JEL classification: C65, D63, D71, D81 Mathematics Subject Classification (2000): 91B16

sharp increase in oil price and the volatility in recent decades have attracted most researchers towards the field of energy. it seems not only the direct oil price, but also the uncertainty caused by the oil price volatility affect the raw oil supply. in this research the effect of oil price volatility on oil supply has been estimated using monthly time series data from january 1980 to septemb...

In the light of previous literature fertility determines different economic, social and program inputs variables. The main object of this study to investigate the impact of sector specific (health and education) foreign aid on fertility in case of Pakistan. For empirical investigation Auto Regressive Distributed Lag Model (ARDL) is used over the period of 1973-2012. The results of the study sho...

abstract achieving economic growth, as one of the essential purposes in each country, needs appropriate tracing of government as one of the important and effective sections in that economy. nowadays, unlike the 80s, economists concentrate on objectives such as explanation of the relationship between size of the government and economic growth and delineation of optimum size of the government whi...

knowledge of the relationship between two phenomena (inflation and unemployment) is crucial to any economic and political decision-making process. an investigation of this relationship helps economists and policy-makers to be aware of the economy’s performance. in the present research, new-keynesians’ philips hybrid curve has been derived by using the pricing models and the assumption of price ...

in this paper we have utilized optimum control procedures to derive an optimum monetary rule for iran’s economy ; assuming the policy makers are using the interest rate as a policy variable. in doing so a dynamic stochastic model with rational expectation was setup. the model is calibrated with the use of previous findings in the literature. the results show that the optimum reacrion of the pol...

almost ideal demand system (aids) and rotterdam model have been employed to (by means of seemingly unrelated regression (sur) estimate the function related to milk and dairy products in the urban societies of iran for years 1982 to 2009. cross and cross price elasticities have been evaluated too. results indicated that during the study period, share of milk products in household budget was more...

abstract by using cross-section data which gathered through a survey research in mashhad ,contingent valuation approach and tobit model this study tries to determine economical value of air pollution and effective factors on wtp. based on contingent valuation approach, air pollution total value of airpollution in high-polluted region equals 7134146560 rials per month and in middle-polluted regi...

We expand Nakamura’s (2005) neural network based inflation forecasting experiment to an alternative non-linear model; a Markov switching autoregressive (MS-AR) model. The two non-linear models perform approximately on par and outperform the linear autoregressive model on short forecast horizons of one and two quarters. Furthermore, the MS-AR model is the best performer on longer horizons of thr...