Farzaneh Ahmadian Yazdi; Mohammad Hossein Mahdavi Adeli
Abstract
Human capital (labor quality or knowledge embedded in human beings) is one the important issues in recent decade, because concentrating on this kind of capital can improve products and can make economic growth and development. This study has been investigated effective factors on human capital, emphasis ...
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Human capital (labor quality or knowledge embedded in human beings) is one the important issues in recent decade, because concentrating on this kind of capital can improve products and can make economic growth and development. This study has been investigated effective factors on human capital, emphasis on resource abundance for OPEC countries in period 2000-2012. To achieve that object, Arturo human capital’s model has been utilized; also according to economic nature of these countries, oil rent variable has been added to this model. For estimating coefficients, panel data method has been used. Based on results, resource abundance has negative effect on human capital accumulation, thus the coefficient is equal to -0.11. There for the more oil rent will lower the economic growth in these countries. Also based on results, the relationship between life expectation and economic growth and human capital is positive and the coefficients are 1.84 and 0.26. In addition to those results, population growth has negative effect on human capital accumulation; its coefficient is equal to -0.08. So population growth policies can’t be suitable for OPEC countries because such policies can’t improve human capital in such countries.
Farzane Ahmadian Yazdi
Abstract
The Study of The Impact of Real Exchange Rate on the Iran’s Non-Oil Trade
Mohammad Taher Ahmadi Shadmehri
Assistance Prophesore of Ferdowsi University of Mashhad
Farzane Ahmadian Yazdi
PhD Student of Ferdowsi University of Mashhad
Abstract
The article has studied the relationship between ...
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The Study of The Impact of Real Exchange Rate on the Iran’s Non-Oil Trade
Mohammad Taher Ahmadi Shadmehri
Assistance Prophesore of Ferdowsi University of Mashhad
Farzane Ahmadian Yazdi
PhD Student of Ferdowsi University of Mashhad
Abstract
The article has studied the relationship between Non-oil trade balance of Iran and real exchange rate, base on Rose and Yellen corrected model, by using annual data during period 1970 - 2007.
Firstly, in order to investigate stationarity of the variables, the augmented Dicky-Fuller test has been used, and to check the validity of the Dicky-Fuller test, Perrone structural break test has also been applied. Moreove, in order to determine the long-run relationships and short-run dynamics between non-oil trade balance and real exchange rate, GDP of Iran and GDP of Germany, the ARDL model has been utilized. Despite the negative effect of the dummy variable of war, the GIRF test result has shown existence of the J curve phenomenon in the non-oil trade relations between Iran and Germany. Regarding to positive effects of real exchange reate changes on trade balance; devaluation policy can be usefull for policymakers to improve non-oil trade balance of Iran-Germany.
Key words: Real Exchange Rate, Non-oil Trade Balance, ARDL Model, J Curve.
JEL Classification: C32, F50, F59
