• مطالعات اقتصادی مرتبط با حاملهای انرژی (فسیلی، تجدیدپذیر و برق)
Asghar Vahedi; Esmaiel Abounoori; parviz malekzadeh
Abstract
In this research, the effect of oil price shock on the return of the Iranian stock market has been evaluated using a new quantile-on-quantile approach. To do this, first, the oil price shock has been calculated using the structural vector autoregression method, and then the effect of the oil price shock ...
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In this research, the effect of oil price shock on the return of the Iranian stock market has been evaluated using a new quantile-on-quantile approach. To do this, first, the oil price shock has been calculated using the structural vector autoregression method, and then the effect of the oil price shock on the return of the Iranian stock market has been investigated using the quantile-on-quantile approach. The statistical population consists of the data related to oil variables and the stock price index of the Iranian stock market. The statistical sample includes 200 observations of the monthly data related to the oil variables and the stock price index of the Iranian stock market during the period of 1385: 1 -1401: 12. The results of this research show that the effect of the oil price shock on the Iranian stock market varies across different quantiles of the Iranian stock market returns. A negative oil price shock has a larger effect on stock market returns when the stock market is bullish. Also, in the normal state of the stock market, a positive oil price shock has a large negative effect on stock market returns. Based on these observations, it is concluded that the relationship between oil price and stock market returns can depend on the nature of oil price shocks and the performance of the stock market.
saeed shavalpour; Elahe Kaviani
Abstract
The paper investigates the effects of oil price fluctuations on the installed capacity of wind energy in developing countries in comparison with the impact of economies of scale and technical learning. To this end, we used rolling regression analysis and data from 2003 to 2015 to calculate annual technical ...
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The paper investigates the effects of oil price fluctuations on the installed capacity of wind energy in developing countries in comparison with the impact of economies of scale and technical learning. To this end, we used rolling regression analysis and data from 2003 to 2015 to calculate annual technical learning rates. Using the panel data regression and autoregressive model based on panel data we analyzed the effect of oil price fluctuations on wind energy installed capacity as the most advanced renewable energy in developing countries. The results show that oil price changes in the long run have a positive but limited impact on the development of renewable energy in developing countries. Oil price shocks, although in the short term and driven by the incentive of developing countries to transfer higher-tech technologies to renewable energy can not in the long term alone, guarantee the development of renewable energy in these countries
Younes Nademi; Haniyeh Sedaghat Kalmarzi
Abstract
Oil price shocks are one of the most important variables affecting the performance of Iran's economy and the unemployment rate as one of the most important indicators of macroeconomic performance. The purpose of this study is to investigate the asymmetric effects of oil price shocks and the impact of ...
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Oil price shocks are one of the most important variables affecting the performance of Iran's economy and the unemployment rate as one of the most important indicators of macroeconomic performance. The purpose of this study is to investigate the asymmetric effects of oil price shocks and the impact of sanctions on the unemployment rate in Iran's economy. To this end, the effect of positive and negative oil price shocks and the intensity of sanctions on Iran's unemployment rate during the period 1980-2015 was investigated using Markov switching method. The results of this study show that the positive impact of oil prices has had a negative effect on unemployment and has led to a reduction in unemployment and, in contrast to the negative impact of oil prices, has had a positive and increasing effect on unemployment. Also, the results of the unemployment model estimation indicate that the increase in the intensity of sanctions has had an increasing impact on unemployment. Finally, Iran’s economy is on average 2.8 years in the high unemployment regime and 1.4 years in the low unemployment regime that indicates the persistence of high unemployment rate in Iran's economy
