توسعه مالی
aida hajnouri; meysam amiry; maghsoud amiri; hossein tavakolian; moslem peymani
Abstract
Money laundering one of the types of financial corruption has a very detrimental role on the economic. Planning the country's economic development and making decisions to implement economic policies requires recognition of the performance of the whole economy, including the formal and legal sector, and ...
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Money laundering one of the types of financial corruption has a very detrimental role on the economic. Planning the country's economic development and making decisions to implement economic policies requires recognition of the performance of the whole economy, including the formal and legal sector, and the informal and illegal sectors affected by money laundering. Hence, recognition of the consequences of money laundering shocks is a prelude to combating this phenomenon. This research has used dynamic stochastic general equilibrium models framework to model Iran's money laundering sector and investigate efficiency shocks for legal production and illegal production. The results show that the proposed model has been able to identify cyclical behavior and fluctuations of variables. The results of the research and comparison of a positive momentum of productivity in the legal and non-legal production sectors indicate similar behavior of most variables except labor force in both sectors, so that the positive momentum of productivity in both legal and illegal production sectors increases the production of legal and illegal enterprises and the increase in total production, the level of labor wage and commodity prices in the legal sector, An increase in consumption in the illegal sector and an increase in the consumption of all goods, an increase in the amount of investment and a decrease in physical capital, and finally an increase in the demand for money and an increase in the interest rate.
توسعه مالی
neda asefi; ZAHRA KARIMI TAKANLOU; jafar haghighat; mohammad mahdi barghi oskouei
Abstract
The purpose of this study is to evaluate the mechanism of monetary transmission through the asset price channel in financial development. In this regard, the impact of monetary policy through housing price and stock price channel has been evaluated by using seasonal data of 110 economic variables during ...
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The purpose of this study is to evaluate the mechanism of monetary transmission through the asset price channel in financial development. In this regard, the impact of monetary policy through housing price and stock price channel has been evaluated by using seasonal data of 110 economic variables during 1991:1-2016:4 and FAVAR model. The results of the impulse response functions indicate that in the medium-term and long-term housing price channel increased production, but also had significant inflationary effects in the short and medium term. Also, given the significant impact of the stock price channel on production, it can be said that the capital market has an important role in directing resources and funds towards productive activities, which ultimately increases investment and production. Based on the results and the significant role of the stock price channel in transmitting monetary shocks to the price level, it can be said that this channel plays a significant role in reducing inflationary effects of monetary policy.
توسعه مالی
seyed mohamad reza sharifi; ali haghighat; Mehrzad Ebrahimi; abbas aminifard
Abstract
The purpose of this paper is to examine the effect of financial development and tax on the size of the underground economy. The importance of this is because the large size of the underground economy of the three channels has a negative impact on the economy, first the diversion of economic data; second, ...
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The purpose of this paper is to examine the effect of financial development and tax on the size of the underground economy. The importance of this is because the large size of the underground economy of the three channels has a negative impact on the economy, first the diversion of economic data; second, the ineffectiveness and effectiveness of the state's economic policies; and third, because of the possibility of escaping Tax payments and non-compliance with legal requirements in the underground economy are in the interests of national interests, producers and households. Therefore, any policy that leads to a smaller underground economy is key. In this research, a model (TVP-FAVAR) with the aim of investigating the effect of financial development and tax evasion on the underground economy of Iran along with other related variables has been specified. For this purpose, time series data were used in the period 1350 to 1394 and two tools of instantaneous and cumulative response functions. The results of this study indicate that the underground economy's dynamics in response to the financial development shock has been a decreasing trend and increasing terms of tax evasion shock.
توسعه مالی
hossein fathizadeh; masooud nonejad; Ali Haghighat; abbas aminifard
Abstract
This study investigates the relationship between economic growth, energy intensity and financial development in the agricultural, industry and mining and services sectors of the Iranian economy. For this purpose, annual time series data of the sectors during the period from 1974 to 2016 were used. ...
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This study investigates the relationship between economic growth, energy intensity and financial development in the agricultural, industry and mining and services sectors of the Iranian economy. For this purpose, annual time series data of the sectors during the period from 1974 to 2016 were used. To analyze the relationships, Autoregressive Distributed Lags (ARDL) and Structural Vector Autoregressive (SVAR) methods were used. The results of the long-run relationship of the ARDL model show that the impact of energy intensity on the economic growth of industry and mining, and services sectors is negative and significant and positive and significant in agriculture sector. The effect of financial development on economic growth in agriculture sector and industry and mining sector is positive and significant, while despite the positive impact of financial development on economic growth in services sector, the coefficient of this variable is not statistically significant. Furthermore, based on the results of variance decomposition in SVAR model, energy intensity growth and financial development growth have had a large share of economic growth fluctuations in different sectors of Iranian economy. Similarly, economic growth and financial development have also played a significant part in the energy intensity fluctuations of the sectors. Finally, energy intensity has the largest share of fluctuations in financial development in industry sector, while the economic growth has also played a considerable part in the fluctuations of financial development in the services sector.
توسعه مالی
Hamidreza Horri; seyed jalal; seyed jalla; Simin Sadat Mirhashemi
Volume 8, Issue 30 , April 2018, , Pages 83-100
Abstract
The level of GDP and its growth rate are the most important performance indices in macroeconomics. Therefore, investigation of the effective factors on economic growth is especially significant and one of the most important issues in the field of macroeconomics. The review of literature related to economic ...
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The level of GDP and its growth rate are the most important performance indices in macroeconomics. Therefore, investigation of the effective factors on economic growth is especially significant and one of the most important issues in the field of macroeconomics. The review of literature related to economic growth, showed that granularity in banking is one of the effective factors on economic growth. This paper has studied the simultaneous effects of trade openness and granularity in banking on Iran’s economic growth. Generalized Method of Moments has been used to test the hypotheses. The data has been used in this research is Iran macroeconomics data and data related to Iran Banking network in the years 2001-2012. As expected, The results show that bank granular residual variable and simultaneous effect variable of trade openness and bank granular residual have a negative and significant effect on Iran’s economic growth.
توسعه مالی
Farshid Pourshahabi; Marzie Esfandiari
Volume 7, Issue 28 , September 2017, , Pages 113-126
Abstract
Economic growth has always been an important objective of policy in different countries. In developing countries including Iran, to achieving a reasonable rate of economic growth is essential. Since developing countries are facing with low efficiency of investment due to technological backwardness, so ...
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Economic growth has always been an important objective of policy in different countries. In developing countries including Iran, to achieving a reasonable rate of economic growth is essential. Since developing countries are facing with low efficiency of investment due to technological backwardness, so this set of countries would be taking advantage from foreign direct investment (FDI) as a source of capital accumulation and promote economic growth. Iran has a good potential for utilization of this resource considering to entering the field of FDI after the implementation of the nuclear deal. But the impact of FDI on economic growth needs required fields, including the host country's financial development. Therefore, in this study financial development as an important variable in the FDI inflow and economic growth is considered. The results for 10 developing Asian countries including Iran in the period 1996-2013 indicate that financial development has a determining effect on FDI inflow to the set of countries, but this is not enough and political stability is essential for FDI inflow. Also, the results indicate that although FDI has a positive and significant effect on economic growth in these set of countries, but financial development has a deterrent effect on economic growth of these countries due to the weak institutions and inefficiency in the allocation of funds.
توسعه مالی
Sadegh Ali Movahed Manesh
Volume 6, Issue 24 , September 2016, , Pages 69-82
Abstract
Financial markets is one of the most important mechanisms to attract investment and efficient distribution of assets by transferring savings to investment.Given the importance of insurance in the country's economic activities, the effect of insurance industry on the GDP of Iran is calculated. Thus the ...
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Financial markets is one of the most important mechanisms to attract investment and efficient distribution of assets by transferring savings to investment.Given the importance of insurance in the country's economic activities, the effect of insurance industry on the GDP of Iran is calculated. Thus the insurance penetration rate and degree of trade openness on GDP in Iran during 1971-2013 were examined. The generalized model of Avram (2010) were used. Long-term equilibrium relationship between the variables of the model was confirmed by Johansen-Juselius tests. According to GMM, the results showed a positive effect of country's insurance penetration rate on the GDP of Iran.
