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.
引用
收藏
页码:1211 / 1226
页数:16
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