Effects of Oil Price Shocks on Agricultural Sector Using Dynamic Stochastic General Equilibrium Model

被引:0
|
作者
Permeh, Z. [1 ]
Ghorbani, M. [2 ]
Tavakolian, H. [3 ]
Shahnoshi, N. [2 ]
机构
[1] Ferdowsi Univ Mashhad, Inst Trade Studies & Res, Mashhad, Iran
[2] Ferdowsi Univ Mashhad, Dept Agr Econ, Fac Agr, Mashhad, Iran
[3] Allameh Tabatabai Univ, Fac Econ, Tehran, Iran
来源
JOURNAL OF AGRICULTURAL SCIENCE AND TECHNOLOGY | 2017年 / 19卷 / 06期
关键词
Agriculture; Bayesian; DSGE; Multi-sector; Oil prices; Stickiness;
D O I
暂无
中图分类号
S [农业科学];
学科分类号
09 ;
摘要
This study aimed to develop a multi-sector Dynamic Stochastic General Equilibrium (Large DSGE) model for Iran's economy. In this model, economy was divided into three sectors: Agriculture, non-agriculture, and oil. Imports and exports were also included in the model. In order to adapt the model with Iran's economic conditions, price stickiness in agriculture and non-agriculture were included. Then, the impact of rising oil prices on agricultural sector was examined. To calculate the required coefficients, 1971-2012 data was gathered and Bayesian method was used. The results showed the negative impacts of rising oil prices on agriculture as well as the negative effects of Dutch Disease.
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页码:1211 / 1226
页数:16
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