Until the Uruguay Round Agreement (URAA) domestic support received less attention and it was URAA explicitly addressed the trade distortions arising out of domestic support policies in agriculture. The theories on trade distortions however claim the supremacy of border measures in distorting trade. A number of empirical studies also hold the same line of view. There are a number of reasons for ...

The objective of this study has been to develop a typical specification of the Almost Ideal Demand System (AIDS) for Iran’s composition of imports including capital, intermediate and consumer goods. Accordingly, we first test the hypotheses that import demand is homothetic, homogeneous, symmetric, and depends on domestic prices. Then, we estimate the long-run elasticities of the composition o...

This paper studies a quantitative dynamic-optimizing business cycle model of a small open economy with staggered price and wage setting. The model exhibits exchange rate overshooting in response to money supply shocks. The predicted variability of the nominal and, especially, of the real exchange rate is noticeably higher than in standard Real Business Cycle models with flexible prices and wage...

A convergence model of interest rates explains the evolution of the domestic short rate in connection with the European rate. The first model of this kind was proposed by Corzo and Schwartz in 2000 and its generalizations were studied later. In all these models, the European rates are modelled by a one-factor model. This, however, does not provide a satisfactory fit to the market data. A better...

iran's apparel market is currently filled with foreign brands that are generally ranked as high quality goods with high prices. with a surface examination of the apparel market and customers’ opinions, it can be concluded that iranian apparel, despite having lower prices, is not in a suitable status in comparison with its foreign counterparts. accordingly, the purpose of this paper is to e...

The main purpose of this research is the calculation of implicit prices of the environmental level of air quality in the city of Moscow on the basis of housing property prices. The database used contains records of approximately 20 thousand apartments and has been provided by a leading real estate agency operating in Russia. The explanatory variables include physical characteristics of the hous...

rice production in most of asian countries has been increased more rapidly than population and this has been led to increase in supply and proportionately decrease in the real price of rice in world and domestic markets. furthermore, together with growth in production and national gross income of the country per-capita income has been increased and also demand for rice at national and internati...

The Coronavirus (COVID - 19) has created anxiety and fear, it hit the global economy, amplified volatility in several international domestic financial markets. It is a deadly virus that forced world into near total lock down claimed millions of lives round world. oil price reaction to COVID -19 was stable accommodating up until March 22 nd , 2020 after release first coronavirus monitoring repor...