The Investigation of Relationship between Exchange Rate and Date Export

Document Type : Research Article

Authors

1 Agricultural Economics, Tarbiat Modares University, Tehran, Iran

2 Faculty of Agricultural Economics and Development, University of Tehran

Abstract

Abstract
According to the importance of date export in Iran, this study investigates short run and long run relationship between date export and important economical variable, specifically exchange rate. For this purpose, an autoregressive distributed lag approach (ARDL) to cointegration is applied to annually time-series data from 1981 to 2007. Results showed that the exchange rate, export price of date and agricultural value added have positive and statistically significant impacts on export value of date in both long and short-run. According to the results, it’s recommended to apply appropriate policy about exchange rate. Finally, according to estimated coefficient of the Error Correction Model (ECM), in each period 66 percent of short run imbalance toward the long-run equilibrium is adjusted.

Keywords: Exchange rate, Export, Date, ARDL

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