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determining optimal economic conditions proportionate to fixed exchange rate (the approach of NATREX and Genetic algorithm)
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MEHRNOOSH Kalani *   , Forough Shahabi , Mahboobeh Amirshahkarami , Vajihe Afzali |
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Abstract: (334 Views) |
the rate of long-term equilibrium real exchange is the one which is obtained in condition of foreign and domestic stability of economy.real exchange rate creates an important signal for economic factors. real exchange changes directly influence balance of payments and also indicates the direction of sources allocation between merchandiseand non-commercial goods. the deviation of real exchange rate from its long-term equilibrium amount and over evaluating national money have in appropriate effects on economic function of the country and prevent the formation of exchangeable section in economy. hence, correct determination of exchange rate and keeping the stability of real exchange rate in a long -term equilibrium level are among necessary conditions for reaching sustainable economic growth . having applied the approach of NATREX in this study , it is shown that the real exchange in iran is determined through parameters such as business conditions, social tendency towards consumption , growth rate of GDP,productivity, and capital intensity.then ,the pattern of real exchange rate has been estimated by the method of DOLS using the seasonal data within the period of 1368-1390(1989-2011). in the next step , the optimal amounts of independent parameters of the pattern proportionate to fixed exchange rate were determined through genetic algorithm. |
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| Keywords: DOLS method, NATREX approach, exchange rate, genetic algorithm. |
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notification: Research |
Subject:
Special
Received: 2023/03/12 | Accepted: 2016/09/22 | Published: 2016/09/22
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