Quarterly Journal of Quantitative Economics (JQE)

The Impact of Demand Shocks on Prices of Manufactured Goods Industries in Iran

https://doi.org/10.22055/jqe.2011.10631
Volume 8, Issue 1 - Serial Number 1
Spring 2011
Pages 99-122
Quarterly Journal of Quantitative Economics (JQE)

Document Type : Research Paper

Authors

Mohammadgholi Yousefi
Taimour Mohammadi
Mojtaba Bahmani
Abstract
In this Paper we have used a Panel Data of two digit ISIC classsification  of Large Iranian Manufacturing industried for the period 1373-86 to test the impact of demand shocks on the prices of manufacturd good industries .The result indicate that while positive shocks were effective influencing prices, probably reflecting their flexibility,the negative shocks however, have shown mixes results.While negative shocks lead to the  decline of prices in such industries as electirical machinery and transport equipments, other industrial branches ofmanufacturing  industries have,however did not respond. Our study also show that while the impact of demand shocks has  had asymmetrical impact on industries such as non-metalic minerals, electical machinery and transport equipments, such asymmetry however,has not been realised elsewhere  in other  manufacturing industries. Finally,our rfinding  clearly indicate that the intensity of shocks has not been the same in all branches.

Keywords

Demand shocks
manufacturing industries
Panel data
asymmetical impacts
prices
  • Receive Date 23 June 2014
  • First Publish Date 23 June 2014
  • Publish Date 21 March 2011

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