Title of article
Oil Price Uncertainty in the Iranian Economy
Author/Authors
Asadi Mehmandosti, Elaheh Department of Economics - Alzahra University, Tehran , Bazzazan, Fatemeh Department of Economics - Alzahra University, Tehran , Mousavi, Mirhossein Department of Economics - Alzahra University, Tehran
Pages
16
From page
137
To page
152
Abstract
The relationship between the price of oil and the level of economic activity is a fundamental empirical issue in macroeconomics. In this research, by using a multivariate GARCH-in-Mean VAR, we try to investigate direct effects of uncertainty of oil price on macroeconomics of Iran by using annually data from 1965 to 2013.Results show that uncertainty about oil prices had a negative and significant effect on real output in our sample.
Keywords
Real Options , Uncertainty , Oil Price , Multivariate GARCH-in-Mean VAR
Journal title
Astroparticle Physics
Serial Year
2017
Record number
2422936
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