-138 Back to browse issues page
Estimation of Non-Oil Exports Function and Analyzing Adjustment Rate of Deviation from Its Equilibrium
Hamidreza Izadi Dr
Department Of Economics
Abstract:   (45 Views)
Due to the importance of the Economic policies to support non-oil exports development in oil exporter countries, it is crucial to identify the effective variables in the function of non-oil exports. Also analyzing the structural stability and the adjustment rate of the deviation from the equilibrium of this function is so important. Therefore, in this paper, the function of non-oil exports is estimated with using Autoregressive Distributed Lag (ARDL) method and applying Iranian economy data from 1971 to 2001. The results show that there is a long-run relationship between the endogenous variables. According to the findings, the coefficients of variables such as GDP and exchange rate in the spot market have positive and significant impacts on the non-oil exports. However, money supply and inflation have negative and insignificant effects on non-oil exports.  Moreover, in this research, the stability and error correction tests of this model have been checked and the results indicate that the model has structural stability in the long-run and the adjustment coefficient  is 53%(adjustment rate of deviation from equilibrium). Therefore, a non-oil export in Iran is stable and its adjustment rate is in the medium level
Keywords: Non-Oil Exports, Gross Domestic Product, Inflation Rate, Error Correction, Exchange Rate
Full-Text [PDF 744 kb]   (20 Downloads)    
Type of Study: Research | Subject: Special
Received: 2017/09/14 | Accepted: 2018/10/16
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izadi H. Estimation of Non-Oil Exports Function and Analyzing Adjustment Rate of Deviation from Its Equilibrium. 3. 2018; 6 (23) :119-138
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Volume 6, Issue 23 (quarterly journal of fiscal and economic policies 2018) Back to browse issues page
فصلنامه سیاستهای مالی و اقتصادی Quarterly Journal of Fiscal and Economic Policies
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