Periodic Cointegration Analysis on the Relationship between the GNP Sectors of the Iran’s Economy
Article Type:
Research/Original Article (دارای رتبه معتبر)
Abstract:
T his paper analyses the relation between GNP sectors of Iran’s economy. The different sectors of the economy directly or indirectly affect each other and can complement or follow each other. Using a number of empirical tests, the paper finds evidence of seasonal or periodic integration in the underlying data. This means that the conventional cointegration tests may not be robust and in result, a more appropriate periodic cointegration test was used. This approach, by recognizing the stochastic nature of the seasonal pattern of the time series involved, avoids inconsistent estimations, errors in statistical inference and also biases in economic policy decisions. Our results find evidence of periodic cointegration between GNP of the industry and service sectors. In addition, we find that the speed of adjustment of misalignments is different depending on the quarter. The adjustment of equilibrium misalignments is faster if they take place in the April-June period than in the rest of the year.
Keywords:
Language:
English
Published:
Iranian Economic Review, Volume:23 Issue: 55, Spring 2019
Pages:
469 to 490
https://magiran.com/p1953483
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!