Background: Since the discovery of fire by the first humans as a source of energy, the role of energy in various ways in daily life has not been well hidden from anyone. Oil and its derivatives as one of the fossil fuels as a type of energy has been able to have a significant impact on the economies of all countries, both as exporters and importers, and for exporting countries a large part of their foreign exchange earnings. Composed. Due to the impact of oil on the macroeconomy of any country, it is necessary and essential to control and manage this energy both as one of the vital export goods and as a driving force in the country's manufacturing industry so that it is wasted with the least waste. Going may have the greatest impact because it is one of the types of non-renewable fossil fuels for which no suitable alternative has been found so far. Therefore, it is important to pay attention to the impact of oil shocks on the consumption of durable and non-durable goods, which is addressed in this study.
Aim: The purpose of this study is to investigate the effect of oil shocks on the consumption of durable and non-durable goods in Iran during 1980-2015.
MethodologyIn this study, oil shocks are isolated using Hudrick Prescott filter and then the effect of oil shocks on the consumption of durable and non-durable goods is investigated using the ARDL econometric model (self-explanatory method with wide intervals).
Results: Findings show that the first interruption of positive oil shocks at a significant level of 10% has a positive and significant effect on the consumption of durable goods. Also, negative oil shocks at a significant level of 5% have a negative and significant effect on the consumption costs of durable goods. On the other hand, positive oil shocks at a significant level of 10% have a positive and significant effect on the consumption costs of non-durable goods. But the effect of negative oil price shocks on the consumption of non-durable goods is not sign