IDEAS home Printed from https://ideas.repec.org/a/auv/jipbud/v30y2025i3p59-91.html

Investigating the Effects of Asymmetric Exchange Rate Fluctuations on the Added Value of Different Sectors of Iran\'s Economy (in Persian)

Author

Listed:
  • Naghibzadeh, Fatemeh

    (Ph.D. of Student, Department of Economics, Zanjan Branch, Islamic Azad University, Zanjan, Iran)

  • Hojabr Kiani, Kambiz

    (Professor, Department of Economics, Faculty of Economics and Financial Sciences, Islamic Azad University, Science and Research Branch, Tehran, Iran.)

  • Rajaei, Yadolah

    (Associate Professor, Department of Economics, Zanjan Branch, Islamic Azad University, Zanjan, Iran.)

  • Rahimzadeh, Ashkan

    (Assistant Professor, Zanjan Branch, Islamic Azad University, Zanjan, Iran.)

Abstract

This study investigates and evaluates the effects of exchange rate fluctuations on the value added of the industry, services, and agriculture sectors using the NARDL method. The findings indicate that exchange rate changes have an asymmetric effect on the value added of different sectors. In all sectors, a negative shock affects the value added of the sectors more strongly than a positive shock. However, according to the results, this asymmetric effect is not uniform across different sectors. Overall, the findings show that the effect of real exchange rate fluctuations on all sectors is nonlinear and asymmetric. In the industry sector, the coefficient of positive real exchange rate shocks in the long run changes the growth of value added by 0.3 percent, and the coefficient of negative real exchange rate shocks in the long run changes it by 0.47 percent. Furthermore, in the short run, positive real exchange rate shocks had a negative and significant effect on the value added of the industry sector during the period under review. In the agriculture sector, in the long run, only the negative values of real exchange rate shocks change the growth of value added in this sector by a coefficient of 2.84 percent, while the positive values of real exchange rate shocks have no significant effect on the value added of this sector.

Suggested Citation

  • Naghibzadeh, Fatemeh & Hojabr Kiani, Kambiz & Rajaei, Yadolah & Rahimzadeh, Ashkan, 2025. "Investigating the Effects of Asymmetric Exchange Rate Fluctuations on the Added Value of Different Sectors of Iran\'s Economy (in Persian)," The Journal of Planning and Budgeting (٠صلنامه برنامه ریزی Ùˆ بودجه), Institute for Management and Planning studies, vol. 30(3), pages 59-91, December.
    • Handle: RePEc:auv:jipbud:v:30:y:2025:i:3:p:59-91
    as

    Download full text from publisher

    File URL: http://eprj.ir/article-1-2334-en.pdf
    Download Restriction: no
    File URL: http://eprj.ir/article-1-2334-en.html
    Download Restriction: no
    File URL: http://eprj.ir/article-1-2334-fa.html
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    ;
    ;
    ;
    ;
    ;
    ;

    JEL classification:

    • C52 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Model Evaluation, Validation, and Selection
    • E20 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - General (includes Measurement and Data)
    • G29 - Financial Economics - - Financial Institutions and Services - - - Other
    • L60 - Industrial Organization - - Industry Studies: Manufacturing - - - General
    • Q10 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - General

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:auv:jipbud:v:30:y:2025:i:3:p:59-91. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Nahid Jebeli The email address of this maintainer does not seem to be valid anymore. Please ask Nahid Jebeli to update the entry or send us the correct address (email available below). General contact details of provider: https://edirc.repec.org/data/irpdair.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.