The Role of Islamic Republic of Iran in Promoting Economic Justice in the last Three Decades: The TVP Approach

Subject Areas : Business Management

Mohammad Ali Motafaker Azad ¹ , Seyed Kamal Sadegi ² , Seyed Abbas Mousaviyan ³ , Ahmad Asadzadeh ⁴ , Habib Aghajani ⁵

1 - Professor, Department of Economics, Tabriz University, Tabriz, Iran
2 - Professor, Department of Economics, Tabriz University, Tabriz, Iran.
3 - Associate Professor, Department of Islamic Thought and Culture Research,
4 - Professor, Department of Economics, Tabriz University, Tabriz, Iran
5 - Assistant Professor, Department of Economics, Tabriz University, Tabriz, Iran

Received: 2017-05-22 Accepted : 2019-10-25 Published : 2019-05-22

Keywords: C22, State, H11, H53, Economy of Iran, Economic Justice, TVP Approach, Kalmen-Filter, JEL Classification: P41,

Abstract :

A major concern in any social system including the Islamic Economic System has always been explication of the role of the government in economy and achieving economic justice. The aim of the present study, thus, was to explore the role of the government in fulfilling the criteria for economic justice in Iran. To achieve the goal, we first estimated the descriptive statistics of various references to economic justice based on religious texts specifically the holy Koran, Sunna, and views of Islamic Experts. Further, the role of the government was investigated via the TVP approach and the Kalman Filter method in administration of justice over a 40-year period commencing from 1355. The findings revealed that the state development expenditure has constantly enhanced economic justice while current spending failed to promote economic justice criteria. Also, inflation has always been one of the impressive factors influencing and deteriorating economic justice parameters. In addition, economic growth has failed to promote economic justice criteria.

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