International economy
Farhad Khodadad Kashi; Soheila Mirzababazadeh; Somayeh Shahhoseini; Siyavash Jani
Abstract
The experience of some countries indicates that export has been an important factor in economic growth and its sustainability. Cost advantage, knowledge and innovation are the factors that affect export. Cost advantage in turn depends on various factors such as learning by doing. Learning leads to the ...
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The experience of some countries indicates that export has been an important factor in economic growth and its sustainability. Cost advantage, knowledge and innovation are the factors that affect export. Cost advantage in turn depends on various factors such as learning by doing. Learning leads to the expansion of international trade and economic growth by reducing production costs and creating a competitive advantage. The main purpose of this paper is to evaluate learning by doing and investigating its impact on industrial exports at four-digit ISIC codes level during 2011 to 2015. For this purpose, three different indicators have been operationalized to quantify learning and three export supply models have been estimated using panel data technique. Obtained results indicate that in all three models, learning by doing has a positive and significant effect on export supply. In other words, the effect of learning on exports is not sensitive to the way of offering operational definition. Also, the variables of trade openness, research and development costs and human capital all have positive and significant effects on the export of four-digit ISIC code industries.
Somayeh Shahhosseini; Javid Bahrami
Volume 17, Issue 53 , February 2013, , Pages 55-83
Abstract
Owing to importance of monetary and financial aspects of macroeconomic fluctuations, and the role of financial intermediaries, in this paper, we design a new Keynesian Dynamic Stochastic General Equilibrium (DSGE) model with regard to banking, to analyze the effect of oil, productivity and monetary ...
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Owing to importance of monetary and financial aspects of macroeconomic fluctuations, and the role of financial intermediaries, in this paper, we design a new Keynesian Dynamic Stochastic General Equilibrium (DSGE) model with regard to banking, to analyze the effect of oil, productivity and monetary shocks on Iran's economy. The effects of those shocks on different variables of the model appear to be consistent with our theoretical expectations and Iran's economy. In fact, inclusion of the banking sector in the model contributes positively to better explanation of Iran's business cycle features. By applying the model, we find that outstanding claims of banking sector reduce the impact of monetary shocks. Therefore, outstanding claims of banking sector is likely to weaken the efficiency of discretionary monetary policy against macroeconomic fluctuations.
