Economic Growth
Hossein Asgharpur; Mohammad-Salar Shahryari; Jaafar Haghighat; Saman Hatamerad; mansour heydari
Abstract
One of the important problems in examining economic growth is equating the frequency of variables affecting production, which approach leads to the loss of information on explanatory variables that have a high frequency compared to economic growth. In this study, by using the MIDAS and MIDAS-VAR method, ...
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One of the important problems in examining economic growth is equating the frequency of variables affecting production, which approach leads to the loss of information on explanatory variables that have a high frequency compared to economic growth. In this study, by using the MIDAS and MIDAS-VAR method, the effect of Tehran Stock market performance on the economic growth of Iran during the period of 2011 to 2021 has been investigated for quarterly and monthly data. The results of the estimates indicate the in the first month of the seasons when the number of stock market booms was high, stock returns had a very positive and significant impact on economic growth. This positive effect decreased with the increase in the number of recessions in the third months and in the second month of every quarter when the number of recessions in the stock market was high, and this had a negative effect on economic growth. Also, the empirical findings indicate that the intensity of the influence of stock returns was stronger in periods of recession than in periods of prosperity. Therefore, the most important policy recommendation of the current research is that in order to increase economic growth, it is necessary for economic policy makers to provide the basis for the growth and development of the stock market and increase its efficiency by adopting appropriate policies, and also prevent recession and its prolongation in the stock market.
Economic Growth
Hosein Eivazloo; masoumeh motallebi
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 ...
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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.
s
majid karimirizi; Mohammadhadi Sobhanian; Mohammad Qezelbash
Abstract
During the last decade, the use of Islamic financial bonds in the form of issuing new bonds, converting government's non-debt debts into financial bonds, the clearing of government bond debts from the non-banking sector to the banking network and from the banking network to the central bank has increased. ...
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During the last decade, the use of Islamic financial bonds in the form of issuing new bonds, converting government's non-debt debts into financial bonds, the clearing of government bond debts from the non-banking sector to the banking network and from the banking network to the central bank has increased. Based on this, the present research analyzes the macroeconomic consequences of financing the government of the Islamic Republic of Iran in two ways, the traditional approach (non-securities) and the issuance of Islamic securities through the dynamic stochastic general equilibrium model of DSGE on the main economic variables including inflation, investment , employment and economic growth. For this purpose, based on past experimental studies and seasonal data of Iran's economy during the period (1990:1 – 2021:4), simulation has been done and instantaneous reaction functions of macroeconomic variables to debt shocks. Conventional and financial bonds of the government to the central bank, banking network and the non-banking sector should be reviewed. The obtained results show; Financing the government by using debt securities will generally lead to investment growth, prevent the increase in inflation compared to the method of financing through non-debt debt, and create economic growth. Also, the effects of this on employment are assessed as positive in government bond debts to the banking network and to the central bank, and negative in government bond debts to the non-banking sector.
total factor productivity of production؛
samira motaghi
Abstract
The current research aims to investigate the effectiveness of scientific innovation on the productivity of the labor force in Islamic countries with the use of health as a mediating variable with an analytical approach. In this study, data panel and Eviews 13 software were used, which examines and analyzes ...
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The current research aims to investigate the effectiveness of scientific innovation on the productivity of the labor force in Islamic countries with the use of health as a mediating variable with an analytical approach. In this study, data panel and Eviews 13 software were used, which examines and analyzes independent variables on labor productivity during the period of 2010-2022. The variables examined in this research include per capita physical capital, technology, innovation, education, health care expenses, and life expectancy. The variable index of physical and human capital, respectively, is the calculation of net capital formation on the number of employees and the average years of education, which has a positive effect on labor productivity, as well as the index of the number of articles published in scientific and technical journals as a substitute for the variable of innovation and technology export. Advanced, which is a representative for the technology variable, and the index related to health measurement, which life expectancy and health cost per capita is considered as a substitute for the level of health and health, with its improvement, it increases the level of productivity of the labor force. . The results of the research show that all the variables used in the research have a positive and significant effect on the growth of labor productivity in the group of Islamic countries.
Somayeh Azami; Hamid Rahmani; Sohrab Delangizan
Abstract
The empirical test of the environmental Kuznets curve (EKC) hypothesis plays an important role in designing a macroeconomic model for sustainable economic development; The purpose of this study is to examine the relationship between growth and carbon dioxide emissions, emphasizing the role of renewable ...
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The empirical test of the environmental Kuznets curve (EKC) hypothesis plays an important role in designing a macroeconomic model for sustainable economic development; The purpose of this study is to examine the relationship between growth and carbon dioxide emissions, emphasizing the role of renewable and fossil energy consumption in developing and developed countries. For this purpose, 26 developed countries and 41 developing countries have been considered in the period of 2000-2021. The results of the Westerland cointegration test (with cross-sectional dependence between countries) in developed countries and the Kao cointegration test (without cross-sectional dependence between countries) in developing countries indicate the existence of a long-term relationship between model variables in both groups of countries. FGLS and PCSE estimators show that in both groups of countries, renewable energy consumption has a positive and significant impact on the quality of the environment, and the absolute value of this impact is greater in developed countries than in developing countries, while this result for Fossil energy is the opposite. The N-shaped growth-pollution relationship is confirmed in both groups of countries. Therefore, it cannot be expected that pollution emissions will decrease in the long term with the increase in production. Therefore, the claim that "economic growth is both the cause and the solution of environmental destruction" is doubtful. This study highlights the importance of promoting green energy in order to achieve sustainable development and combat global warming.
Energy
Elham Nobahar; Neda Sadeghi
Abstract
Energy, as one of the most important factors of production, plays a crucial role in the economic growth of countries, but in today's world, addressing economic growth issues without considering the aspects of sustainable development and intergenerational consequences is impossible. Considering the importance ...
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Energy, as one of the most important factors of production, plays a crucial role in the economic growth of countries, but in today's world, addressing economic growth issues without considering the aspects of sustainable development and intergenerational consequences is impossible. Considering the importance and differences of renewable and non-renewable energies in the sustainable development of countries, the main purpose of this study is to examine the causal relationship between economic growth and the consumption of renewable and non-renewable energies in the D8 and G7 countries. Using two causality approaches, Dumitrescu-Hurlin (2012) and Konya (2006), this study investigates the relationship between these variables over the period from 2000 to 2022. The findings of this study reveal a unidirectional causality from GDP to renewable energy consumption in the D8 countries. Additionally, no causal relationship is observed between non-renewable energy consumption and GDP in these countries. In other words, in the D8 countries, economic growth is not influenced by energy consumption; however, as economic growth increases, these countries tend to adopt renewable energy sources. On the other hand, in the G7 countries that are more developed, the results indicate a unidirectional causal relationship from the consumption of renewable energy to GDP. Furthermore, the findings demonstrate a unidirectional causality from domestic gross production to non-renewable energy consumption. Hence, in the G7 countries, economic growth is influenced by the consumption of renewable energy and, in turn, impacts the consumption of non-renewable energy.
s
Saleh Taheri Bazkhaneh
Abstract
The impact of inflation uncertainty on the real sector is one of the topics of monetary economics, which leads to important effects at the macroeconomic level. Despite this, there is no consensus on how inflation uncertainty affects output in the field of theoretical and empirical studies. On the other ...
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The impact of inflation uncertainty on the real sector is one of the topics of monetary economics, which leads to important effects at the macroeconomic level. Despite this, there is no consensus on how inflation uncertainty affects output in the field of theoretical and empirical studies. On the other hand, considering the conditions of countries with natural resources rent, this relationship may be challenged. Therefore, the current research tries to provide a new insight in this field by choosing Iran's economy due to the experience of wide inflation fluctuations on the one hand and the special role of oil revenues on its various sectors. For this purposedata from 1989:2 – 2021:2 and continuous wavelet transformation were used to examine the relationship between uncertainty of inflation and output by different groups.The results showed that in the short-run horizon, the gross domestic product and its components have experienced various relationships in terms of intensity, direction and flow of causality with inflation uncertainty. In the medium and long run, the gross domestic product due to oil revenues has an inverse effect on inflation uncertainty. Based on this, it can be said that achieving one of the important goals of monetary policy is dependent on the real sector and specifically oil rent. This problem is rooted in the high concentration of oil in Iran's economy and its direct and indirect influence on liquidity, which reflects the lack of independence of the central bank.
