List of Articles رویکرد رگرسیون‌برداری جهانی (GVAR)

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  1 - The Effect of Fiscal Policy on Unemployment and Inflation in Provinces of Iran: A GVAR Approach
  Nasrin Ebrahimi Mehdi Pedram Mir Hussein Mousavi
  10.30495/eco.2021.1892800.2314
  Abstract Since Iran is a regionally dispersed country, this motivates us to analyze whether or not a national fiscal policy has different effects on its provinces’ unemployment and inflation rates using a GVAR approach during 2005:q1-2016:q1 period. The results in More

  Abstract Since Iran is a regionally dispersed country, this motivates us to analyze whether or not a national fiscal policy has different effects on its provinces’ unemployment and inflation rates using a GVAR approach during 2005:q1-2016:q1 period. The results indicate that one positive standard error as national fiscal shock can significantly reduce unemployment in some provinces. These responses are similar in terms of timing but their amount is different. Also, this positive shock has a negative effect on inflation in some provinces. All responses are approximately similar in terms of timing. In Spite of this similarity, shock responses vary in terms of amount. According to the results in the framework of the models designed in this study, it is proposed that policymakers include the decentralization in the budget planning. Manuscript profile