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Investigating the Effects of Institutional-Structural Quality on Iran's Non-oil Exports: Time-Varying Model

Author

Listed:
  • Moradi, Zahed

    (Ph.D. Candidate in Economics, Islamic Azad University, Science and Research Branch)

  • Memarnejad, Abbas

    (Assistant Professor of Economics, Islamic Azad University, Science and Research Branch Tehran)

  • Hosseini, Seyed Shamseddin

    (Assistant Professor of Economics, Islamic Azad University, Science and Research Branch Tehran)

  • Hojabr Kiani, Kambiz

    (Professor of Economics, Islamic Azad University, Science and Research Branch, Tehran)

Abstract

Considering the importance of non-oil exports in state development plans, the present paper examined the nonlinear effects of real exchange rate, the value added of the industry and mining sector, non-oil export, and the institutional-structural quality on Iran non-oil exports. The results from the factor-augmented vector autoregressive (FAVAR) and time-varying parameters (TVP) methods on seasonal data of 1997-2015 timespan showed the symmetrical, positive effects of the institutional-structural quality and the state non-oil exports on the increase in the non-oil exports, rising in the course of time. In addition, the final effect of the real exchange rate on the state non-oil exports depends on the depression and prosperity conditions in the economy and can be asymmetrically positive or negative. Finally, the value added growth in the state industry and mining sector had a positive effect on the non-oil exports in the entire timespan studied; the only difference was that these symmetrical effects were stronger during periods of economic prosperity

Suggested Citation

  • Moradi, Zahed & Memarnejad, Abbas & Hosseini, Seyed Shamseddin & Hojabr Kiani, Kambiz, 2019. "Investigating the Effects of Institutional-Structural Quality on Iran's Non-oil Exports: Time-Varying Model," Quarterly Journal of Applied Theories of Economics, Faculty of Economics, Management and Business, University of Tabriz, vol. 5(4), pages 81-106, February.
    • Handle: RePEc:ris:qjatoe:0129
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    More about this item

    Keywords

    Non-oil exports; Institutional-structural quality; Time-varying models;
    All these keywords.

    JEL classification:

    • C32 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes; State Space Models
    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
    • F14 - International Economics - - Trade - - - Empirical Studies of Trade
    • G38 - Financial Economics - - Corporate Finance and Governance - - - Government Policy and Regulation

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