Noble International Journal of Business and Management Research

Online ISSN: 2520-4521 | Print ISSN: 2522-6606


    Volume 2 Number 7 July 2018

The Leverage Effect of Oil Price Shocks on Economic Growth of Iran

Pages: 53-60
Authors: Mohammadreza Nahidi, Arash Ketabforoush Badri
Oil prices shocks are one of the main factors affecting economic variables especially economic growth. With this approach, the present study is about studying negative and positive price shocks of oil and the official exchange rate with perspective of leverage effect of shocks on economic growth of Iran. This study tends to consider the leverage effect of oil price on economic growth of Iran using EGARCH method in period 1980 to 2014. The results show that the leverage effect is confirmed and has different effects for each unit of positive and negative shock on economic growth. Also the official exchange rate and light oil price shock has positive and meaningful effect and the shock of heavy oil price has negative and meaningful effect on economic growth.

Aim & Scope Instructions for Authors Editorial Board Indexed/abstracted in Submit Manuscripts Archive

Call for Papers

Call for Quality PapersAuthors are invited to submit their quality and original research manuscripts/articles for possible publication in the following journals. Following journals are published by Noble Academic Publisher (NAP). Noble Internati...

Read More

Publication Ethics

Publication Ethics and Malpractice StatementAcademic ethics are the necessary fundamental principle of research  reputation. To ...

Read More

Article Processing Charge

Article Processing Charges [APC]As with any other Open Access publishing company, with NAP there is no paper, no mailing, no subscriptions, and no restriction against using and sharing our journals. But we do have to pay for maintaining pub...

Read More