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Investigation of financial regimes and oil prices in Iran using structural VAR model
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Hadi Irani   , Seyed Nematollah Mousavi * 1, Reza Moghadasi |
| 1- , seyed_1976mo@yahoo.com |
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Abstract: (994 Views) |
| Iran is one of the oil-exporting countries. Since the income from crude oil exports is the most important source of financing for the country's budget, so it has direct and indirect effects on other economic activities. The financing of oil prices and their effects on the economy has been a topic of concern for decades. This study examines the effects of oil price shocks and economic growth shocks and financial stress. For this purpose, the data required for the study have been collected monthly during the period 1370-1400 from the website of the Statistics Center of Iran and the Central Bank of the Islamic Republic of Iran. Also, the structural vector autoregression (SVAR) model, instantaneous reaction functions, analysis of variance, and Eviews9 software were used to analyze the results. The results showed that the positive shock on oil prices in the short run has a significant positive effect on Iranian oil production. Because of the increase in oil prices, the economic growth (gross national product) of the country has increased and has led to the prosperity of companies and enterprises, and as a result, has led |
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| Keywords: oil prices, financial regimes, structural VAR, Iran |
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Full-Text [PDF 1820 kb]
(231 Downloads)
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Type of Study: Research |
Subject:
Oil-Market
Received: 2023/01/22 | Accepted: 2023/06/20 | Published: 2023/11/1 | ePublished: 2023/11/1
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