Impacts of the industrial demand shocks on production in Iran’s industrial plants

Authors

1 Assistant Professor of Economy, Shahid Bahonar University of Kerman, Kerman, Iran.

2 Associate Professor of Accounting, Allameh Tabatabaee University, Tehran, Iran.

Abstract

In the present article, using dynamic panel data and large industrial plants, annual data for the period 1994-2007, effects of the industrial demand shocks on the production of different industries, divided according two digit ISIC, have been examined.
The manner and degree of effectiveness of industrial demand shocks on the production of different industries is aim of this article. Results of the article are as follows:
A- The positive industrial demand shocks have been effective on the production of some of the large industrial plants but they don't affect some of others.
B- The negative industrial demand shocks have not had a meaningful effect on the production of large industrial plants.
C- Industrial demand shocks have not had asymmetrical effects on the production of all industries. They have had asymmetrical effects on industries with code numbers, 16, 17, 18, 19, 20, 21, 22, 24, 28, 30, 33 and 36, but they haven't asymmetrical effects on others industries' production.
D- Intensity of the affects of industrial demand shocks is not the same in the production of different industries.

Keywords

References

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History

  • Receive Date: 24 May 2009
  • Revise Date: 06 December 2009
  • Accept Date: 11 April 2010

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