پژوهشی
shabnam sadeghi nasab; Ali Falahati; Kiomars Sohaili
Abstract
Abstract
In recent decades one of the problems that Iran’s economy had been faced is the high growth rate of liquidity in the country. The high liquidity growth have had many consequences for Iran’s economy include high inflation, currency depreciation, high interest rates and those problems pointed ...
Read More
Abstract
In recent decades one of the problems that Iran’s economy had been faced is the high growth rate of liquidity in the country. The high liquidity growth have had many consequences for Iran’s economy include high inflation, currency depreciation, high interest rates and those problems pointed out. Since the liquidity in Iran has always been a positive growth rate, in most studies, liquidity has been introduced as one of the factors affecting on inflation, the recent study aims is examine and analyze high liquidity in Iran experimentally and as well as finding the main components.
In this study has been used Vector Auto Regressive Model (var). For this purpose, by use from time series data for the 1359-1391, examine the model.
The results obtained from the study implies that, growth rate of exchange, inflation rate, interest rate,
have a Negative and significant relationship and also growth rate of budget deficit and growth rate of GDP , have a Positive and significant relationship with growth rate of liquidity. In result can said that money inside in Iran.
پژوهشی
Nava Ramezanian Bajgiran; Mostafa Salimifar; Ali Akbar Naji Meydani; Mohammad Salimifar
Abstract
According to endogenous growth theories, knowledge, innovation and technology are the most important factors affecting economic growth. There is also the view that economic growth can in turn expand the innovation and inventions by facilitating access to the financial resources for the entrepreneurs. ...
Read More
According to endogenous growth theories, knowledge, innovation and technology are the most important factors affecting economic growth. There is also the view that economic growth can in turn expand the innovation and inventions by facilitating access to the financial resources for the entrepreneurs. In other words, there may be a circular flow between innovation and economic growth. Despite the importance of innovation in the economy, little has been done about this subject, especially in developing countries. Hence, this study was designed to investigate the causal relationship and correlation between innovation and economic growth in selected MENA countries during 1995 to 2011, using a vector error correction model and panel data econometrics. The findings suggest that there is a one-way causal relationship from innovation to economic growth in both the short and long run; however, there is no correlation between innovation and high-tech exports with economic growth. Also, foreign direct investment, gross capital formation and GDP growth rate of the previous periods, unlike the government expenditure variable, have significant positive relationship with economic growth
پژوهشی
Mohammad Hossein Hossein Zade Bahreini; Saeed Malek Sadati
Abstract
The distinctive feature of Islamic banking compared to other banking systems is necessity of bank participation in the risk that credit recipient endure in his production. In the other word, it is expected that Islamic banks provide venture capital to manufacturing firms. However, it seems that in practice, ...
Read More
The distinctive feature of Islamic banking compared to other banking systems is necessity of bank participation in the risk that credit recipient endure in his production. In the other word, it is expected that Islamic banks provide venture capital to manufacturing firms. However, it seems that in practice, Bank's inability to perfectly monitor lending process and remove information asymmetry with respect to customers, have made the banking system to avoid risk trough lending based on fixed interest rate neglecting the fact that productive activities will endure the most effects.
This paper evaluates the performance of Iran's Islamic Banking in Providing Venture Capital. So it evaluates simultaneously the performance of banking system in practice and attitudes of related groups -about this performance. The results show that not only banking system has failed in providing venture capital, related groups such as employees of banking system, members of parliament, researchers in University and seminary, and bank's customers doesn't have positive attitude about performance of banking system in providing venture capital.
پژوهشی
fatemeh gerivani; Majid Ferakhshani; mostafa noori; Mohammadtaher Ahmadishadmehri
Abstract
One of the common goals of economic growth and development of communities of all time. Therefore it is very important factors contributing to the improvement of the target. Among the sectors that plays a significant role in the growth and economic development can be traced to the insurance industry. ...
Read More
One of the common goals of economic growth and development of communities of all time. Therefore it is very important factors contributing to the improvement of the target. Among the sectors that plays a significant role in the growth and economic development can be traced to the insurance industry. Among the ways that lead to the development of the insurance industry can be categorized as insurance companies The ranking results in transparency, increase efficiency and non-price competition in the market leads. By focusing on the goal of the present study to be rated insurance companies in North Khorasan province in the years 1391 and 1392 Based on indicators of premium, policy number, amount and method of compensation Topsis deals. Data is provided by insurance companies in the province. To determine the contribution of each of the indicators, the AHP method is used. The results show that the only public insurance company ranked first Among 13 insurance companies in both Two consecutive years has been in business.
پژوهشی
nahid rajabzadeh moghani; mohamadreza lotfalipour; Ahmad Seifi; mostafa razmkhah
Abstract
Credit risk is one of the important risks in banking industry. So, identification of effective factors has been of substantial interest to banks. The aim of this paper is to identify factors that impact on credit risk with approach to time to approach.
In this study, a random sample of 5316 customers ...
Read More
Credit risk is one of the important risks in banking industry. So, identification of effective factors has been of substantial interest to banks. The aim of this paper is to identify factors that impact on credit risk with approach to time to approach.
In this study, a random sample of 5316 customers that borrowed from Maskan Bank during 1388-1393, is used. This paper, using common Survival Analysis models including Kaplan-Meier non-parametric model and proportional hazard Cox semi-parametric model, aims to identify effective factors affecting the default risk of costumers.
The results of non-parametric models, after categorizing variables based on frequency and Stepanova and Thomas (2002) technique, indicate that variables such as loan amount, number of installments, number of children, education, age,job type and job title have effect on survival probability and hazard rate curves. Entering variables simultaneously in Cox regression suggests that loan amount, number of installments, marital status, education, age and job type have effect on default risk of costumers. Harel and Lee test indicates that proportional hazard assumption for all variables is satisfied; hence theInterpretation of results is reliable. In addition diagnostics methods such as Cox-Snell, Martingle and Schoenfeld residuals all confirmed that the model fits well. So banks should pay attention to these variables when they want to decide about granting loans to costumers.
پژوهشی
hajar parvan; Esmaeel Ramzanpoor; Mohammad hasan gholizadeh
Abstract
This study aims investigating Impact of corporate governance mechanisms on risk-taking behavior of Listed Companies in Tehran Stock Exchange. Researches show that costs of risk management failure is ignored in private and state enterprises, while risk taking is an essential motive in business and entrepreneurship. ...
Read More
This study aims investigating Impact of corporate governance mechanisms on risk-taking behavior of Listed Companies in Tehran Stock Exchange. Researches show that costs of risk management failure is ignored in private and state enterprises, while risk taking is an essential motive in business and entrepreneurship. Corporate governance must ensure that risks could be identified, managed and timely handled.
corporate governance mechanisms include ownership percentage of institutional shareholders, ownership concentration and duration of CEO’s tenure as well as risk dependent variables (financial risk (long-term leverage) and cash flow risk). Financial information of 86 Listed Companies in Tehran Stock Exchange in 1386-1393 has been used. To test hypotheses, multi-variable regression (EGLS) and mixed data method using Eviews 8 Software has been applied.
In summary, results showed a positive and significant influence between ownership concentration, duration of CEO’s tenure, and risk dependent variables (financial risk and cash flow risk). Also, they showed a negative and significant relationship between ownership percentage of institutional shareholders and risk dependent variables.
پژوهشی
arezoo hamidi; mohamad noferesti; vida varahrami
Abstract
Economic Growth Depends on Energy Consumption and Due to it any Increase of Economic Growth Led to an Energy Consumption Gain. On The Other Hand Economic Growth is Under The Influence Of Development Of Financial Markets. Therefore Any Development In Financial Markets Will Increase The energy consumption. ...
Read More
Economic Growth Depends on Energy Consumption and Due to it any Increase of Economic Growth Led to an Energy Consumption Gain. On The Other Hand Economic Growth is Under The Influence Of Development Of Financial Markets. Therefore Any Development In Financial Markets Will Increase The energy consumption. In This study we use a dynamic panel data and generalized method of moments (GMM) For Selected Oil Base Countries to Analyze a Relationship Between Financial Development and Energy Consumption. Results Indicates That Development of Financial Markets has a Positive Impact on Energy Consumption. Also Money Market has More Influence Than Capital Market On Energy Consumption.
پژوهشی
Seyed Reza Miraskari; Hamid Hosseini Nesaz
Abstract
This study aimed to identify the relationship between macroeconomic variables and credit risk of Iran's banks using multiple regression analysis was performed based on panel data. For this purpose, the seasonal data of thirteen banks which were listed in Tehran Stock Exchange market and OTC were examined ...
Read More
This study aimed to identify the relationship between macroeconomic variables and credit risk of Iran's banks using multiple regression analysis was performed based on panel data. For this purpose, the seasonal data of thirteen banks which were listed in Tehran Stock Exchange market and OTC were examined during 1388-1393.
The sensitivity analysis used to ensure the reliability of the variables. In this way, the economic variables that are expected to have similar effects, replaced with the original model's variables. It also uses a dummy variable for exchange rate jump effect in the model.
The results show that credit risk is significantly influenced by macroeconomic environment, as the increase in GDP and growth of the stock exchange, the bank's credit risk is reduced, but the unemployment rate and the exchange rate (US Dollar) and inflation has inverse relationship with the credit risk of banks.
پژوهشی
Mehdi Yazdani; Seyed Majid Momeni
Abstract
Inflation targeting is a monetary policy system that the central bank independence, the absence of fiscal dominance, the determinate and unique target and the efficient outline for prediction of inflationa are its requirements. However the target should be determine and checked by the monetary strategy. ...
Read More
Inflation targeting is a monetary policy system that the central bank independence, the absence of fiscal dominance, the determinate and unique target and the efficient outline for prediction of inflationa are its requirements. However the target should be determine and checked by the monetary strategy. Also in successful countries to reducing inflation, structural reforms in economy such as public and banking sectors, have had an important role.
Meanwhile the investigation of other countries experience in regards inflation targeting, the study tries to suggest a monetary policy rule that its coefficients are time-varying. Hence using state space model and Kalman filter, the study tries to investigate Taylor and McCallum rules for Iranian economy during 1378:01-1393:04 which their coefficients are time-varying.
The results show that the monetary policy according to Taylor's and McCallum’s time-varying rules has respond to inflation and exchange rate changes and the non-time-varying coefficients such as GDP gap, dummy variable and the lag of policy variable.
پژوهشی
amir jabbari; Tayyebeh rahnemoon Piruj; Majid Usefi Afrashteh; Narges Moradkhani
Abstract
One of the most important factor which affects the monetary policy is the knowledge of operation money demand function and its variables. In this way precautionary money demand is also very important. This research investigates the factors which affect precautionary money demand in the year 2015.According ...
Read More
One of the most important factor which affects the monetary policy is the knowledge of operation money demand function and its variables. In this way precautionary money demand is also very important. This research investigates the factors which affect precautionary money demand in the year 2015.According to the base model of Sciortino and colleagues, this paper applied questioner form with 276 students of Zanjan University and using stratified random sampling method to collect data. Inspect individually and altogether, the relationship between personal income, personal risk and personal wealth variables with precautionary money demand. This study however employs a sensation seeking scale, similar to developed by Zuckerman to empirically evaluate personal risk. For the analysis used Pierson correlation coefficient, factor analysis, Levin test and regression.The results show that, personal income and personal wealth have direct and significant relationship with precautionary money demand while personal risk has inverse and significant relevance. The results of Levin test presents there is no significant relationship between inflation and precautionary demand while there is significant one with interest rate.
پژوهشی
naser sayfolahi; hatef hazeri
Abstract
Labor productivity issue in economy has an increasing importance in effective stability that is affected by various financial and non-financial factors. In this study, after using the partial adjustment model to address the endogeneity of the labor productivity, the direct effect of financial development ...
Read More
Labor productivity issue in economy has an increasing importance in effective stability that is affected by various financial and non-financial factors. In this study, after using the partial adjustment model to address the endogeneity of the labor productivity, the direct effect of financial development on labor productivity has been analyzed by using Dynamic Panel Data (DPD) techniques based on Generalized Method of Moments (GMM) in the Middle East and North Africa (MENA) countries from 2000 to 2014. The empirical results of this study confirmed that, domestic credit to private sector as a share of GDP positively effects on labor productivity in the first place. Secondly, the higher levels of education and health have a higher level of labor productivity. In addition, increasing trade openness through knowledge and technology transfer enhances labor productivity. Finally, the additional worth findings confirmed the transmission of GDP per person employed performance to the next period and labor productivity dynamics.
