The Effect of Real Effective Exchange Rate and Its Uncertainty on Value Added of Iran’s Industrial Sector
The real effective exchange rate and its uncertainty are among the most important macroeconomic variables that affect different economic sectors from various aspects. Since the changes in exchange rate have no identical impacts on all sectors of the economy and regarding considerable importance of i...
| Main Authors: | , |
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| Format: | Article |
| Language: | fas |
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Tarbiat Modares University
2018-07-01
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| Series: | پژوهشهای اقتصادی |
| Subjects: | |
| Online Access: | http://ecor.modares.ac.ir/article-18-13593-en.pdf |
| _version_ | 1797803209751789568 |
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| author | mohammad naghibi Peyman Vahedi |
| author_facet | mohammad naghibi Peyman Vahedi |
| author_sort | mohammad naghibi |
| collection | DOAJ |
| description | The real effective exchange rate and its uncertainty are among the most important macroeconomic variables that affect different economic sectors from various aspects. Since the changes in exchange rate have no identical impacts on all sectors of the economy and regarding considerable importance of industrial development on economic development, this study examines and evaluates the effects of real effective of exchange rate and its uncertainty on the value-added of industrial subsectors based on the two-digit codes ISIC-REV4 using Panel data and Engel-Granger methods during 1979-2014. The results show that the real effective exchange rate is of different effects on various subsectors of the industry while its uncertainty has no effect on sub-sectors’ value-added. Consequently, there is no single exchange rate policy in industrial sector due to different foreign exchange requirements in its subsectors. |
| first_indexed | 2024-03-13T05:18:25Z |
| format | Article |
| id | doaj.art-a7e0ac20f60d40ed9274c8e9bc209e7a |
| institution | Directory Open Access Journal |
| issn | 1735-6768 2980-7832 |
| language | fas |
| last_indexed | 2024-03-13T05:18:25Z |
| publishDate | 2018-07-01 |
| publisher | Tarbiat Modares University |
| record_format | Article |
| series | پژوهشهای اقتصادی |
| spelling | doaj.art-a7e0ac20f60d40ed9274c8e9bc209e7a2023-06-15T20:23:04ZfasTarbiat Modares Universityپژوهشهای اقتصادی1735-67682980-78322018-07-011824980The Effect of Real Effective Exchange Rate and Its Uncertainty on Value Added of Iran’s Industrial Sectormohammad naghibi0Peyman Vahedi1 Assistant Professor of Economics, Islamic Azad University, Salmas Branch M.A. of Economics, Islamic Azad University, Salmas Branch The real effective exchange rate and its uncertainty are among the most important macroeconomic variables that affect different economic sectors from various aspects. Since the changes in exchange rate have no identical impacts on all sectors of the economy and regarding considerable importance of industrial development on economic development, this study examines and evaluates the effects of real effective of exchange rate and its uncertainty on the value-added of industrial subsectors based on the two-digit codes ISIC-REV4 using Panel data and Engel-Granger methods during 1979-2014. The results show that the real effective exchange rate is of different effects on various subsectors of the industry while its uncertainty has no effect on sub-sectors’ value-added. Consequently, there is no single exchange rate policy in industrial sector due to different foreign exchange requirements in its subsectors.http://ecor.modares.ac.ir/article-18-13593-en.pdfreal effective exchange rate uncertaintyvalue added of industrial sub-sectorsgarch modelshodrick - prescottpanel datatwo-digit codes |
| spellingShingle | mohammad naghibi Peyman Vahedi The Effect of Real Effective Exchange Rate and Its Uncertainty on Value Added of Iran’s Industrial Sector پژوهشهای اقتصادی real effective exchange rate uncertainty value added of industrial sub-sectors garch models hodrick - prescott panel data two-digit codes |
| title | The Effect of Real Effective Exchange Rate and Its Uncertainty on Value Added of Iran’s Industrial Sector |
| title_full | The Effect of Real Effective Exchange Rate and Its Uncertainty on Value Added of Iran’s Industrial Sector |
| title_fullStr | The Effect of Real Effective Exchange Rate and Its Uncertainty on Value Added of Iran’s Industrial Sector |
| title_full_unstemmed | The Effect of Real Effective Exchange Rate and Its Uncertainty on Value Added of Iran’s Industrial Sector |
| title_short | The Effect of Real Effective Exchange Rate and Its Uncertainty on Value Added of Iran’s Industrial Sector |
| title_sort | effect of real effective exchange rate and its uncertainty on value added of iran s industrial sector |
| topic | real effective exchange rate uncertainty value added of industrial sub-sectors garch models hodrick - prescott panel data two-digit codes |
| url | http://ecor.modares.ac.ir/article-18-13593-en.pdf |
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