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:: Volume 13, Issue 36 (Winter 2006) ::
qjerp 2006, 13(36): 62-75 Back to browse issues page
The Effect of Oil Shocks on Private Investment in Iran
Reihaneh Gaskari *, Ali Reza Eghbali
Abstract:   (21635 Views)
Regarding Government's revenues, oil and oil income are very important factors for oil export countries such as Iran. Since oil prices are determined in the world markets, it is one of the factors for economic instability and in particular for financing private investment. These effects will be more effective in the presence of oil shocks. This paper attempts to determine the direction and the intensity of oil shocks using on econometric model and it's effects on private investment in Iranian economy during 1959-2002. The results of empirical studies imply that in the case of positive oil shocks, i.e. price increase of more than 25 percent, the effect would be positive and in the case of negative oil shocks, i.e. price increase of less than 25 percent, the effects would be negative. In other words, oil shocks on private investment have different effects on private investment.
Keywords: Oil Export, Economic Instability, Econometrics, Private Investment, Oil Revenue
Full-Text [PDF 262 kb]   (4401 Downloads)    
Type of Study: Research | Subject: General
Received: 2012/09/5 | Published: 2006/01/15
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Gaskari R, Eghbali A R. The Effect of Oil Shocks on Private Investment in Iran. qjerp 2006; 13 (36) :62-75
URL: http://qjerp.ir/article-1-298-en.html

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Volume 13, Issue 36 (Winter 2006) Back to browse issues page
فصلنامه پژوهشها و سیاستهای اقتصادی Journal of Economic Research and Policies
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