Original Article
Meysam Pashaee; Mehdi Fathabadi
Abstract
The government budget is the largest and most important financial document of the country, it is expected every year. Unfortunately, the forecast error in budget expenditures and revenues has caused a budget deficit for the country in consecutive years. Therefore, in the present study, the factors affecting ...
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The government budget is the largest and most important financial document of the country, it is expected every year. Unfortunately, the forecast error in budget expenditures and revenues has caused a budget deficit for the country in consecutive years. Therefore, in the present study, the factors affecting the error in forecasting government budget expenditures in the period 1360-96 have been investigated. For this purpose, a regression model has been used to examine the three models of cost credits, capital asset acquisition, and financial asset acquisition. The results of SURE model show that exchange rate variables and realized values of costs are effective in predicting all three cost variables and GDP is effective in forecasting cost credits and capital credits with coefficients of 1.201 and 1.662, i.e. when GDP Government spending and development credits are also increasingeffective in forecasting cost credits and capital credits with coefficients of 1.201 and 1.662, i.e. when GDP Government spending and development credits are also increasing
Original Article
Financial monetary economy
saeed rahimi; parvaneh salatin; Mahmoud Mahmoudzadeh; Masoud Sufi Majidpour
Abstract
In this study, the effect of banks' performance on economic convergence in the provinces in the period of 2018-2019 has been investigated using spatial econometrics. The results of the estimation of the models showed that the ratio of facilities to bank deposits as an indicator of banking performance ...
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In this study, the effect of banks' performance on economic convergence in the provinces in the period of 2018-2019 has been investigated using spatial econometrics. The results of the estimation of the models showed that the ratio of facilities to bank deposits as an indicator of banking performance and monetary indiscipline have a negative and significant effect on economic convergence in the provinces. The speed of convergence of conditional beta estimated by considering bank indices is higher than absolute convergence.Also, real capital stock, human capital and Internet penetration rate have a positive and significant effect and the rate of economic participation has a negative and significant effect on economic convergence. Investigating the effects of spillovers in 2018 showed that the spillover effect of banking performance on neighboring provinces was positive. Also, with the increase in the distance between the provinces, the spillover effect has decreased, in fact, the spillover effects on the neighboring provinces are more than the provinces that are located at a further distance.
Original Article
Bank
MOHAMMAD HOSSEIN Hadavi; Behrooz Ghasemi; SOHEIL SARMAD SAEIDI
Abstract
In the current situation of the country, realizing macroeconomic policies and achieving the goals of the resistive economy, financing the needs of the real and productive sectors of the economy, especially in the field of indirect provision of funds needed for those active in industrial markets, has ...
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In the current situation of the country, realizing macroeconomic policies and achieving the goals of the resistive economy, financing the needs of the real and productive sectors of the economy, especially in the field of indirect provision of funds needed for those active in industrial markets, has become more important than before. It is necessary to find solutions that can respond to the increasing demand for credit services in banks in the current inflationary conditions of the economy and help in the direct financing of the production chain. The use of alternative solutions for granting facilities, such as opening Rial letters of credit, while fulfilling the expectations of industrial customers, is not only compatible with the rules of Islamic banking, but is also attractive for banks because it helps to increase non- shared income. In this regard, conducting applied research with the aim of financial development of commercial banks and improving the marketing methods of financing tools, while helping to strengthen the country's financial system and facilitating the implementation of the general policies of the resistive economy, can also be a way forward in the prosperity of production. This research was carried out with a qualitative approach and with the grounded theory method. Then banking industry experts, experts, managers and other people familiar with the process of opening letters of credit in Sadaret Bank of Iran were selected by snowball method and after interviewing them, data analysis was done in three stages of open coding, axial coding and code Selection was done. Finally, the pattern of prioritization of industrial customers applying for internal letters of credit in Saderat Bank and other commercial banks was presented.
Original Article
Financial Economics
Sareh Amirmojahedi; Ali Raeispour Rajabali; seied abdolmajed jalaee esfandabadi
Abstract
Considering that in the knowledge economy , production, distribution and application of knowledge and information is the main factor of development, produce of wealth and employment in all economic activities, therefore, it is important to examine the financial friction and financial development on the ...
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Considering that in the knowledge economy , production, distribution and application of knowledge and information is the main factor of development, produce of wealth and employment in all economic activities, therefore, it is important to examine the financial friction and financial development on the indicators of the knowledge economy of economic sectors, Therefore In this research the effect of shocks due to financial friction (increase in legal reserve rate) and financial development (reduce in bank loans interest rate) on knowledge base index (R&D expenditure) of each economic sector (agriculture, industry and services) was studied using Recursive Dynamic Computable General Equilibrium (RDCGE) model. For this purpose the required date was gathered from social accounting matrix of Islamic Parliament of Iran related to year 2011 and input-output table of Central Bank of Iran related to year 2016. Results indicated that shocks of financial friction have significant inverse effect and shocks of financial development have significant positive effect on knowledge base index (R&D expenditure) of agriculture, industry and services sectors. Because with increase in financial friction or development, the ability of banks for allocating bank loans to economic firms will reduce and consequently their knowledge base index (R&D expenditure) will reduce. In addition between studied economic sectors, the financial friction and development shocks have the most effect on knowledge base index (R&D expenditure) of industry, agriculture and services sectors, respectively.
