Araştırma Makalesi

Oil Income Shocks on Budget Deficit, Growth and Inflation for the Iranian Economy

Cilt: 5 Sayı: 2 27 Aralık 2020
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Oil Income Shocks on Budget Deficit, Growth and Inflation for the Iranian Economy

Öz

Oil revenues are of strategic significance for the Iranian economy. Iran, one of the largest oil producers, affects both the international markets and is affected by the developments in international markets. Although oil incomes have an important position for public sector balance and economic activity level, oil shocks have been crucial for the increasing budget deficits of the Iranian economy. The purpose of this paper is to investigate the dynamic economic growth, budget deficits, inflation and oil income shocks relation in Iran by SVAR Model using annual data for the period 1970-2012. The structural impulse-response functions and structural variance decomposition results made by SVAR technique showed that budget deficits are the most important variable explaining total oil incomes in Iranian economy.

Anahtar Kelimeler

Kaynakça

  1. Akgün, A. (2006). Petrol Fiyatlarındaki Değişimlerin İMKB-100 Endeksi Üzerine Etkisi (Doctoral dissertation, Selçuk Üniversitesi Sosyal Bilimler Enstitüsü).
  2. Aktaş, H., Kayalıdere, K., & Karataş Elçiçek, Y. (2018). Petrol, Dolar Kuru ve Hisse Senedi Piyasası Arasındaki Ortalama-Oynaklık Yayılım Etkisi: Bıst100 Uzerine Bir Uygulama. Muhasebe ve Vergi Uygulamalari Dergisi (MUVU)/Journal of Accounting & Taxation Studies (JATS).345-347
  3. Basnet, H. C., & Upadhyaya, K. P. (2015). Impact of Oil Price Shocks on Output, Inflation and The Real Exchange Rate: Evidence From Selected ASEAN Countries. Applied Economics, 47(29), 3078-3091.
  4. Bernanke, B.S. (1986), Alternative Explanations of Money-Income Correlation, Carnegie-Rochester Conference Series of Public Policy, 25, 49-100.
  5. Blanchard, O. J., & Gali, J. (2007). The Macroeconomic Effects of Oil Shocks: Why Are The 2000s So Different From The 1970s? (No. w13368). National bureau of economic research. 2-77.
  6. Blanchard, O. J., & Quah, D. (1988). The dynamic effects of aggregate demand and supply disturbances (No. w2737). National Bureau of Economic Research.
  7. Breitung, J., Brüggemann, R., & Lütkepohl, H. (2004). Structural vector autoregressive modeling and impulse responses. Applied time series econometrics.
  8. Boroumand, S., Mohammadi, T., Pajooyan, J., & Memarnejad, A. (2019). The Effect of Exchange Rate, Oil Prices and Global Inflation Shocks on Macroeconomic Variables for The Iranian Economy in The Form of A DSGE Model. Iranian Economic Review, 23(4), 1057-1083.

Ayrıntılar

Birincil Dil

İngilizce

Konular

Ekonomi

Bölüm

Araştırma Makalesi

Yayımlanma Tarihi

27 Aralık 2020

Gönderilme Tarihi

9 Mayıs 2020

Kabul Tarihi

10 Temmuz 2020

Yayımlandığı Sayı

Yıl 2020 Cilt: 5 Sayı: 2

Kaynak Göster

APA
Soylu, Ö. B. (2020). Oil Income Shocks on Budget Deficit, Growth and Inflation for the Iranian Economy. JOEEP: Journal of Emerging Economies and Policy, 5(2), 11-19. https://izlik.org/JA79CU75SB
AMA
1.Soylu ÖB. Oil Income Shocks on Budget Deficit, Growth and Inflation for the Iranian Economy. JOEEP. 2020;5(2):11-19. https://izlik.org/JA79CU75SB
Chicago
Soylu, Özgür Bayram. 2020. “Oil Income Shocks on Budget Deficit, Growth and Inflation for the Iranian Economy”. JOEEP: Journal of Emerging Economies and Policy 5 (2): 11-19. https://izlik.org/JA79CU75SB.
EndNote
Soylu ÖB (01 Aralık 2020) Oil Income Shocks on Budget Deficit, Growth and Inflation for the Iranian Economy. JOEEP: Journal of Emerging Economies and Policy 5 2 11–19.
IEEE
[1]Ö. B. Soylu, “Oil Income Shocks on Budget Deficit, Growth and Inflation for the Iranian Economy”, JOEEP, c. 5, sy 2, ss. 11–19, Ara. 2020, [çevrimiçi]. Erişim adresi: https://izlik.org/JA79CU75SB
ISNAD
Soylu, Özgür Bayram. “Oil Income Shocks on Budget Deficit, Growth and Inflation for the Iranian Economy”. JOEEP: Journal of Emerging Economies and Policy 5/2 (01 Aralık 2020): 11-19. https://izlik.org/JA79CU75SB.
JAMA
1.Soylu ÖB. Oil Income Shocks on Budget Deficit, Growth and Inflation for the Iranian Economy. JOEEP. 2020;5:11–19.
MLA
Soylu, Özgür Bayram. “Oil Income Shocks on Budget Deficit, Growth and Inflation for the Iranian Economy”. JOEEP: Journal of Emerging Economies and Policy, c. 5, sy 2, Aralık 2020, ss. 11-19, https://izlik.org/JA79CU75SB.
Vancouver
1.Özgür Bayram Soylu. Oil Income Shocks on Budget Deficit, Growth and Inflation for the Iranian Economy. JOEEP [Internet]. 01 Aralık 2020;5(2):11-9. Erişim adresi: https://izlik.org/JA79CU75SB

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