Document Type : Quarterly Journal
Authors
1 Associate Professor of Economics, Faculty of Islamic Studies and Economics, Imam Sadiq University
2 Ph.D. in Economics, Lorestan University
Abstract
In this article examines the relationship between justice from the Islamic perspective and economic growth. In the present study seeks to consider the indexes of justice in the stage of distribution before production and distribution after production based on the approach of martyr ayatollah Mohammad Baqir sadr and other Islamic economists of justice and has been investigated the relationship between justice and growth in two models. Results of estimating the first model using Autoregressive Distributed Lag (ARDL) over 1978-2019 reveals that the physical quality of life index as the justice index before production and the Amartya Sen welfare index as the justice index after production leave short-term and long-term positive impacts on the growth of gross domestic product. The results of the second model using the Fully-Modified Ordinary Least Square method over 1978-2019 indicated the Amartya Sen welfare index and economic liberalization as the social justice index had a positive impact on the growth of gross domestic product. Thus, justice must be paid special attention in various stages of production so that it can impact the improvement of growth, and the establishment and maintenance of economic and social justice can play a significant part in the increase of GDP and sustainable development.
Keywords
- economic justice from the Islamic perspective
- Pre-Production distribution and Post-Production distribution
- economic growth
- ARDL model
- FMOLS method
Main Subjects
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