A Survey of the Effects of Exchange, Commercial and Monetary Policies on Iran's Industrial Activities Export Supply ISIC Rev2 Codes

Résumé fourni par la source

With regard to the developments in the industrial section, the effects of exchange, commercial, and monetary policies is a fundamental issue. The present study examined the effects of above policies on Iran's industrial activities export at the level of ISIC. Rev2 codes for the period 1975-2011 through the channel of effective exchange rate, balanced export tariff rate, and real money supply. In addition to the above variables, in this study export supply price elasticity has been estimated. The estimation of these equations has been carried out using ordinary least square (OLS) method. This study is different from the previous studies and also measures the above effects based on the recent statistics. The estimated results show the strong negative effect of tariff on industrial activities export supply and indicate that the positive effect of an increase in export effective exchange rate is about half of the effect of tariff. Therefore, according to Edwards (1988), imposing higher tariff may result in more decrease in export. Also, the estimation of export supply price elasticity indicates an export supply restriction.

Ce résumé expose les affirmations des auteurs. BNTIC ne l’interprète pas comme une validation indépendante des résultats.