Volume 2, Issue 4 (6-2011)                   jemr 2011, 2(4): 103-122 | Back to browse issues page

XML Persian Abstract Print


Download citation:
BibTeX | RIS | EndNote | Medlars | ProCite | Reference Manager | RefWorks
Send citation to:

Salmani B, Behbudi D, Mamipour S. The Role of Institutional Quality in the relationship of Real Exchange Rate and Oil Price, Case study: Oil-Exporting Economies. jemr 2011; 2 (4) :103-122
URL: http://jemr.khu.ac.ir/article-1-166-en.html
1- University of Tabriz , behsalmani@gmail.com
2- University of Tabriz
Abstract:   (19334 Views)
The optimal usage of oil as a natural resource is an important problem in exporting countries. These countries always are encountered with uncertainty and volatility of oil prices and its effects on real exchange rate. The main purpose of this paper is to investigate the relationship of between oil prices and exchange rate by emphasizing institutional quality in during 1995-2006. The model of this paper is estimated by panel data approach. Findings show that the oil prices have a positive effect on real exchange rate and it reduces international competition power. But institutional quality affects the extent to which the real exchange rates of oil-exporting countries co-move with the oil price. The results show that countries with high institutional quality such as control of corruption and regularity quality have real exchange rates which co-move less with the oil price.
Full-Text [PDF 793 kb]   (3386 Downloads)    
Type of Study: Applicable | Subject: تجارت و مالیه بین الملل
Received: 2011/02/9 | Accepted: 2011/09/7 | Published: 2011/09/15

Add your comments about this article : Your username or Email:
CAPTCHA

Send email to the article author


Rights and permissions
Creative Commons License This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.

© 2024 CC BY-NC 4.0 | Journal of Economic Modeling Research

Designed & Developed by : Yektaweb