Ramezan Hosseinzadeh; Nooroddin Sharify
Volume 4, Issue 15 , August 2014, Pages 24-11
Abstract
Investigation of regional growth requires an examination of the region’s economic structure so as to identify the effective factors of its economic sectors’ growth. This study aimed to decomposing economic growth factors in Golestan Province, emphasizing the role of spillovers coefficients ...
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Investigation of regional growth requires an examination of the region’s economic structure so as to identify the effective factors of its economic sectors’ growth. This study aimed to decomposing economic growth factors in Golestan Province, emphasizing the role of spillovers coefficients from other regions and feedback coefficients during 2001-2010. The two regional I-O tables for the years 2001, 2006 and 2010, prepared from the respective national tables, have been used as database of the research. The results show that increasing the level of final demand in other regions and changes in spillover coefficients have a significant impact on Golestan output, whereas changes in feedback coefficients has minimal effect. The sector-level analysis indicates that agriculture and agro-based industries have been most affected by the spillover and feedback coefficients.
Mojtaba Kazemi; Seyed Abdolmajid Jalaee Esfand Abadi; Hossein Akbari Fard
Volume 4, Issue 15 , August 2014, Pages 40-25
Abstract
In this paper, in order to empirically examine and predict the effect of exchange rate uncertainty on economic growth in Iran over the period 1959 to 2010, econometrics methods and artificial neural network are applied. For this purpose, at first the exchange rate uncertainty is calculated by the generalized ...
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In this paper, in order to empirically examine and predict the effect of exchange rate uncertainty on economic growth in Iran over the period 1959 to 2010, econometrics methods and artificial neural network are applied. For this purpose, at first the exchange rate uncertainty is calculated by the generalized autoregressive conditional heteroskedasticity (GARCH) method. Then the impact of exchange rate uncertainty on economic growth in Iran has been tested. For this purpose, the proper network, in according to valuation criterions like determination coefficient and mean square of error were determined. Then research hypothesis has been investigated by attention to trained artificial neural network. The results indicate that exchange rate uncertainty has had a weak negative effect on Iran economic growth in recent years. Of course, it is expected that this effect in the future to be significantly stronger.
Hassan Heidari; Roghayyeh Alinezhad; Javad Jahangirzadeh
Volume 4, Issue 15 , August 2014, Pages 60-41
Abstract
This study aims to investigate the potential threshold effects in the relationship between democracy and economic growth for the D-8 countries over the period 1996-2011. In this investigation we also introduce other variables including education expenditures, government consumption expenditures, agricultural ...
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This study aims to investigate the potential threshold effects in the relationship between democracy and economic growth for the D-8 countries over the period 1996-2011. In this investigation we also introduce other variables including education expenditures, government consumption expenditures, agricultural raw materials exports, inflation rate and index of openness. In order to do this investigation, the paper uses the Panel Smooth Transition Regression (PSTR) model that is appropriate method for describing cross-country heterogeneity. Our results reject the linearity hypothesis, and estimates two regimes that give a threshold at democracy of -0.971. In the first regime, democracy, education expenditure and government consumption expenditure variables have a significantly positive impact on GDP and agricultural raw materials exports, inflation rate and index of openness variables have a significantly negative impact on GDP. At the second regime, democracy, education expenditure, agricultural raw materials exports and index of openness variables have a positive impact and government consumption expenditure and inflation rate variables have a negative impact on GDP. Though, the impact of democracy and education expenditure are increased and the impact of inflation rate dramatically declined and government consumption expenditure, agricultural raw materials exports and index of openness sign have changed between two regimes. Therefore, empirical results confirm the compatibility view.
Mohammad Reza Lotfalipour; Mohammadali Falahi; Had i Esmaeilpour Moghaddam
Volume 4, Issue 15 , August 2014, Pages 76-61
Abstract
Undesirable environmental changes such as global warming and greenhouse gases emissions rising have created much concerns worldwide during recent decades. Environmental problems emerged from economic activities have become a controversial problem due to achieve higher economic growth rate. The ...
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Undesirable environmental changes such as global warming and greenhouse gases emissions rising have created much concerns worldwide during recent decades. Environmental problems emerged from economic activities have become a controversial problem due to achieve higher economic growth rate. The aim of this research is to investigate the effects of economic growth, trade and financial development on environmental quality in Iran. To this end, the statistical data during the period of 1970-2011 has been used. Also by using the Auto Regression Model Distributed Lag (ARDL) short-term and long-term relationships between the variables of model were estimated and analyzed. The results show that financial development and economic growth increase the degradation of the environment. In addition, the rise in trade openness reduces the degradation of the environment. Error correction coefficient (ECM) shows that in each period 51 percent of imbalance will be compensated and it closes to its long run process. CUSUM and CUSUMSQ tests show that the estimated coefficients are stable over the period.
Shahabeddin Shams; Mohsen Alizadeh Sani; Hamid Jafari
Volume 4, Issue 15 , August 2014, Pages 86-77
Abstract
Today, providing different economic, social and political indicators has become one of the most important researchers’ activities. This issue has also risen in banking and non-banking sectors. This paper aims to analyze Iran’s economic trend from financial development perspective by introducing ...
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Today, providing different economic, social and political indicators has become one of the most important researchers’ activities. This issue has also risen in banking and non-banking sectors. This paper aims to analyze Iran’s economic trend from financial development perspective by introducing and studying the banking and non-banking indicators and their relationship and also attempts to present possible solutions to the existing problems. The results show that in the non - banking sector, all the independent variables have meaningful relations to non-banking sector latent variable directly. It means that all the relations are established directly. Moreover, in the banking sector, value-added services variable in monetary and financial institutions, the banking network efficiency, private sectors’ share in banking, private sector’s share from banking facilities, the ratio of banks and monetary institutions’ assets to the assets of banking system have meaningful relation with banking sector latent variable directly. In addition, banking profit margins and banks’ focus degree have meaningful relation to banking sector latent variable indirectly. It implies all direct and indirect relations are established and the canonical correlation equals to 0.89.
Sohrab Delangizan; Mohammad Sharif Karimi; Zeinab Khalvandi
Volume 4, Issue 15 , August 2014, Pages 104-87
Abstract
Financial corruption affects on economy’s health via different channels which the most important channel is distortions in the allocation of resources. On the other hand, the level of knowledge-based economy also can affect on behaviour of factors of production. An important question is whether ...
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Financial corruption affects on economy’s health via different channels which the most important channel is distortions in the allocation of resources. On the other hand, the level of knowledge-based economy also can affect on behaviour of factors of production. An important question is whether the level of knowledge-based economy can affect the relationship between corruption and economic growth? This study investigates the effect of financial corruption on economic growth for 138 countries over the period 2000 - 2011 by using the consolidated corruption perception indicator, the level of knowledge based economy indicator and economic growth and a dynamic panel model which called Generalized method of moments (GMM). The results of classification of countries show that, in the groups with high knowledge-based economy indicator, control of financial corruption has positive impact on economic growth but in the groups with moderate knowledge-based economy indicator, control of corruption, has negative impact on economic growth. Also, the results show that in the first group of countries, stability of corruption control policies has a positive impact on economic growth but in the second group of countries, it has a negative effect.
Bita Shaygani; Mahdi Fadaee
Volume 4, Issue 15 , August 2014, Pages 120-105
Abstract
The purpose of this research is to investigate the effect of imposing exchange rate arrangements on trading volume of regional trade cooperation in selected Islamic countries. Countries examined in this study, are ECO, GCC and D-8, consists of 26 countries during the years 2001-2012 using the generalized ...
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The purpose of this research is to investigate the effect of imposing exchange rate arrangements on trading volume of regional trade cooperation in selected Islamic countries. Countries examined in this study, are ECO, GCC and D-8, consists of 26 countries during the years 2001-2012 using the generalized gravity model and a two-step system of generalized method of moments (GMM). The results show that applying different exchange rate arrangements has had significant influence on imports, so that in D-8 and ECO countries, free floating exchange rate arrangements with coefficients of 1.03 and 13.7 have had the greatest impacts on import. In GCC group, pegged arrangements with coefficient of 1.39 have had a significant and positive impact on the volume of bilateral trade between members.
