IDEAS home Printed from
MyIDEAS: Log in (now much improved!) to save this article

The Commodity Futures Contract Pricing Using Spot Price Dynamics: Implication of Models in Iran’s Gold Futures Market

Listed author(s):
  • Esmaeili Razi, Hossein


    (Assistant Professor of Economics and Banking, Institute of Hasht Behesht)

  • Dallali Esfahani , Rahim


    (Professor of Economics, University of Isfahan)

  • Samadi , Saeid


    (Associate Professor of Economics, University of Isfahan)

  • Parvardeh , Afshin


    (Associate Professor of Statistics, University of Isfahan)

Registered author(s):

    Economic growth is the main purpose of economic policies. However, when economic growth is rapid we have serious environmental harm. Hence, a potential contrast between the economic policies and environmental state is stated in the Environmental Kuznets Curve.The main purpose of this study was to estimate the static and dynamic environmental Kuznets curve for the Iranian economy with assuming renewable and fossil energy simultaneously in the model. On the other hand, in this study we considered non-linear pollution function. In order to estimate the parameters related to this function should be used nonlinear methods. In this study, environmental Kuznets curve is estimated using genetic algorithms, (accurate method for numerical optimization). Comparison of the model predictions shows that the power of LAD in prediction is better than the least squared errors (LS). Also the dynamic model is powerful than static model. The results further indicate that the Iranian economy is located on the upward of environmental Kuznets curve. The other hand 12% of the total energy must be used by renewable energy, in order to Iranian economy perch at the critical point of environmental Kuznets curve.

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.

    File URL:
    File Function: Full text
    Download Restriction: no

    Article provided by Faculty of Economics, Management and Business, University of Tabriz in its journal Quarterly Journal of Applied Theories of Economics.

    Volume (Year): 2 (2015)
    Issue (Month): 3 (December)
    Pages: 145-164

    in new window

    Handle: RePEc:ris:qjatoe:0023
    Contact details of provider: Web page:

    More information through EDIRC

    No references listed on IDEAS
    You can help add them by filling out this form.

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    When requesting a correction, please mention this item's handle: RePEc:ris:qjatoe:0023. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Sakineh Sojoodi)

    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.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with 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 profile, as there may be some citations waiting for confirmation.

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

    This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.