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The response of economic resilience to economic shocks in Iran
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Alireza Azizi   1, Hashem Zare2 , Hasan Moghimi esfandabadi3 |
1- PhD Student in Economics, Faculty of Economics and Management, Islamic Azad University, Shiraz, Iran (Corresponding Author) , azizi.alireza53@yahoo.com
2- Assistant Professor, Faculty of Economics and Management, Shiraz Branch, Islamic Azad University, Shiraz, Iran
3- PhD Student, Faculty of Economics and Management, Kish International Campus, University of Tehran, Iran |
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Abstract: (2460 Views) |
Economic resilience refers to the ability of an economy to be resilient to economic shocks. Returning to the same growth path before the shock is not necessarily desirable, especially if the previous growth path is lower than the growth path at the time of the shock. Therefore, the effect of shocks to the country's economy and the response of economic resilience to these shocks should be examined. In the present study, using the data of Iran in a period of 36 years between 1361-1396, this issue has been studied. The results show that in the long run, interest rate shocks cause the economy to reach a level below the previous equilibrium level and other shocks cause the economy to reach a level above the pre-shock equilibrium level.
In the present study, to investigate the economic resilience response to economic shocks in Iran, by the method of impulse response analysis (IR) in vector auto-regressive (VAR) models using data from the databases of the Central Bank of Iran and the world Bank and Eviews9 software used. |
Article number: 9 |
| Keywords: Economic resilience, economic shock, macroeconomic variables. |
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Full-Text [PDF 387 kb]
(1213 Downloads)
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Article type: Applicable |
Subject:
Special
Received: 2021/05/11 | Accepted: 2021/10/25 | Published: 2021/12/1
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