The Impact of Financial Development on the Poverty of Fishermen in the Northern Provinces in Iran (Gilan, Mazandaran and Gulistan) With A Threshold Vector Auto Regression (TVAR)
Subject Areas : Financial EconomicsSayed amin Mansouri 1 , Seyed Morteza Afghah 2 , Seyed Afshin Nateghi Shahrokni 3 , Mahshid Hassanpor 4
1 -
2 -
3 -
4 -
Keywords: Poverty , Financial Development , Economic Growth , Threshold Regression,
Abstract :
|
Financial development has been the main factor for economic development in different countries, and the causal relationship between financial development and economic development is part of the macroeconomic relations that have been examined many times. Yet studies on fishermen's poverty have rarely been done. Many residents of coastal villages are engaged in fishing activities. Small-scale fishing on various coasts in the north of Iran is an important source of employment, income and nutrition for coastal villages. This characteristics and effects have not been well examined. This study has investigated the poverty of Iranian fishermen in Gilan, Mazandaran and Golestan provinces due to changes in financial development.. The study was based on the Threshold Vector Auto Regression (TVAR), between 2000 to 2020. The research results confirm the existence of a nonlinear relationship between financial development and poverty. A significant relationship between financial development and income distribution was also confirmed on the poverty of northern Iranian fishermen. |
[1] Townsend, The meaning of poverty, The British Journal of Sociology, 1962;13(3): 210-227.
[2] Adelman, I., Economic growth and social equity in developing countries, 1973; Stanford University Press.
[3] Azarbayjani, K., Najafi, Z., Jamali, S., On the effects of financial development on poverty: Empirical evidence from the member countries of the Islamic conference, The Journal of Economic Policy, 2019; 11(21): 171-194. Doi: 10.22034/epj.2019.1546 (in persian).
[4] Azarikeyan, H., Dizaji, M., The Effect of Financial Development on Poverty in Selected Developing Countries, Iranian Journal of Applied Economics, 2016; 6: 55-66 (in persian).
[5] Banerjee, A.V., Newman, A.F., Poverty, incentives, and development, The American Economic Review, 1994. 84(2): 211-215.
[6] Mansouri, S.A., Afghah, M., The Dynamic Estimating Poverty line of Urban Income groups by Using Extended Linear Expenditure System (ELES) (Panel data Approach), Quarterly Journal of Quantitative Economics (JQE), 2018;15(1): 63-85. Doi: 10.22055/jqe.2017.20460.1540 (in Persian)
[7] Afghah, M., Mansouri, A., Estimate of poverty line and analyze of poverty indices in Iran (1982-2007). Asian Economic and Financial Review, 2014; 4(11): 1502.
[8] King, R.G., Levine, R., Finance, entrepreneurship and growth, Journal of Monetary economics, 1993; 32(3): 513-542.
[9] Beck, T., Demirgüç-Kunt, A., Levine, R., Finance, inequality and the poor, Journal of economic growth, 2007; 12: 27-49.
[10] Kuznets, S., Economic growth and income inequality, in The gap between rich and poor, 2019; Routledge: 25-37.
[11] Galor, O., Zeira, J., Income distribution and macroeconomics, The review of economic studies, 1993; 60(1): 35-52.
[12] De Haan, J., Sturm, J. E., Finance and income inequality: A review and new evidence, European Journal of Political Economy, 2017; 50: 171-195.
[13] Hansen, B.E., Sample splitting and threshold estimation, Econometrica, 2000; 68(3): 575-603.
[14] Liang, Z., Financial development, growth and regional disparity in post-reform China, 2006; WIDER Research Paper.
[15] Geda, A., Shimeles, A., Zerfu, D., Finance and poverty in Ethiopia: a household-level analysis, in Financial development, institutions, growth and poverty reduction, 2008; Springer: 61-86.
[16] Canavire-Bacarreza, G., Rioja, F., Financial development and the distribution of income in Latin America and the Caribbean, 2008; IZA Discussion Papers.
[17] Kappel, V., The effects of financial development on income inequality and poverty, CER-ETH-Center of Economic Research at ETH Zurich, Working Paper, 2010; 10:127.
[18] Ang, J.B., Financial development, liberalization and technological deepening, European Economic Review, 2011; 55(5): 688-701.
[19] Guillaumont-Jeanneney, S., Tapsoba, S., Pro cyclicité de la politique budgétaire et surveillance multilatérale dans l’Union Economique et Monétaire Ouest Africaine, African Development Review, 2011; 23(2): 172-189.
[20] Imran, K., Khalil, S., Contribution of financial development in poverty reduction through industrial growth. International Journal of Asian Social Science, 2012; 2(5): 567-576.
[21] Habibollahi, M., R. Maaboudi, M. Khorsand, Investigating the Effect of Developing Financial Institutions on Economic Growth with Panel Vector Autoregressive Approach and Markov Switching Approach in MENA Member Countries, Advances in Mathematical Finance and Applications, 2023; 8(4): 1155-1176. Doi: 10.22034/amfa.2022.1962118.1770 (in Persian).
[22] Nazarpour, A.A., Moghadam, A.K., Rekabdar, G., Partial Least Squares Analysis to Measure the Impact of Pygmalion Financial Components, Advances in Mathematical Finance and Applications, 2023; 8(2): 605-624. Doi: 10.22034/amfa.2022.1952498.1697
[23] Sarhangi, K., Mohaghegh Niya, M.J., Amiri, M., The effect of effective governance and quality of regulations on financial development in the current economic conditions of Iran. Advances in Mathematical Finance and Applications, 2021;6(4): 831-850.
[24] Mansouri, S.A., Afghah, S.M., Bavi, M., Investigating the Impact of Financial Development Dimensions on Income Distribution with Emphasis on Tehran Stock Exchange Data. Journal of Applied Economics Studies in Iran, 2023;12(45): 223-258. Doi: 10.22084/aes.2022.25664.3394 (in Persian)
[25] Mansouri, S.A., et al., The Role of the Government and Large Local Companies in Income Distribution: A Case Study of Urban Areas of Khuzestan Province, Iranian Journal of Economic Research, 2024;29(98): 198-233. Doi: 10.22054/ijer.2024.76813.1236 (in Persian)
[26] Pretes, M., Petersen, E., Rethinking fisheries policy in the Pacific, Marine Policy, 2004; 28(4): 297-309.
[27] Rangeley, R.W., Davies, R.W., Raising the “Sunken Billions”: Financing the transition to sustainable fisheries, Marine Policy, 2012,36(5): 1044-1046.
[28] Zheng, H., et al., The affecting channels and performances of financial development and poverty reduction: New evidence from China’s fishery industry, Marine Policy, 2021; 123: 104324.
[29] Greenwood, J., Jovanovic, B., Financial development, growth, and the distribution of income, Journal of political Economy, 1990; 98(5, Part 1): 1076-1107.
[30] Pata, U.K., et al., Evaluating the influence of democracy, financial development, and fishery product consumption on fishing grounds: A case study for Malaysia, Marine Policy, 2024; 168: 106301.
[31] Saboori, M., Seydai, S.E., Analyzing the Role of small-scale Fishing Activities in the economic and social development of coastal villages in Makraan coastal villages (case study: Jaask county), Spatial Planning, 2019; 9(2): 81-102. Doi: 10.22108/sppl.2019.112626.1281 (in Persian)
[32] Mohamadi,M., Zanjirdar,M., On The Relationship Between Different Types Of Institutional Owners And Accounting Conservatism With Cost Stickiness, Journal of Management Accounting and Auditing Knowledge, 2018;7(28): 201-214
