نوع مقاله : علمی
نویسندگان
1 گروه اقتصاد نظری دانشگاه مازندران
2 دانشیار گروه اقتصاد انرژی دانشگاه مازندران
3 دانشآموخته کارشناسی ارشد اقتصاد، دانشگاه مازندران
چکیده
کلیدواژهها
موضوعات
عنوان مقاله [English]
نویسندگان [English]
Production and its fluctuations are one of the factors affecting economic welfare. Business cycles, especially booms and busts, have a direct impact on welfare, and business cycles are intricately linked to consumption patterns during these periods. The relationship between booms and busts has a significant impact on wealth flows, capital movements, household wealth, and income inequality. The flow of consumption and the accumulation of wealth reflect the patterns of consumer behavior and capital storage. The country is currently facing multiple challenges regarding consumption flow and wealth accumulation, which significantly impact economic growth and welfare. The aim of this study is to investigate the asymmetric effects of booms and busts on consumption and wealth accumulation in Iran during the years 1971 to 2023. To analyze the asymmetric effects of output, this study employs the nonlinear autoregressive distributed lag (NARDL) method. The results indicate that economic booms lead to an increase in consumption and wealth accumulation, while economic busts lead to a decrease in them. Furthermore, the adverse effects of busts on consumption and wealth accumulation are significantly greater than the positive effects of booms, and these asymmetric effects intensify in the long run. In addition, inflation and unemployment have a negative impact on consumption, while government size has a positive impact. Similarly, inflation and government size directly affect wealth accumulation, while the unemployment rate has an inverse effect.
کلیدواژهها [English]
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