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:: Volume 16, Issue 45 (Spring 2008) ::
qjerp 2008, 16(45): 59-85 Back to browse issues page
Analysis of the Production Effects in Industrial, Agricultural and Services Sectors on Inflation in Iranian Economy
Akbar Komijani *, Yazdan Naghdi
Abstract:   (23899 Views)
There are an extensive research work done on inflation and its causes both in developing and developed countries. There exists a unique understanding about the concept of inflation but not a general agreement on its causes amongst economists. In this study, data relating to the period 1353-1384 have been used. To examine the effects of production in industrial, agricultural and services sectors on inflation, econometric methods are utilized, i.e., Autoregressive Distribution Lags (ARDL) and Vector Error Correction (VEC). The results following ARDL imply that each 10 per cent increase in the rate of liquidity induces 6.4 per cent increase in the general price level. Moreover, based on VEC method, it is shown that the hypothesis of monetary inflation can not be accepted in Iranian economy. The ARDL model also implies that the increase in production would lead to a decrease in inflation in Iranian economy as compared to the increase in production of industrial sector. In other words, it can be argued that to control the inflation in Iranian economy it is necessary for the Government to perform higher guidance and regulatory role in her economic policies towards expanding production services and agricultural sectors.
Keywords: Inflation, Sectoral Production, Quantity of Money, ARDL, VEC
Full-Text [PDF 200 kb]   (3436 Downloads)    
Type of Study: Research | Subject: General
Received: 2012/09/5 | Published: 2008/04/15
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Komijani A, Naghdi Y. Analysis of the Production Effects in Industrial, Agricultural and Services Sectors on Inflation in Iranian Economy. qjerp 2008; 16 (45) :59-85
URL: http://qjerp.ir/article-1-274-en.html

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Volume 16, Issue 45 (Spring 2008) Back to browse issues page
فصلنامه پژوهشها و سیاستهای اقتصادی Journal of Economic Research and Policies
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