Transitional related to exchange rate changes and the index of export prices: 1385: 4-1369: 1

Subject Areas : Financial Economics

کریم Emami ¹ , سیمین Ale ali ²

1 - استادیار دانشگاه ازاد اسلامی واحد علوم و تحقیقات
2 - دانجوی کارشناسی ارشد دانشگاه علوم و تحقیقات

Received: 2015-05-11 Accepted : 2015-05-11 Published : 2012-09-22

Keywords:

Abstract :

Iran due to oil resources is component of indeveloping countries that it’s export is dependent on agricultural products and underground reserves. So starting price fluctuations in world market of these products are caused balance of payment disequilibrium. In this case on way for reducing balance of trade deficit is currency devaluation (increasing in exchange rate) because it is a reason for increasing export. The aim of this article is to analysis exchange rate pass through on the export price index in the long-run. The Johansen-Juselius Cointegration Technique is used to estimate and with using seasonal data over the period spring 1369 till winter 1385 imperical model is estimated for Iran’s economy. The results of estimate show that there is an incompelet relation in domain of taking influence export price index exchange rate changes in long-run. Exchange rate pass through coefficient on export price index is 0.16 in long-run, so according the results, pricing to market is based on local common prices (LCP) in long-run.

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