The Effect of Economic Shocks on the Consumption Iranian Households
Author(s):
Article Type:
Research/Original Article (دارای رتبه معتبر)
Abstract:
The purpose of this study is to investigate the the permanent and transitory components of household income, liquidity (money) and government expenditures to identify economic shocks affected the household consumption in Iran. For this target, using the univariate stochastic detrending approach proposed by Beveridge and Nelson (BN), we decompose the time series data of these variables over the period (1974-2014) into permanent and transitory components. Using the technique of ARDL, the effects of the permanent and transitory of the shocks on households' consumption are studied. The paper results show that there is positive and significant relationship between household consumption and temporary and permanent income shocks and permanent liquidity shocks, whereas a significant and negative relationship with permanent government spending shocks in Iran. Thus, the fiscal, monetary and income government policies should be in a way that keep the permanent income of Iranian households from any destructive shock on economy.
JEL Classification: D31, D91, E21
JEL Classification: D31, D91, E21
Keywords:
Language:
Persian
Published:
Journal of Economic Research, Volume:53 Issue: 125, 2019
Pages:
941 to 970
magiran.com/p1904308
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!