Economic Growth
Mohammad Reza Lotfalipour; Morteza Bastam
Volume 7, Issue 27 , July 2017, , Pages 29-44
Abstract
Investigating economic aspects of pollutant emissions and their consequences, especially due to its increasing trend, is among important issues and accordingly in recent years much attention has been paid to its destructive impacts. In the present study, the impact of economic growth and urbanization ...
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Investigating economic aspects of pollutant emissions and their consequences, especially due to its increasing trend, is among important issues and accordingly in recent years much attention has been paid to its destructive impacts. In the present study, the impact of economic growth and urbanization on carbon dioxide emissions and existence of Environmental Kuznets Curve (EKC) is investigated. STRIPAT model framework was formed for the test and fixed impact parametric and semi-parametric panel data models were estimated for Asian countries from 2000 through 2014. Despite the fact that parametric panel data method didn't confirmed existence of inverted-U relationship for both models, but semi-parametric panel data confirmed EKC hypothesis just for economic growth and CO2 emissions variables.
Economic Growth
Behnam Ebrahimi; Mohammad Vaez Barzani; Rahim Dallali Esfahani; Majid Fakhar
Volume 6, Issue 22 , January 2016, , Pages 84-71
Abstract
It’s expected, theoretically, that financial development, facilitates allocation of resources to most-productive uses and thereby fosters economic growth. Nonetheless, some opponent theories and evidences, implies that financial development may has different and to some extent antonym effects on ...
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It’s expected, theoretically, that financial development, facilitates allocation of resources to most-productive uses and thereby fosters economic growth. Nonetheless, some opponent theories and evidences, implies that financial development may has different and to some extent antonym effects on economic growth in different situations. Specifically, qualitative financial development (financial innovations), in addition to augmenting economic efficiency, could result in regulatory arbitrage (financial institutions efforts to sidestep regulatory restrictions in order to gain more profits) which, in turn, distorts fundamental economic variables from optimum levels and thereby affects economic growth negatively. In this study, we use a semi-parametric model, based on a monetary/financial economic growth model, and data from Iran economy for the period of 1990-2012 to empirically evaluate the effect of unexpected occurrence of financial innovation on capital formation. According to results of the study, qualitative financial development would scale down capital formation and economic growth. Additionally, results reveal that regulated reserve requirements in Iran might be at their optimal level.