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:: Volume 1, Issue 1 (12-2010) ::
2010, 1(1): 49-76 Back to browse issues page
The Effects of Energy Price Adjustment on Macroeconomic Variables: Structural Vector Auto Regressive approach
Hosein Sadeghih , Keyvan Shahab Lavasani , Mahmood Baghjari
Abstract:   (13526 Views)

  The intensive effects of “targeted subsidies plan” and its implementation and that of the price of energy carriers on macroeconomic variables such as private consumption and Gross National Product, therefore increase in the price of energy carriers and the relevant issues have been debating and discussing for a long time. Regarding the significance of the issue and also its effect on the economic and society welfare, further and more comprehensive investigations into this subject seems to be necessary. This paper is presented with a review of previous studies and then explores the effect of the increase in the price of energy carriers on the three important macroeconomic variables, i.e. GDP growth, inflation and private consumption in the context of a structural vector regression to model SVAR. The results show that due to implementation of this plan, the economic growth and the private consumption decrease but the inflation will increase. The results showed that, the energy price index shocks the most influence on inflation variation are explained so that voters, in the medium term and long-term changes and about 40 percent of fluctuations in inflation, energy price shocks is described. Other findings of this study is that, in the long-term energy price shocks indices respectively about 20 and 11 percent of the fluctuations in private consumption and gross domestic product by the explained. It should be noted that all results, without considering the effects of resource redistribution payment received from government subsidies are.

Keywords: Energy Price, Macroeconomic, SVAR
     
Type of Study: Applicable | Subject: رشد و توسعه و سیاست های کلان
Received: 2010/09/27 | Accepted: 2013/03/6 | Published: 2013/03/6
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Sadeghih H, Shahab Lavasani K, Baghjari M. The Effects of Energy Price Adjustment on Macroeconomic Variables: Structural Vector Auto Regressive approach . Journal title 2010; 1 (1) :49-76
URL: http://jfm.khu.ac.ir/article-1-86-en.html


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Volume 1, Issue 1 (12-2010) Back to browse issues page
فصلنامه تحقیقات مدلسازی اقتصادی Journal of Economic Modeling Research
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