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Uncertainty of Oil Proved Reserves and Economic Growth in Iran

Year 2016, Volume: 6 Issue: 3, 374 - 380, 01.09.2016

Abstract

The relationship between the oil and the level of economic activity is a fundamental empirical issue in macroeconomics. Also, a part of major debates between the pessimists and the optimists approaches about economic growth is how uncertainty of proved reserves of non- renewable energy resources as a one of main inputs, effects on the economic growth; in other words, on the base of some optimistic new economic growth models, the uncertainty through positive shocks positively effects on the economic growth. So, to find some evidences about it, in this research we try to find experimentally direct effects of uncertainty of oil proved reserves on macroeconomics of Iran by using annually data from 1980 to 2013 by using Multivariate GARCH-in-mean VAR model. We find that uncertainty in oil proved reserves has not had statistically significant effect on aggregate output and the responses to positive and negative shocks are symmetric.

Year 2016, Volume: 6 Issue: 3, 374 - 380, 01.09.2016

Abstract

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Details

Other ID JA62MM62TD
Journal Section Research Article
Authors

Elaheh Asadi Mehmandosti This is me

Fatemeh Bazzazan This is me

Mir Hossein Mousavi This is me

Publication Date September 1, 2016
Published in Issue Year 2016 Volume: 6 Issue: 3

Cite

APA Mehmandosti, E. A., Bazzazan, F., & Mousavi, M. H. (2016). Uncertainty of Oil Proved Reserves and Economic Growth in Iran. International Journal of Energy Economics and Policy, 6(3), 374-380.
AMA Mehmandosti EA, Bazzazan F, Mousavi MH. Uncertainty of Oil Proved Reserves and Economic Growth in Iran. IJEEP. September 2016;6(3):374-380.
Chicago Mehmandosti, Elaheh Asadi, Fatemeh Bazzazan, and Mir Hossein Mousavi. “Uncertainty of Oil Proved Reserves and Economic Growth in Iran”. International Journal of Energy Economics and Policy 6, no. 3 (September 2016): 374-80.
EndNote Mehmandosti EA, Bazzazan F, Mousavi MH (September 1, 2016) Uncertainty of Oil Proved Reserves and Economic Growth in Iran. International Journal of Energy Economics and Policy 6 3 374–380.
IEEE E. A. Mehmandosti, F. Bazzazan, and M. H. Mousavi, “Uncertainty of Oil Proved Reserves and Economic Growth in Iran”, IJEEP, vol. 6, no. 3, pp. 374–380, 2016.
ISNAD Mehmandosti, Elaheh Asadi et al. “Uncertainty of Oil Proved Reserves and Economic Growth in Iran”. International Journal of Energy Economics and Policy 6/3 (September 2016), 374-380.
JAMA Mehmandosti EA, Bazzazan F, Mousavi MH. Uncertainty of Oil Proved Reserves and Economic Growth in Iran. IJEEP. 2016;6:374–380.
MLA Mehmandosti, Elaheh Asadi et al. “Uncertainty of Oil Proved Reserves and Economic Growth in Iran”. International Journal of Energy Economics and Policy, vol. 6, no. 3, 2016, pp. 374-80.
Vancouver Mehmandosti EA, Bazzazan F, Mousavi MH. Uncertainty of Oil Proved Reserves and Economic Growth in Iran. IJEEP. 2016;6(3):374-80.