پاییز 1383 - شماره 11 ISC (15 صفحه - از 153 تا 167)
کلید واژه های ماشینی : Iran، Exchange Rate، GDP، Congress Money Exchange Policies، Exchange Rate Iranian Economy، Political Economy Exchange Rate، Iranian، PD، Increase، The Behdad Shlager، Lauten Shlager Sorab Behdad، Unification، Money، Journal Political Economy، Behdad، Exchange Rate Determination Iran، The Effects Overvalued Exchange Rate، After , Newton، PDCS، Oil Export Promotion Iranian Economy، To، IncreaseFloating Exchange Rate، Imports، PP، Bank، Assistant Isfahan University، Bank Islamic Republic Iran، Import، First، BMR
The exchange rate unification is one of the most important instruments of economic adjustment, which is used in many countries. This paper shows the effects of the exchange rate unification on price level (inflation), gross domestic production (GDP), non-oil exports, private conception, government expenditure and stock of money. The data, is used related to the period 1959-2000. To analyze the above-mentioned effect we employed a model of nine simultaneous equations. The method used to estimate the model is 2sls. After the estimation, the model is simulated by Newton method in order to determine the effects of unification on the endogenous variables the model.
خلاصه ماشینی: "This paper shows the effects of the exchange rate unification on price level (inflation), gross domestic production (GDP), non-oil exports, private conception, government expenditure and stock of money. 4- The model: structure and results Here we focus on the effects of exchange rate unification on the following variables: Non- oil export, import, price of exported goods, domestic prices, volume of money, GDP, government expenditure, government development expenditure and private sector consumption. The result of simulation indicates that growth ate for government development expenditure private consumption, export goods prices, money stock, and government expenditure until 1979, due to historical figures [estimated results for endogenous variables by simulation method] are insignificant and very small. Imports and non-oil exports during the period of 1961-2000 and after the enforcement of the exchange rate unification policy respectively have experienced an average growth rate of 43. Figures (6, 7), indicate that after enforcement of exchange rate unification policy, growth rate of export prices have annually decreased by 6. As figure (8) shows, during the 1961-2000 period and after exchange rate unification, money supply has decreased by an average of 15 percent. The results of this investigation show, that application of the policy of exchange rate unification will increase the government reconstruction expenditures, private sector expenditures, non-oil exports, imports, and total government expenditures. The application of the unification policy also results in decrease of variables such as export material prices, internal level of prices, money volume, and gross domestic production."
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