The effect of exchange rate uncertainty on pharmaceutical drug exports in Iran

Abstract

The aim of study was investigating the effect of exchange rate uncertainty on pharmaceutical exports in Iran, which was studied by longitudinal studies from 2003 to 2018. The statistical population was pharmaceutical companies active in the field of exports based on data, information and reports. Were selected officially. To analyze the data and estimate the real exchange rate uncertainty index, the generalized conditional heterogeneous variance self-regression econometric method (GARCH-M) is used. Petroleum GMM econometric technique was used using EVIEWS econometric software. According to the results, non-oil exports in the Iranian economy is a key variable because its prosperity is a sign of existence and continuity of the country's economy and the government itself for continuous growth and The economy is competitive and the performance of non-oil exports and its trend in Iran has not been favorable. Although the massive import of goods and services into the country over the past years has been continuously financed through revenues from oil exports, the slowness of non-oil exports will hamper both productivity growth and future foreign exchange needs.