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Pass-Through Effects of Global Food Prices on Consumer Prices in Iran | ||
| Iranian Economic Review | ||
| مقاله 10، دوره 21، شماره 1، خرداد 2017، صفحه 169-180 اصل مقاله (590.07 K) | ||
| شناسه دیجیتال (DOI): 10.22059/ier.2017.60869 | ||
| نویسندگان | ||
| Ebrahim Javdan* 1؛ Jafar Haghighat2؛ Esmaeil Pishbahar3؛ Phillip Kostov4؛ Rassul Mohammadrezaei5 | ||
| 1Department of Agricultural Economics, University of Tabriz, Iran (Corresponding Author: ebrahimjavdan@tabrizu.ac.ir). | ||
| 2Professor, Department of Economics, University of Tabriz, Iran (haghighat@tabrizu.ac.ir). | ||
| 3Department of Agricultural Economics, University of Tabriz, Iran (pishbahar@tabrizu.ac.ir). | ||
| 4University of Central Lancashire, Lancashire, UK (PKostov@uclan.ac.uk). | ||
| 5Department of Agricultural Economics, University of Tabriz, Iran (rmrezaei@tabrizu.ac.ir). | ||
| چکیده | ||
| T he objective of this study is using the Markov Switching Vector Autoregressive method and regime dependent impulse response functions to measure the pass-through of world food prices to consumer price index in Iran from 1990 to 2013. With respect to information criteria and the log-likelihood ratio statistic, MSIA(2)-VAR(1) model has a better fit to data than other models. The magnitude of the pass-through in first and second regimes is respectively 0.43 and 0.94 after two years. We show that the magnitude of the pass-through from world food prices to consumer price index resulting from recent world food price shocks has been higher than before. | ||
| کلیدواژهها | ||
| Keywords: Domestic Prices؛ Pass-through؛ World Food Prices. JEL Classification: Q02؛ C34 | ||
| مراجع | ||
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