Analysis of Existence of Asymmetric Positive & Negative Effects of Exchange Rate Fluctuations on Private Investment
Author(s):
Abstract:
The main goal of this study is survey and testing effects of asymmetric exchange rate fluctuations (in terms of positive and negative momentum) on private sector investment in Iran. At first, for exchange rate shocks, we used Hodrick-Prescott filter and positive and negative predicted and non-predicted shocks have been obtained. In addition, in specification of private sector investment equation, the effect of other variables such as gross domestic product (without oil) and public investment has been considered. For this purpose, using Auto Regressive Distributed Lag method (ARDL) and Error Correction Model (ECM), long run and short run relationship between private sector investment and factors affecting it during the years 1978 to 2010 have been evaluated. the results show that there is an asymmetric effects of exchange rate fluctuations on private sector investment but exchange rate positive shocks are more effective than negative shocks.
Keywords:
Language:
Persian
Published:
Journal of Economic Growth and Development Research, Volume:5 Issue: 20, 2015
Page:
45
https://magiran.com/p1430142
دانلود و مطالعه متن این مقاله با یکی از روشهای زیر امکان پذیر است:
اشتراک شخصی
با عضویت و پرداخت آنلاین حق اشتراک یکساله به مبلغ 1,390,000ريال میتوانید 70 عنوان مطلب دانلود کنید!
اشتراک سازمانی
به کتابخانه دانشگاه یا محل کار خود پیشنهاد کنید تا اشتراک سازمانی این پایگاه را برای دسترسی نامحدود همه کاربران به متن مطالب تهیه نمایند!
توجه!
- حق عضویت دریافتی صرف حمایت از نشریات عضو و نگهداری، تکمیل و توسعه مگیران میشود.
- پرداخت حق اشتراک و دانلود مقالات اجازه بازنشر آن در سایر رسانههای چاپی و دیجیتال را به کاربر نمیدهد.
In order to view content subscription is required
Personal subscription
Subscribe magiran.com for 70 € euros via PayPal and download 70 articles during a year.
Organization subscription
Please contact us to subscribe your university or library for unlimited access!