The Resilience of Iranian Economy Against the Shock of Imported Consumer, Intermediate and Capital Goods: A Structural Macro-econometric Model
The vulnerability of Iranian economy to various shocks has attracted attention to economic resilience. In this regard, foreign trade, which is inherently more exposed to shocks, merits careful consideration. In order to examine the effects of imports on economic resilience, a small-scale macroeconom...
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| Format: | Article |
| Language: | fas |
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Allameh Tabataba'i University Press
2020-06-01
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| Series: | فصلنامه پژوهشهای اقتصادی ایران |
| Subjects: | |
| Online Access: | https://ijer.atu.ac.ir/article_11794_1d685e13c2395ec6bfadda3f7eb04d89.pdf |
| _version_ | 1827393227572903936 |
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| author | Hossein Samsami Habib Nemati |
| author_facet | Hossein Samsami Habib Nemati |
| author_sort | Hossein Samsami |
| collection | DOAJ |
| description | The vulnerability of Iranian economy to various shocks has attracted attention to economic resilience. In this regard, foreign trade, which is inherently more exposed to shocks, merits careful consideration. In order to examine the effects of imports on economic resilience, a small-scale macroeconometric model has been specified. Having solved the model and run simulations, the effects of shocks stemming from imports on GDP is measured. This study, for the first time, quantifies the concept of resilience by examining the implications of economic shocks in a large-scale macro-econometric model. Accordingly, the modeled system received three types of shocks caused by the imports of consumer, intermediate, and capital goods. Then, the magnitude of their effects on GDP as well as the pace in which the variables back to their equilibrium are analyzed. The results demonstrate that the shocks coming from intermediate goods have the most severe consequences and threaten Iranian economy severely. |
| first_indexed | 2024-03-08T17:45:15Z |
| format | Article |
| id | doaj.art-b59d9cd151ba438190612819d05e272b |
| institution | Directory Open Access Journal |
| issn | 1726-0728 2476-6445 |
| language | fas |
| last_indexed | 2024-03-08T17:45:15Z |
| publishDate | 2020-06-01 |
| publisher | Allameh Tabataba'i University Press |
| record_format | Article |
| series | فصلنامه پژوهشهای اقتصادی ایران |
| spelling | doaj.art-b59d9cd151ba438190612819d05e272b2024-01-02T10:29:44ZfasAllameh Tabataba'i University Pressفصلنامه پژوهشهای اقتصادی ایران1726-07282476-64452020-06-01258313716210.22054/ijer.2020.36397.63711794The Resilience of Iranian Economy Against the Shock of Imported Consumer, Intermediate and Capital Goods: A Structural Macro-econometric ModelHossein Samsami0Habib Nemati1Assistant Professor, Economics, Shahid Beheshti University, Tehran, Iran.M. A., Economic Systems, Shahid Beheshti University, Tehran, Iran.The vulnerability of Iranian economy to various shocks has attracted attention to economic resilience. In this regard, foreign trade, which is inherently more exposed to shocks, merits careful consideration. In order to examine the effects of imports on economic resilience, a small-scale macroeconometric model has been specified. Having solved the model and run simulations, the effects of shocks stemming from imports on GDP is measured. This study, for the first time, quantifies the concept of resilience by examining the implications of economic shocks in a large-scale macro-econometric model. Accordingly, the modeled system received three types of shocks caused by the imports of consumer, intermediate, and capital goods. Then, the magnitude of their effects on GDP as well as the pace in which the variables back to their equilibrium are analyzed. The results demonstrate that the shocks coming from intermediate goods have the most severe consequences and threaten Iranian economy severely.https://ijer.atu.ac.ir/article_11794_1d685e13c2395ec6bfadda3f7eb04d89.pdfeconomic resilienceimportsconsumer goodsintermediate goodscapital goodsstructural macro-economic model |
| spellingShingle | Hossein Samsami Habib Nemati The Resilience of Iranian Economy Against the Shock of Imported Consumer, Intermediate and Capital Goods: A Structural Macro-econometric Model فصلنامه پژوهشهای اقتصادی ایران economic resilience imports consumer goods intermediate goods capital goods structural macro-economic model |
| title | The Resilience of Iranian Economy Against the Shock of Imported Consumer, Intermediate and Capital Goods: A Structural Macro-econometric Model |
| title_full | The Resilience of Iranian Economy Against the Shock of Imported Consumer, Intermediate and Capital Goods: A Structural Macro-econometric Model |
| title_fullStr | The Resilience of Iranian Economy Against the Shock of Imported Consumer, Intermediate and Capital Goods: A Structural Macro-econometric Model |
| title_full_unstemmed | The Resilience of Iranian Economy Against the Shock of Imported Consumer, Intermediate and Capital Goods: A Structural Macro-econometric Model |
| title_short | The Resilience of Iranian Economy Against the Shock of Imported Consumer, Intermediate and Capital Goods: A Structural Macro-econometric Model |
| title_sort | resilience of iranian economy against the shock of imported consumer intermediate and capital goods a structural macro econometric model |
| topic | economic resilience imports consumer goods intermediate goods capital goods structural macro-economic model |
| url | https://ijer.atu.ac.ir/article_11794_1d685e13c2395ec6bfadda3f7eb04d89.pdf |
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