Crisis Management: Oil and money in analyzing the impact of Oil Prices on Inflation, Growth, and Money
Journal Title: Religación. Revista de Ciencias Sociales y Humanidades - Year 2019, Vol 4, Issue 13
Abstract
Energy plays a very important role in the economic development of Third World countries. Therefore, energy consumption in the world is a function of political power in developed or developing societies. The Middle East economy, like most other oil-exporting countries, faces a major government contribution to economic activity, tensions in monetary and fiscal policies, and low levels of production mobility. Therefore, sudden changes in oil prices have significant effects on production, inflation and the volume of money in the country. In this research, with the proposed model of Kou and Peron (2007), the structural impacts of the Iranian economy due to the exogenous price of oil, with regard to production variables, inflation and volume of money as dependent and endogenous variables during the study period from April 1961 to March 2017 were investigated. The result was that five structural impacts were identified in September 1973, August 1979, August 1990, August 1994, and June 2006. The highest coefficient of oil price impact on production, inflation and growth of money was in the first and fifth regimes, respectively. Also, the highest period of oil price impact on production, inflation and growth of money was in the fourth, second and fifth regimes, respectively.
Authors and Affiliations
Mohammad Rezaie Narimisa, Noor Ezlin Ahmad Basri, Ramezanali Shayanrad
Keywords
Related Articles
- EP ID EP629706
- DOI -
- Views 102
- Downloads 0
La efectividad de la capacitación en el manejo de la emoción en las habilidades sociales y el sentido de competencia en los estudiantes de la escuela
Este estudio investigó la efectividad de la capacitación en el manejo de las emociones en las habilidades sociales y el sentido de competencia en los estudiantes escolares. Este estudio cuasi experimental se realizó en u...
Approaches to anthropologists in their relationship with NGOs: Analysis of a case study.
The aim of this article is to analyse the possible fields for the professional practice of anthropologists based on the critical review of my own experience of professional work in a Non-Governmental Organization (NGO):...
Abordagens a formas de organização e ações políticas em espaços de exclusão social a partir de uma perspectiva da antropologia política: análise de um polígono no sudeste de Ciudad Juarez, na fronteira norte do México
Este estudo identifica as formas de associação política e ação da população em locais de exclusão social na perspectiva da antropologia política, concluindo que essa população, mais do que apolítica ou despolitizada por...
Potencial parlamentario para garantizar la seguridad del estado: experiencia constitucional de los países del espacio postsoviético
El artículo presenta el análisis del autor de los actos constitucionales de los países del espacio postsoviético para consolidar en ellos el catálogo de poderes de los parlamentos en el campo de la seguridad del estado....
Integración de tareas de visualización espacial para mejorar los niveles de pensamiento geométrico de los estudiantes siguiendo el modelo de Van Hiele: una base para el desarrollo de una guía definitiva en geometría
Los estudiantes que tienen la capacidad de manipular formas en situaciones de juego libre, como construir, resolver problemas espaciales, dibujar objetos tridimensionales y tridimensionales, explorar formas a través de a...