This research evaluates the impact of oil price shocks on oil producing and consuming economies; we used a simultaneous equation framework for different countries with business relations. As expected, we found that oil-producers (here, Iran and Russia) benefit from oil price shocks. However...

In this paper, based on error correction model by using panel data, an empirical analysis of demand for international reserves for 16 Islamic countries is investigated. Besides addressing conventional issues, the model explicitly incorporates the impact of expected export revenues and the impact...

If the security of investment in developing countries and transitional economies is guaranteed and the necessary legal process is provided, the international investors will be more interested in participating more actively in such economies. Economic security can be known as a kind of public...

This paper studies the impacts of domestic energy price increase along with cash subsidy payment to households and also to production sectors. We applied the MOF_CGE (Ministry of Finance_Computable General Equilibrium Model) which considers transport and trade margins and introduces a modified...

This paper identifies two types of implicit and explicit energy subsidies in Iran. Using a computable general equilibrium model, we analyze the impacts of reducing implicit and explicit energy subsidies. The model is based on a Modified Micro Consistent Matrix of MOE (the Ministry of Energy)...

This paper studies the business cycle characteristics of the Iranian economy and the co-movements of macroeconomic variables with oil prices. As is common in most developing and emerging countries, volatility of business cycles in Iran is high. Except for monetary aggregates, co-movements of...

For decades, energy prices have been controlled by the government in Iran. This policy had a long lasting impact on almost all economic variables in Iran. To date, under tremendous pressure to adequately meet the huge domestic demands for energy inputs, the government has decided to...