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:: Volume 4, Issue 13 (12-2013) ::
2013, 4(13): 147-168 Back to browse issues page
Examination of Harberger, Laursen and Metzler Effect in Economy of Iran by ARDL Approach
Hassan Tahsili
Abstract:   (6522 Views)
In economic literature especially in international economic literature, the Harberger, Laursen and Metzler (HLM) effect is an important issue. According to HLM effect, deterioration in the terms of trade decreases GNP and then causes deterioration in the current account. The main idea of this study is the examination of HLM effect in Economy of Iran. We use annual data of current account, terms of trade and GNP as relevant variables. In this paper ARDL approach was applied for period (1978 -2010). The Banerjee, Dolado and Mastre and also Pessaran and shin cointegration test verified the equilibrium long run relation between our variables. In the other words the results of econometric estimation indicated a long run relationship between current account, terms of trade and GNP. According to these results, terms of trade and GNP have direct effects on current account.
Keywords: Current Account, HLM Effect, Terms of Trade, ARDL Approach.
     
Type of Study: Applicable | Subject: تجارت و مالیه بین الملل
Received: 2012/12/25 | Accepted: 2013/05/20 | Published: 2014/01/6
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Tahsili H. Examination of Harberger, Laursen and Metzler Effect in Economy of Iran by ARDL Approach. Journal title 2013; 4 (13) :147-168
URL: http://jfm.khu.ac.ir/article-1-628-en.html


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Volume 4, Issue 13 (12-2013) Back to browse issues page
فصلنامه تحقیقات مدلسازی اقتصادی Journal of Economic Modeling Research
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