samineh qasemifar; Abolfazl Shahabadi; shamsolah shirinbakhsh; mirhosien mousavi; azam ahmadyan
Abstract
With the occurrence of major global financial crises and the widespread spread of crises in the economies of other countries, the importance of identifying and measuring crises and examining the effects of macroeconomics has become increasingly apparent. Hence in the present study, in order to quantify ...
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With the occurrence of major global financial crises and the widespread spread of crises in the economies of other countries, the importance of identifying and measuring crises and examining the effects of macroeconomics has become increasingly apparent. Hence in the present study, in order to quantify financial crises, following the basic portfolio theory approach, a systemic stress index has been designed for the Iranian economy during the period 2008-2019. The purpose of study is not only to identify the financial stress index of the Iranian economy, but also to examine whether financial stress can have irreversible effects on key economic variables. in this study, using Bayesian inference in vector autoregression models, the effects of financial stress on The format of growth model on the total factor productivity and its determinants has been analyzed. The results show that in both models the effects of financial stress shock on the factor total productivity is negative but also associated with relative durability At the same time, the reaction of the factor total productivity, the accumulation of internal research and development costs and the intensity of physical investment to the impulse of financial stress is more severe compared to the reaction of other variables. The findings of this study support the need to measure and in terms of financial stress index in macro policy decisions.
Abolfazl Shahabadi; Tayebeh Sefat; Ali Moradi
Abstract
The globalization of the economy, the increase in the volume of international investment, and the openness of trade have opened the door of countries economic to the foreign shocks and it has increased the negative effects of these shocks on economic growth. Therefore, increasing economic resilience ...
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The globalization of the economy, the increase in the volume of international investment, and the openness of trade have opened the door of countries economic to the foreign shocks and it has increased the negative effects of these shocks on economic growth. Therefore, increasing economic resilience to counteract the negative effects of these shocks has become a policy priority in different countries, and in the meantime, identifying the factors affecting economic resilience can help policymakers to make the right policies. Therefore, the present study attempted to investigate the impact of goods market efficiency, labor market efficiency and financial market efficiency on economic resilience in two groups of developing and developed selected countries during the period 2014-2018. For this purpose, the research model is estimated using panel data approach and generalized moment method separately for the two groups of selected countries. The results showed that the effect of goods market efficiency, labor market efficiency and financial market efficiency on economic resilience in both groups of selected countries is positive and significant. However, the estimated coefficient of goods market efficiency and labor market efficiency in developing selected countries and the estimated coefficient of financial market efficiency in developed selected countries have been higher. Also, the impact of control variables of institutional quality and innovation on economic resilience in both groups of selected countries is positive and significant.
total factor productivity of production؛
Abolfazl Shah-Abadi; Sara Sari Gol
Volume 7, Issue 28 , September 2017, , Pages 141-164
Abstract
Oil plays an important role in financing the country and can be used as a positive tool for improving total factor productivity and can reduce technical gap with developed countries. But most of the oil countries with oil revenues, despite the considerable value of these resource revenues, do not have ...
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Oil plays an important role in financing the country and can be used as a positive tool for improving total factor productivity and can reduce technical gap with developed countries. But most of the oil countries with oil revenues, despite the considerable value of these resource revenues, do not have appropriate economic performance. Therefore, this study utilizes a system of simultaneous equations to evaluate the direct and indirect effects of oil on the economy's total factor productivity during the period 1978-2013. The results by 3SLS show, the direct effect of oil revenues on total factor productivity is negative and significant. Also the effect of oil revenues on the equations of human capital accumulation, domestic research and development accumulation and financial development equations are negative and significant and in the research and development spillovers of trade partners and information and communication technology accumulation equations are positive and non-significant. According to the results, the effect of human capital, domestic research and development accumulation, research and development spilloversof trade partners, and information and communication technology equations are positive and significant and the effect of financial development on total factor productivity is positive and non- significant. Therefore, it is expected that politicians and decision-makers with the management of appropriate resources (coordination of supply and demand side policies with a focus on the development of knowledge-based components market) take steps in order to create endogenous technical change and improve total factor productivity.
ی
Abolfazl Shahabadi; Marzieh Salehi
Volume 7, Issue 26 , February 2017, , Pages 35-48
Abstract
The impact of increased public health spending on economic-social performance of society and especially the importance and its role in providing and ensuring sustainable development in developing and developed countries, has been interest of economists and politicians since past to present. For this ...
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The impact of increased public health spending on economic-social performance of society and especially the importance and its role in providing and ensuring sustainable development in developing and developed countries, has been interest of economists and politicians since past to present. For this purpose, many patterns attempted to identify the factors affecting growth of per capita public health spending and to explain their impact. Due to the vital role of per capita public health spending on economic development, current study using the generalized method of moments (GMM) has paid to investigate improving the management of oil wealth abundance on public health spending in the selected oil and developed countries during the period 1996-2012. The evidences indicate that efficient, intelligent and prospective management of oil resources have important role in increasing per capita public health spending in both groups studied selected oil and developed countries. This represents a serious move for selected oil countries to improve the management of abundance of oil wealth. Furthermore study findings show that per capita GDP growth and consumer price index have a positive and significant impact on growth of public health spending in oil and developed countries. Also results show that income inequality has a negative and significant impact on growth of per capita public health spending in both groups of countries.
Economic Growth
Abolfazl Shahabadi; Hossein Sohrabi vafa; Yunes Salmani
Volume 6, Issue 23 , May 2016, , Pages 88-75
Abstract
The recent economic growth theories believe that the inovation developed in response to economic incentives is the main engine of technological progress and economic growth traditionally. Thus this study investigates the role of capital and R&D activities in Iran, Turkey and Malaysia with distributed ...
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The recent economic growth theories believe that the inovation developed in response to economic incentives is the main engine of technological progress and economic growth traditionally. Thus this study investigates the role of capital and R&D activities in Iran, Turkey and Malaysia with distributed lag regression during 1981-2012. The result indicates that in the long term, in Malaysia, impact of R&D activities, is sustainable and more stable on economic growth in comparison with Iran and Turkey. Also the R&D investment compared with physical capital has a greater impacton economic growth inTurkey and Iran.
Economic Growth
Volume 5, Issue 20 , August 2015, , Pages 98-79
Abstract
In past years there are differences between economic researchers about relationship of natural resource abundance and GDP per capita. Some of them based on empirical evidence have believe that resource abundance are inhibitors the road to GDP, while other researchers with providing evidence believe that ...
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In past years there are differences between economic researchers about relationship of natural resource abundance and GDP per capita. Some of them based on empirical evidence have believe that resource abundance are inhibitors the road to GDP, while other researchers with providing evidence believe that resource abundance in itself has direct positive effect on GDP, however the interaction effect is negative. The present study investigates the relationship between natural resource abundance and GDP per capita through effects of the two groups of countries (Organization of the Petroleum Exporting Countries and NON-OPEC) over the period 1995-2012. For this purpose, the variables such as natural resource abundant, Dutch disease, economic freedom and financial capital and impact of natural resource abundant on degree of economic freedom as an institutional variable are used for interaction mechanisms. The estimation results show that in all both group of countries, natural resource abundant has positive and significant impact on GDP per capita, while interaction between economic freedom on natural resource abundance in Organization of the Petroleum Exporting Countries as a deterrent and in other groups to act as a GDP extender factors.
Abolfazl Shahabadi; Zahra Khany
Volume 2, Issue 7 , September 2012, , Pages 32-21
Abstract
Decreasing unemployment rate is one of the most striking objects for economic planners and decision makers; and achieves to this, will lead to solve a lot of economic and social problems. According to theory and empirical studies, total factor productivity growth has a determinant role in unemployment ...
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Decreasing unemployment rate is one of the most striking objects for economic planners and decision makers; and achieves to this, will lead to solve a lot of economic and social problems. According to theory and empirical studies, total factor productivity growth has a determinant role in unemployment rate. This study investigates the impacts of total factor productivity on the unemployment rate in the economy of Iran, based on annual data spanning the period 1971-2009. Results of the study indicate that total factor productivity growth has a significant and negative effect on unemployment rate of Iran's economy in the short-term and long-term. On the one hand, Granger causality test shows two-way causality relationship between unemployment rate and total factor productivity rate in economy of Iran, both in the short-term and the long-term. Thus, promoting the level of technical knowledge (technology) and enhancing motivation of workforce for more and use full work as well as avoiding of determining wages as imperative and other production factors, can move toward increase total factor productivity and reduce unemployment rate of Iran’s economy.
