Regarding the effects of fiscal and monetary policies and government rules on agricultural sector, the impacts of the government expenditure, fiscal and monetary policies and oil revenue on export, import and value added of agriculture is performed in this study applying vector error correction model (VECM). Two long-run vectors of export and import are estimated by Johnson co-integration method for 1971–2005, which theoretically correspond with export supply and import demand. Regarding the estimated long run and short run equations, oil revenue in long run indicated positive influence on decreasing imports and increasing export. On the other hand, expanding fiscal policy had significant effects on export of the sector in short run. Besides, monetary policy exhibited diminishing and significant impact on agricultural import in short run.
Hamidehpour, H., Saleh, I., & Yazdani, S. (2011). Examining the Impacts of Oil Revenues, Monetary and Fiscal Policies on Growth of Agricultural Sector in Iran. Agricultural Economics, 4(4), 29-45.
MLA
Hamideh Hamidehpour; Iraj Saleh; Saeed Yazdani. "Examining the Impacts of Oil Revenues, Monetary and Fiscal Policies on Growth of Agricultural Sector in Iran". Agricultural Economics, 4, 4, 2011, 29-45.
HARVARD
Hamidehpour, H., Saleh, I., Yazdani, S. (2011). 'Examining the Impacts of Oil Revenues, Monetary and Fiscal Policies on Growth of Agricultural Sector in Iran', Agricultural Economics, 4(4), pp. 29-45.
VANCOUVER
Hamidehpour, H., Saleh, I., Yazdani, S. Examining the Impacts of Oil Revenues, Monetary and Fiscal Policies on Growth of Agricultural Sector in Iran. Agricultural Economics, 2011; 4(4): 29-45.
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