Deputy of Economic Affairs Minstry of Economic Affairs and finance,tehran,iran
Quarterly Journal of Fiscal and Economic Policies
2345-3435
2345-3435
2
8
2015
1
1
Test of the Balance of Payments Constrained Growth Constrained Growth Model in Iran’s Agriculture Sector
5
20
FA
vahid
Azizi
vahidazizi8@gmail.com
Y
nader
mehregan
Bu Ali Sina University, Hamedan
mehregannader@yahoo.com
N
Gholamreza
Yavari
Payame Noor University, Karaj Branch
gh_yavari@albpnu.ac.ir
N
This study reviews the empirical evidence of the Thirlwall’s Law, i.e. the balance-of-payments-constrained-growth model of the agricultural sector in Iran during the (1989-2012). Thirlwall shows that the growth rate is limited by the balance of payments, as the economy cannot grow faster than a rate that is compatible with a balance of payments or a minimum stable deficit. Thus Thirlwall’s Law states that the production growth rate consistent with the balance of payments is equal to the ratio of the growth rate of exports over imports income elasticity. In this study, we first estimate the agricultural crops import demand function using an ARDL model. Then by dividing the growth rate of agricultural exports on income elasticity of import demand Thirlwall equilibrium growth rate for the 17 series of overlapping periods of seven years is calculated. Results show that the Thirlwall growth rate in the beginning of periods is significantly different from actual growth rate of agriculture sector, but then this difference declines over time, and actual growth rate and the Thirlwall equilibrium growth rate get closer. Therefore, the results from this study confirm the validity of Thirlwall Law in the 2000s.
Agricultural Growth, The Balance of Payments Constraint, Elasticity of Import Demand, Thirlwall’s Law, Iran.
http://qjfep.ir/article-1-174-en.html
http://qjfep.ir/article-1-174-en.pdf
Deputy of Economic Affairs Minstry of Economic Affairs and finance,tehran,iran
Quarterly Journal of Fiscal and Economic Policies
2345-3435
2345-3435
2
8
2015
1
1
Credit Provided To The Private Sector And Exports: Evidence From 45 Developing countries
21
40
FA
Kazem
Biabany Khameneh
Shahid Beheshti university
biabany@outlook.com
Y
Hossein
Sadeghi
Tarbiat Modares university
sadeghih@modares.ac.ir
N
The purpose of this study was to investigate the role of credit provided to the private sector in the share of exports in production of an economy and its impact on the export performance and dynamics of firms in foreign markets. According to recent literature of international trade we expected with resolves credit constraints and ease of firms in financing, their performance in export markets Increased. Therefore, with using statistical data on 45 countries under the panel cointegration approach and Granger causality examined this relationship in macro-level, then with using the generalized method of moments investigating credits impact on firms' export behavior and performance. The results indicate that increasing in credits increase the share of exports in production. It is also confirmed a positive impact on the number of exporters, number of destinations and firm entry rate into export markets. As a result, access to credits can be seen as a comparative advantage in international trade.
Credit Provided To The Private Sector, Financial Development, Exports, Comparative advantage
http://qjfep.ir/article-1-166-en.html
http://qjfep.ir/article-1-166-en.pdf
Deputy of Economic Affairs Minstry of Economic Affairs and finance,tehran,iran
Quarterly Journal of Fiscal and Economic Policies
2345-3435
2345-3435
2
8
2015
1
1
Asymmetric Non Linear Response of Trade Balance to Real Exchange Rate Changes: A Case Study of Iran
41
62
FA
N
Saeed
Rasekhi
University of Mazandaran
srasekhi@umz.ac.ir
Y
Mojtaba
Montazeri
University of Mazandaran
montazerimojtaba@gmail.com
N
Pegah
Pasha
University of Allameh Tabatabaee
University of Allameh Tabatabaee
N
The traditional theories of international economics emphasize on national currency devaluation as an efficient policy to enhance export, reduce import and consequently reduce current account deficit. The latest literature considers asymmetric response of trade variables to exchange rate changes and pays attention to ambiguous effect of reducing exchange rate on trade balance. This is an important finding since the success of trade policy depends on the understanding of the nature of trade balance behavior. The present paper examines Iran’s trade balance behavior in relation to exchange rate using logistic smooth transition regression (LSTR) during 1973-2009. The results of this research show that real exchange rate effects on Iran’s trade balance are asymmetrical and nonlinear. Furthermore, overvaluation of domestic currency effects negatively on the trade balance.
Trade Balance, Real Exchange Model, Smooth Transition Regression, Threshold, Iran.
http://qjfep.ir/article-1-135-en.html
http://qjfep.ir/article-1-135-en.pdf
Deputy of Economic Affairs Minstry of Economic Affairs and finance,tehran,iran
Quarterly Journal of Fiscal and Economic Policies
2345-3435
2345-3435
2
8
2015
1
1
Possibility of Using Waqf in Commercialization of Knowledge and Technology and A Proposal Model
63
82
FA
zahra sadat
Mirhashemi
Azahra University
z.mirhashemi@yahoo.com
Y
mohammad
Sarhangian
moh.sarhangian@yahoo.com
N
Waqf is one of the charritable acts in Islamic law. According to Islamic jurisprudence rules, it is possible to land owner that endow his prpperty with intention and purpose of commercialization from knowledge and technology as in the past people used waqf for advancing and progressing knowledge with different ways and forms of waqf. Using waqf in commercialization of knowledge and technology has very affirmative and positive effects in economy and advancement of knowledge in society. Social cooperation and social justice are it’s results. We must try to culturalize this kind of waqf by informing the public and encouraging well-whishers.
Knowledge, Technology, Trade, Islamic Jurisprudence
http://qjfep.ir/article-1-176-en.html
http://qjfep.ir/article-1-176-en.pdf
Deputy of Economic Affairs Minstry of Economic Affairs and finance,tehran,iran
Quarterly Journal of Fiscal and Economic Policies
2345-3435
2345-3435
2
8
2015
1
1
Examine the Role of Geographic Diversification in a Portfolio of Real Estate in Iran
83
102
FA
vahid
mahmudi
vmahmodi@ut.ac.ir
N
Mostafa
emamdoost
emamdoost@ut.ac.ir
Y
mohamad reza
mayeli
reza.mayeli@gmail.com
N
Investment in real estate such an attractive investment opportunities in Iran, which is always a major part of the assets of individuals and institutions is poured into it. This study also compares the performance of real estate investments in various geographic areas of the country, the impact of the geographical diversification of real estate portfolios in the period from 1370 to 1392 in 15 of the cases examined. The results show that, compared to other areas, the central region of the country with a small distance has the highest risk and yield. The examination of the Examine the relationship between the expected return on geographic areas of the country releave that there is a positive correlation between the returns of different areas. The findings regarding the effects of geographic diversification in a portfolio of geographically diversified portfolio of real estate that includes real estate, improved the condition of optimal portfolios and efficient frontier upward move will be.
Real Estate, Investment Performance, Portfolio Investors
http://qjfep.ir/article-1-195-en.html
http://qjfep.ir/article-1-195-en.pdf
Deputy of Economic Affairs Minstry of Economic Affairs and finance,tehran,iran
Quarterly Journal of Fiscal and Economic Policies
2345-3435
2345-3435
2
8
2015
1
1
Investigating the Effect and Ranking of the Effective Index on Barriers to Entry of Firms in Iran’s Industry Sector (Using AHP Fuzzy Approach)
124
103
FA
abdolreza
korani
university of sisitan & baluchestan
abdolreza_korani@yahoo.com
Y
vahid
jalalvand
university of sisitan & baluchestan
vahid.jalalvandd@gmail.com
N
mohammad nabi
shahikitash
university of sisitan & baluchestan
h@yahoo.com
N
Barriers to entry, as the one of structural variables of market, has an important role in forming the market organization. Barriers to entry are important that is why it can drive market structure to the monopoly. Noting that, identifying the barriers to entry of industry and developing environment of the competitive businesses in order to more growth are necessary, so there is a major need of empirical studies. Hence, in this study after investigating the resources and doing special interviews, using AHP Fuzzy approach and industrial economy theory, the measures have been defined and effective index of barriers to entry of firms to industry have been identified, and it have been tried to identifying and ranking the effective factors of firm’s entry to industry using Analytically Hierarchy Process. Data have been collected using questionnaire, and sample of the study have been selected among the economic managers and activists of industries and scientific members of related majors with country’s industries. The results of the study show that the most important effective index in creation of barrier to entry in industry sector is concentration index by weight of .0528. And between the major measures, the number of firms has the most effect in creation of barrier to entry in industry sector. Hence, based on these results, it is recommended to make a context in order to reduction of concentration in market and increasing the number of firms and provide uniform distribution of market between firms and also the expansion of markets and outgrow their size to be on the agenda of competitive policy by providing a context for the presence of newcomer firms through the financial facilities of licenses and also limited and scheduled support of firms that are entering the market.
Barriers to Entry, Competition, Concentration Index, Analytically Hierarchy Process (AHP-Fuzzy).
http://qjfep.ir/article-1-151-en.html
http://qjfep.ir/article-1-151-en.pdf
Deputy of Economic Affairs Minstry of Economic Affairs and finance,tehran,iran
Quarterly Journal of Fiscal and Economic Policies
2345-3435
2345-3435
2
8
2015
1
1
An Evaluation of Global Entrepreneurship Monitor Indicators in Iran (2008-2012)
125
146
FA
zohreh
modaresi
z.modaresi@yahoo.com
Y
azadeh
davodi
az.davodi@gmail.com
N
One of the most important factors related to the Doing Business in any economic is considering on Entrepreneurship. Global Entrepreneurship Monitor Consortium, as the original source of entrepreneurial activity since 1999, analyzes the framework of the Annual Report each year for different countries. In this article, by using of GEM report's finding, we introduce the Global Entrepreneurship indicators and review the situation of Iran in five years (2008-2012) as well as to indicate Iran's position in the development process and to compare with other countries. The findings demonstrate that Iran often uses unskilled labor and natural resources and faces with problems such as lack of stability and support in the fields of cultural, social, media, International entrepreneurship index and the complexity of the administrative procedures of export and import. Also, often Iranian productions are not innovative, technological and product-oriented, but also more traditional, so that is unable to create added value for the economic. Also, the Results from the survey of experts about the challenges of entrepreneurship reveal that among all indicators except access to the physical infrastructure and services, Iran is lower than the world average. Moreover the efficiency indices of intellectual property rights support for high-growth businesses, government programs, social networks, cooperation between enterprises and the entrepreneurs are the worst compared to the global. The implications of this study are discussed along with some recommendations.
Doing Business, Entrepreneurship, Global Entrepreneurship Monitor.
http://qjfep.ir/article-1-128-en.html
http://qjfep.ir/article-1-128-en.pdf