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Asian Journal of Research in Business Economics and Management
Year : 2015, Volume : 5, Issue : 3
First page : ( 235) Last page : ( 246)
Online ISSN : 2249-7307.
Article DOI : 10.5958/2249-7307.2015.00073.0

The effects of macroeconomic variables on non-oil exports in Iran

Emamisadr Jalal, Shirazi Jalil Khodaparast*

Department of Economic, Shiraz Branch, Islamic Azad University, Shiraz, Iran

*Coresspondig Author:

Online published on 10 March, 2015.

Abstract

The effect of macroeconomic variables on non oil exports in Iran has been explored in this study during period (1970–2012) and by means of Vector Error Correction Model (VECM). The results indicated that there is a balanced relationship among non oil exports and its main variables in the long run so that according to research hypotheses, there is a reverse relationship among inflation rate, uncertainty of real exchange rate, and inflation uncertainty with non oil exports. Hence, with respect to effect of macroeconomic variables on non oil exports, it is suggested to take controlling policies for fixation of exchange rate, controlling inflation, and support from Gross National Product (GDP).

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Keywords

Non oil Exports, Impulse Response Function (IRF), Analysis of Variance (ANOVA), Inflation Rate, Real Exchange Rate, VECM.

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