نویسنده: pedram، mehdi؛
بهار 1383 - شماره 10 ISC (8 صفحه - از 39 تا 46)
The Purpose of this paper is to investigate the long-run effect of real effective exchange rate on Iran non-oil trade balance. The methodology is based on ARDL procedure that can be applied irrespective of whether the regressors are I(0) or I(1). The results show the real depreciation has not a favorable long - run effect on the non-oil trade balance of Iran from 1979 to 2001.خلاصه ماشینی:
"Abstract The Purpose of this paper is to investigate the long-run effect of real effective exchange rate on Iran non-oil trade balance. The purpose of this paper is to investigate the long - run effect of real effective exchange rate on Iran non-oil trade balance. Since our purpose is the long - run relation between real effective exchange rate and the trade balance, the methodology is based on ARDL procedure. Table 1 : Description of the Variables Variables M/X Y YW REER LM/X LY LYW LREER DL (M/X) DLY DLREER DLYW Descriptions Portion of nominal dollar impost to nominal dollar non-oil export index of Iran GDP volume index of industrial Countries GDP index of real effective exchange rate log (M/X) log (Y) log (YW) log (REER) LM/X-LM/X(-1) LY-LY(-1) LREER-LREER(-1) LYW-LYW(-1) III- The Methodology and The results We employ the testing and estimation procedure advanced in Pesaran et al. (1996) and Pesaran and Shin (1995) which is referred to as the ARDL procedure to examine the relationship between the logarithm of imports over non-oil exports ratio, the logarithm of Iran GDP volume index, the logarithm of industrial countries GDP index, and the logarithm of Iran real effective exchange rate index, using yearly observations over the period 1979 to 2001. At the first stage the existence of the long - run relation between the variables under investigation is tested by computing the F-statistic for testing the significance of the lagged levels of the variables in the error correction form of the underlying ARDL model."
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