In this paper, we analyze the effects of oil revenue shocks on different sectors of the Iranian economy. We use quarterly data of the Iranian economy from 1988:2 to 2011:1 to analyze a time-varying parameter VAR model with the Bayesian method. The results show that in the late 1980s and early 1990s, the positive effects of oil revenue were mostly emerged in the industrial and oil sectors, havin...

Nowadays, agricultural R&D provides new and developed technologies to create modern agricultural producing methods. During recent years, improving agricultural productivity is affected by not only domestic R&D investments but also foreign countries R&D investments. Nowadays, according to new growth models, R&D is the base of productivity. Recent economic theories consider agricultural research ...

Readers may make verbatim copies of this document for non-commercial purposes by any means, provided that this copyright notice appears on all such copies. Examining the effects of trade liberalization on agricultural sector is an interesting empirical question. This paper provides a quantitative assessment of the trade policy impacts on agricultural sector growth in Sri Lanka based on the nati...

One of the present phenomena that virtually explain weaknesses in financial systems of different countries is financial repression. Financial repression encompasses the different interferences of governments in financial markets through determining the ceiling interest on bank deposits, high rates of legal reserves, and the government’s interference in distribution of bank credits,which prevent...

By all accounts, Bank, Pakistan faces increased difficulties in expanding its agricultural sector. For its part, the government is gradually withdrawing from its historical policy of direct intervention and adopting a more market oriented strategy. In this strategy, the private sector will be expected to play the major role in providing capital to the agricultural sector, with government’s rema...

Private sector research and development (R&D) in food processing has seen a growing share of agricultural R&D. This paper analyzes market and technological links between farmer-entrepreneurs and food processing firms. It is shown that processing sector R&D tends to display explosive cycles. To avoid explosive cycles, the processing sector sets the R&D growth path and its target. Dynamic adjustm...