Ahmad Googerdchian; Fatemeh Rahimi
Volume 3, Issue 9 , April 2013, Pages 24-9
Abstract
The process of technology growth through internal research and development (R&D) is slow and expensive in developing countries. Technology has an inevitable role in production and industry; therefore countries will be able to benefit from spillovers effects through bilateral trade. In other words, ...
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The process of technology growth through internal research and development (R&D) is slow and expensive in developing countries. Technology has an inevitable role in production and industry; therefore countries will be able to benefit from spillovers effects through bilateral trade. In other words, every country and to be more specific, developing countries can have access to high-tech followed by growth and productivity in less expense through trade with developed countries. In this respect, growth and productivity of any country can be affected by investment in domestic R&D as well as R&D of trade partners. This research is an investigation of the effect of R&D spillovers and innovation of Iran trade partners on the country's economic growth from 2000 to 2009. According to gravity model, the results show that all the included variables - GDP of partners, population, spillovers of domestic and foreign R&D as well as innovation - have significant influence on Iran's economic growth.
Morteza Sameti; Homayoun Ranjbar; Monireh Hematzadeh
Volume 3, Issue 9 , April 2013, Pages 40-25
Abstract
This study seeks to investigate the relationship between the development of financial sector and real sector in an economy under the asymmetric information because true growth is conditioned to the development of the financial structure, so that, countries with more developed financial sector, enjoy ...
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This study seeks to investigate the relationship between the development of financial sector and real sector in an economy under the asymmetric information because true growth is conditioned to the development of the financial structure, so that, countries with more developed financial sector, enjoy a higher rate of growth than the other countries. In this study the economic growth criterion denotes the development of the real sector, and variables such as ratio of the value of the stock exchange to GDP has been introduced as a criterion of development of financial sector. Also, logarithm of variance of the stock exchange price index and bank credits of the private sector index have been applied as a criterion of asymmetric information in the fiscal and money market. This model is estimated by applying panel data method for selected developed and developing countries in 1993-2008. The results depict the higher effectiveness level of financial market in comparison with money market in the developed countries, also financial structure of the developed countries differs from the developing ones because of a high level and evolved information symmetry in the developed countries, while in the developing countries, the money market is stronger than the stock exchange.
Sadegh Bakhtiari; Homayoun Ranjbar; Somayeh Ghorbani
Volume 3, Issue 9 , April 2013, Pages 58-41
Abstract
Today in economic studies, the composite index is often used for measuring economic welfare. One of the current and most comprehensive composite index for measuring level of economic well being is the one introduced by osberg (IEWB) and later have developed by the Centre for the Study of Living Standards ...
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Today in economic studies, the composite index is often used for measuring economic welfare. One of the current and most comprehensive composite index for measuring level of economic well being is the one introduced by osberg (IEWB) and later have developed by the Centre for the Study of Living Standards (CSLS). In this index, among the different economic variables that affect economic welfare, the most importance is given to the components related to four dimensions, namely consumption, wealth, income distribution and economic security. So in this study the IEWB as a comprehensive index of economic welfare has been chosen. This paper, for the first time, tries to introduce IEWB and applies it to the data for selected developing countries during the 2002 to 2007 period and results have been analyzed. The findings of this study indicate that during the period under consideration on average Morocco has the highest value of the IEWB index, and Bangladesh has the lowest one. In terms of rate of growth, Turkey has the highest and Bangladesh has the lowest rate of growth. Iran did not have a good position and ranked 8 among the countries under consideration.
Mahdi Nouri; Hamed Navidi
Volume 3, Issue 9 , April 2013, Pages 70-59
Abstract
Expanding non-oil export to get rid of one-product economy has been known as a solution for economic development inIran. Hence, it is necessary to study factors affecting this economic variable. The exchange rate and risk associated with its unexpected volatilities can be noted as the factors affecting ...
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Expanding non-oil export to get rid of one-product economy has been known as a solution for economic development inIran. Hence, it is necessary to study factors affecting this economic variable. The exchange rate and risk associated with its unexpected volatilities can be noted as the factors affecting export. On this basis, this research aims to investigate the effect of real exchange rate risk onIran’s non-oil export. To do this, the disaggregate data belonging to 13Iran’s trading partners over the period of 1985-2010 was used. The panel data approach was also utilized in the analysis process. Furthermore, to more accurate investigate of this subject, 7 alternative criteria were used to assess the volatility of real exchange rate. The results indicated that the exchange rate risk has a positive and significant effect onIran’s non-oil export in the short-run. This result could be attributed to the positive nature of exchange rate volatility in Iran so that this matter could change the expectations of economic agents, especially exporters, to improve the general trend of real exchange rate.
Mahdi Fadaee; Shayesteh Kazemi
Volume 3, Issue 9 , April 2013, Pages 84-71
Abstract
One of the ways to create jobs is increasing the capacities of jobs through new investments. The aim of this research is to analyze the effects of foreign direct investment (FDI) on job creation in Iran. Thus, 1970-2010 statistical data have been used to survey the relationship between foreign ...
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One of the ways to create jobs is increasing the capacities of jobs through new investments. The aim of this research is to analyze the effects of foreign direct investment (FDI) on job creation in Iran. Thus, 1970-2010 statistical data have been used to survey the relationship between foreign direct investment and employment in a theoretical and experimental frame. By specifying an econometric model, the relations between the variables have been estimated by ARDL model. The results of research show that, foreign direct investment directly and meaningfully influences the economic growth to the extent that it improves the process of job creation opportunities in short run (0.1286) and long run (0.1261). Error correction coefficient (ECM) obtained in this model shows that in each period 10/2 percent of inequelibrium will justify and close to the long run imbalances. CUSUM and CUSUMSQ structural stability tests show that the estimated coefficients are stable over the period.
Reza Najarzadeh; Farzad Rahimzadeh
Volume 3, Issue 9 , April 2013, Pages 98-85
Abstract
Undoubtedly, the Internet has affected the country's economic and financial interactions. Therefore, in this paper, the effect of Internet on economic growth has been studied. To this end, data of 140 countries collected in the period 1995 to 2010 and after review of data stationary and their cointegration ...
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Undoubtedly, the Internet has affected the country's economic and financial interactions. Therefore, in this paper, the effect of Internet on economic growth has been studied. To this end, data of 140 countries collected in the period 1995 to 2010 and after review of data stationary and their cointegration with Pedroni Cointegration test, model is estimated by panel data approach. The model estimation results show that the rate of Internet access, capital stock, labor force, trade openness and per capita spending on education have positive and significant effects and inflation and government consumption spending have the negative impact on per capita GDP growth.
Jahangir Biyabani; Asghar Abolhassani Hastiyani; Bita Shayegani; Mahdi Haghgou
Volume 3, Issue 9 , April 2013, Pages 112-99
Abstract
The important role of export in economic growth and development and its impact on different economic sectors constitute a broad and significant issue upon which a large number of economists have been concentrating their minds, and has even branched out extensively into other scientific fields. In this ...
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The important role of export in economic growth and development and its impact on different economic sectors constitute a broad and significant issue upon which a large number of economists have been concentrating their minds, and has even branched out extensively into other scientific fields. In this regard, developing countries benefit from potential endowments due to relative advantages and huge amount of resources and have expertise in raw materials production and international specialization has led these countries to be dependent on raw materials export earnings. Likewise, considering that export's commodity prices are unpredictable, their fluctuations lead to export earnings be violated. Consequently, the economy as a whole would negatively or positively be affected and these result in instability of economic growth. For this purpose, this study aims at investigation of relationship between export earnings' volatilities and economic growth. Therefore, using estimation of St. Louis growth model over period 1976-2010, and Auto-Regression Distributed Lags (ARDL), effects of export earnings' volatilities on economic growth was evaluated. The findings of this study indicate significant negative impact of export earnings' volatilities on economic growth.
