COVID-۱۹, CO۲ Emissions and Energy Consumption in Asian Countries: An Application of Stirpat and Beck’s Theory of Risky Society
Publish place: Petroleum Business Review، Vol: 6، Issue: 1
Publish Year: 1401
نوع سند: مقاله ژورنالی
زبان: English
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شناسه ملی سند علمی:
JR_PBR-6-1_002
تاریخ نمایه سازی: 29 خرداد 1401
Abstract:
This paper aims to show the asymmetric effect of oil shocks on Iran’s economy. It uses nonlinear time series models to investigate the asymmetric effect of oil shocks on resource allocation in Iran’s economy. The results show that adverse oil shocks have been more persistent during the last decades and severely negatively affect resource allocation in Iran’s economy. Different oil shocks have different implications for importing and exporting countries, and the rigidity of state fiscal systems in exporting countries causes adverse oil shocks to be more persistent. The oil economy’s response to positive and negative oil shocks depends on the structure of the economy. The government budget and trade balance have significant implications for the effects of oil shocks on oil-exporting economies. The government budget is highly dependent on oil revenues, so in the case of adverse oil shocks, the pass-through exchange rate will cause high inflation because of foreign exchange shortage and overshoot in the exchange rate.
Keywords:
Beck’s theory of risky society energy Carbon dioxide emissions Energy consumption Stirpat approach The covid , ۱۹
Authors
Mohamad Nasr Esfahani
Instructor, Economics and Islamic Banking, Faculty of Economics, Kharazmi University, Tehran, Iran,
Mansoure Mahdizadeh
Assistant Professor, National Research Institute for Science Policy (NRISP), Tehran, Iran
Ehsan Rasoulinezhad
Assistant Professor, University of Tehran, Tehran, Iran
Rahele Montazer
Instructor, Allameh Tabataba’i University, Tehran, Iran
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