The impact of the real exchange rate uncertainty on the intermediary capital goods imports in iran

چکیده مقاله

Abstract

Studying the imports demand function has a special importance in our knowledge of the macroeconomic model and the effectiveness and efficiency of commercial policies in the country, for analyzing the macroeconomic problems and economic policy making .For these purpose, one of the main problem that should be proposed in the field of importing goods, is the studying the effective factors on the mediatory capital goods.

In this essay, by considering the nature of time series data during the period of 1370-1395(1991-2016), we examine the impact of the  real exchange rate uncertainty on the demand of the importing intermediary capital goods in Iran .For measuring the uncertainty of real exchange rate, we use of EWGARCH model and the main model is also estimated by the Generalized moment model  .we come to this conclusion  that the impact of real exchange rate on the imports of intermediary capital goods in Iran is negative and significant.

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