Investigating the impact of energy price shocks on economic growth, distribution of income and employment with emphasis on international crises
Subject Areas : Financial Economics
ghazal saif
1
(Student/Islamic Azad University, Kerman branch)
Syed Abdul Majeed Jalai Isfandabadi
2
(Head of Faculty of Management and Economics of Shahid Ba Honer Kerman University)
محسن زاینده رودی
3
(استادیار گروه اقتصاد ، واحد کرمان، دانشگاه آزاد اسلامی، کرمان ، ایران.)
Keywords: Trade, international crises, economic growth, unemployment, income distribution,
Abstract :
One of the most important goals of economic policy makers in the country is the proper and fair distribution of income among different classes of people. The problem of lack of proper distribution of income and increase of income inequality is often considered from the point of view of social justice and poverty, and this has led to recommend short-term solutions to solve this problem. This article presents the optimal model of Iran's international energy trade with emphasis on international crises, economic growth, unemployment and income distribution using SVAR structural vector autoregression model for the years 1364-1399 in Iran's statistical society and in oil energy. Based on the estimation results of the SVAR model; An impulse coming from the area of energy prices will increase the inequality of income distribution by 0.3%, increase unemployment by 15% and decrease production by 12% in the country, as well as an impulse coming from the years of embargo in the country's oil exports will cause respectively 0.5% increase in income distribution inequality, 7% unemployment and 0.6% decrease. Establishing a suitable theoretical relationship between the discussed variables in the country, rather than being affected by the government's temporary economic policies, undergoes fundamental changes in the structure and political and economic conditions, but according to the model results, the economy has not been harmed much by the financial crisis. , or usually with a gap of six months to one year, has affected the country's economy.