Title : ( The Effects of Oil Price Shocks on Agricultural sector Using Dynamic Stochastic General Equilibrium model )
Authors: zorar permeh , Mohammad Ghorbani , Hossein Tavakoliyan , Naser Shahnoushi froshani ,Abstract
This study aims to develop a multi-sector dynamic stochastic general equilibrium (Large DSGE) model for Iran’s economy. In this model, economy is divided into three sectors: agriculture, non-agriculture, and oil. Imports and exports are also included in the model. In order to adapt the model with Iran’s economic conditions, price stickiness in agriculture and non-agriculture are included. Then the impact of rising oil prices on agricultural sector is examined. To calculate the required coefficients, 1971-2012 data is gathered and Bayesian method is used. The results show the negative impacts of rising oil prices on agriculture as well as the negative effects of Dutch Disease.
Keywords
, DSGE, multi-sector, oil prices, agriculture, Bayesian, stickiness@article{paperid:1061711,
author = {Permeh, Zorar and Ghorbani, Mohammad and Hossein Tavakoliyan and Shahnoushi Froshani, Naser},
title = {The Effects of Oil Price Shocks on Agricultural sector Using Dynamic Stochastic General Equilibrium model},
journal = {Journal of Agricultural Science and Technology},
year = {2018},
volume = {19},
number = {6},
month = {February},
issn = {1680-7073},
pages = {1211--1226},
numpages = {15},
keywords = {DSGE; multi-sector; oil prices; agriculture; Bayesian; stickiness},
}
%0 Journal Article
%T The Effects of Oil Price Shocks on Agricultural sector Using Dynamic Stochastic General Equilibrium model
%A Permeh, Zorar
%A Ghorbani, Mohammad
%A Hossein Tavakoliyan
%A Shahnoushi Froshani, Naser
%J Journal of Agricultural Science and Technology
%@ 1680-7073
%D 2018