• List of Articles C23

      • Open Access Article

        1 - بررسی عوامل موثر بر اشتغال زنان با تاکید بر استفاده از ICT
        منیره دیزجی آرش کتابفروش بدری
      • Open Access Article

        2 - The Effect of Economic and Social Factors on Life Insurance Demand in Iran and Commonwealth of Independent States (CIS)
        Hedayat Hosseinzadeh
          Nowadays life Insurance is one of the most important economic tools and it has several applications the most important role of it is securing the future of the family. Also life insurance is known as one of the major sources of funds and its saving role is more More
          Nowadays life Insurance is one of the most important economic tools and it has several applications the most important role of it is securing the future of the family. Also life insurance is known as one of the major sources of funds and its saving role is more prominent. The aim of this study was to investigate the effect of social and economic factors (per capita income, inflation, interest rates, financial development, dependency ratio, education and life expectancy) on life insurance demand in Iran and CIS countries over the period 2001-2009 using the Panel data.  Research findings show that per capita income levels, interest rates, the level of financial development, education and life expectancy are the most important factors affecting the demand for life insurance. In this regard, the young dependency ratio has an inverse relationship with the demand for life insurance. Manuscript profile
      • Open Access Article

        3 - The Effects of Human Development on Labor Productivity in Selected OECD Countries
        Monere Dezaji Arash Ketabforosh Badri
        One of the basic issues in the field of development is rational utilization of the abilities and talents of the manpower in the community. Increasing productivity is the only way that will promote the economic development and welfare of a nation. The miraculous changes More
        One of the basic issues in the field of development is rational utilization of the abilities and talents of the manpower in the community. Increasing productivity is the only way that will promote the economic development and welfare of a nation. The miraculous changes in short-term economic growth and development in many countries are the result of increased productivity and the optimum, efficient and effective use of human and physical resources they have. In this regard, this study tries to investigate the effects of the Human Development Index on labor productivity in 32 selected OECD countries by using panel data model in the period 2002-2009. The results show that Human Development Index had a significant and positive effect on labor productivity in the countries studied. Also, openness, value added production, health expenditures and physical capital have positive and significant effects on labor productivity.   Manuscript profile
      • Open Access Article

        4 - Analysis the Effect of Inefficiency in Labor Investment on Tax Avoidance in a Selection of Export Companies in Tehran Stock Exchange
        shahryar zaroki Mohamad Abdi Seyyedkolaee sudabe Bararjani
        Tax avoidance reduces the outflow of cash from the company to the government, which from the past to the present is considered a value for shareholders. Therefore, considering such a necessity, the present study, in order to help tax administrators, examines the effects More
        Tax avoidance reduces the outflow of cash from the company to the government, which from the past to the present is considered a value for shareholders. Therefore, considering such a necessity, the present study, in order to help tax administrators, examines the effects of investment inefficiency in the labor force on corporate tax avoidance activities for a sample of 64 export companies in Iran during the period of 2009 to 2019. For this purpose, in two stages, Dynamic Panel Data method and Generalized Method of Moment (GMM) estimator were used; in this way, first, the inefficiency of investment in labor was estimated and then its effect on corporate tax avoidance was estimated. The results of estimating the research model indicate the direct effect of investment inefficiency in the workforce on corporate tax avoidance. In addition, the results showed that the market value and size of the company are associated with a direct and inverse effect on tax avoidance, respectively. Thus, increasing ambiguity, a weaker control environment, and a reduction in expected cash flows due to inefficient investment in the workforce provide opportunities for the company's manager to increase tax avoidance, and tax policymakers need to pay special attention to this issue. Manuscript profile
      • Open Access Article

        5 - The Effect of Political Variable on the Relationship between Seignorage and Income Inequality: the Case Study of Selected OECD and D8 Countries
        Vahid Taghinezhadomran Zahra Mila Elmi Mobin Ramezanpour
        The most important instrument of the government to finance public expenditures and to improve the distribution of tax revenues is tax. High reliance of government on seignorage can reduce the role of taxes in correcting the inequalities. Improving the political variable More
        The most important instrument of the government to finance public expenditures and to improve the distribution of tax revenues is tax. High reliance of government on seignorage can reduce the role of taxes in correcting the inequalities. Improving the political variable of the voice and accountability by less reliance on seignorage and more reliance on taxes can improve income distribution.The main purpose of this study is to investigate and test this hypothesis with the help of data from selected OECD and D8countriesperiod 2018-2008 using the fully modified least squares method (FMOLS). The results of model estimation showed that the political variables of accountability can improve the distribution of income in the studied countries by reducing the government's reliance on seignorage. Manuscript profile
      • Open Access Article

        6 - The Effect of Habit Formation on Consumers Behavior in Iran
        Mir Hosein Mousavi Elnaz khojasteh Farid Dehghani
        In this paper, the effect of formed habits on consumer behavior was investigated by separating the three effects of generation, age and time (year) by generating a quasi-hybrid data set using the Dayton method. For this purpose, in the field of generations, 14 generatio More
        In this paper, the effect of formed habits on consumer behavior was investigated by separating the three effects of generation, age and time (year) by generating a quasi-hybrid data set using the Dayton method. For this purpose, in the field of generations, 14 generations were studied from 1305 to 1995. Concerning time (year), this research investigates over 30 years from 1986 to 2020. The age of the subjects in this study ranged from 16 to 72 years. The results of the analysis of generation effects show that consumption expenditures are increasing with younger generations. The results of the study of the effect of time show the increase of households' consumption expenditure during the years 1986 to 2020 and the somewhat constant trend of the years 1995 to 2015. Results of the effects of age on consumption expenditure pattern confirmed the life cycle pattern. Manuscript profile
      • Open Access Article

        7 - ‏ The Financial Inclusion and Unemployment in Urban and Rural Areas of Iran
        Reza Maaboudi
        The paper aims to investigate the financial inclusion effect on the unemployment rate in urban and rural areas of Iran. Panel generalized method of moments and provincial data from 2015 to 2020 used to analyze the relationships between variables. Findings show that fina More
        The paper aims to investigate the financial inclusion effect on the unemployment rate in urban and rural areas of Iran. Panel generalized method of moments and provincial data from 2015 to 2020 used to analyze the relationships between variables. Findings show that financial inclusion leaves a negative and significant effect on the unemployment rate in urban and rural areas of Iran. On the one hand, financial inclusion increases entrepreneurs’ and economic firms’ access to financial credits by reducing transaction costs and by increasing information transparency, which in turn leads to an increase in production capacity and a decrease in the unemployment rate; On the other hand, increasing the access of low-income people to borrowing leads to an increase in investment in human capital and, as a result, a decrease in the unemployment rate. Also, economic growth and human capital have a negative significant effect, and the real wage has a significant positive effect on the unemployment rate in urban and rural areas of Iran. According to the research results, in order to use the benefits of financial inclusion to reduce unemployment in the country, it is necessary to adopt effective policies in the field of training and increasing the financial literacy of individuals in deprived areas to participate in the financial sector, increasing investment to promote innovative financial technologies, expanding banking hardware and improving the infrastructure of the payment system. Manuscript profile
      • Open Access Article

        8 - Empirical Analysis of the Relationship between Air Pollution and Public Health Expenditures - A Dynamic Panel Data Approach
        maryam fattahi Abbas Esari hosein sadeghi hosein asgharpour
        Abstract This study intends to investigate the effect of air pollution on public health expenditures and to identify the most important factors affecting the relationship between air pollution and public health expenditures. The scope of the study is the developing cou More
        Abstract This study intends to investigate the effect of air pollution on public health expenditures and to identify the most important factors affecting the relationship between air pollution and public health expenditures. The scope of the study is the developing countries during 1995-2011. For this purpose, a dynamic panel and Generalized Method of Moments are used. The empirical results indicate that there is a robust and significant relationship between air pollution, per capita income, urbanization, government size, aging dependency and public health expenditure and unemployment have a negative but significant effect on public health expenditures. Also, per capita income, urbanization and education have significant effect on the relationship between air pollution and public health expenditures. That is, the effects of air pollution on health expenditures in the countries with higher per capita income, higher urbanization rates and lower education levels are significantly higher than other countries.  Manuscript profile
      • Open Access Article

        9 - Multi-Dimensional Approach to Subjective Well-Being: A Case Study: Ilam University Staff
        bagher darvishi mehdi omidi fereshteh esmat
        The purpose of the paper is surveying multi-dimensional approach to subjective well-bein.by using Van Praag, et al (2003) model. Therefore, satisfaction from life has been modeled as a function of satisfactions in finance, job, health, habitation, leisure, and living en More
        The purpose of the paper is surveying multi-dimensional approach to subjective well-bein.by using Van Praag, et al (2003) model. Therefore, satisfaction from life has been modeled as a function of satisfactions in finance, job, health, habitation, leisure, and living environment and by COLS method, on the base of data from the questionnaire for a sample including 180 individuals of Ilam university’s faculty members and staff was estimated. The results show that satisfaction with life as a whole for the staff is also a function of finance, health and living environment satisfaction, while it is only a function of financial satisfaction for the faculty members. The results, also, suggest that in various life aspects, lack of satisfaction with life cannot be explained solely by income components. So, it is suggests to protective institutes that prohibit to solely welfare plans and instead of them, provide more comprehensive protective packages.     Manuscript profile
      • Open Access Article

        10 - Determinants of Fuel Subsidies in Selected Oil Exporting Countries: (The Case Study of Gasoline Subsidy)
        Hossein Tavakolian Ali Faridzad Jalal Dehnavi Neda Mohamadi
        Abstract The purpose of this paper is to examine the factors affecting the payment of fossil fuel subsidies in oil exporting countries. To this end, the determinants of fossil fuel subsidies in selected exporting countries are divided into three sections: economic, poli More
        Abstract The purpose of this paper is to examine the factors affecting the payment of fossil fuel subsidies in oil exporting countries. To this end, the determinants of fossil fuel subsidies in selected exporting countries are divided into three sections: economic, political and institutional factors, and analyzed by the method of generalized moment data of dynamic panel data in the period 2003-2015. The results showed that variables such as carbon emissions and health costs are effective in paying gasoline subsidies. International Indicators of Risk also show the impact of institutional and political factors on subsidies. Based on the results, international organizations or management organizations should have targeted and accurate investment in improving the organizational and institutional capacity of the countries. Manuscript profile
      • Open Access Article

        11 - Comprehensive Biophysical-Economic Modeling of Climate and Agriculture (Case Study: Roodshour Watershed)
        Abouzar Parhizkari gholamreza yavari abolfazl mahmoodi gholamreza bakhshi khaniki
        In this study using panel dataset (combining the time series data related to the climatic variables of rainfall during 1986-2016 and the cross sectional data related to the base year 2015-2016) the comprehensive biophysical-economic modeling of climate and agriculture i More
        In this study using panel dataset (combining the time series data related to the climatic variables of rainfall during 1986-2016 and the cross sectional data related to the base year 2015-2016) the comprehensive biophysical-economic modeling of climate and agriculture in Roodshour watershed basin was studied. In order to achieve the applied results, modeling is done by combining two parts of the biophysical (the products yield estimation model) and the economic (positive mathematical programming model) under mild, moderate and severe testing scenarios and with advanced programming in the GAMS 24.7 software environment. The results show that after year 2001, behavioral pattern of rainfall climate variable was accompanied with a decreasing trend in the Roodeshoor basin. With occurrence of the climate change resulting from rainfall reduction under mild, medium and intense scenarios, the available water resources decreased 5/75 to 13/8 percent, agricultural products decreased 3/60 to 8/54 percent and farmers' gross profit decreased 2/71 to 8/04 percent. But the economic value of irrigation water increases 5/13 to 12/7 percent ratio to base year. Finally, in order to protection of the water resources in the Roodeshoor basin and coping with the effects of climate change, Redetermination of the rate of water charge to farmers on the basis of equality consideration, fallow-lands and equipping farms to modern irrigation systems were proposed. Manuscript profile
      • Open Access Article

        12 - Analyzing the Effects of Fiscal Decentralization and its Environmental Consequences in Iran Provinces
        Azad Khanzadi maryam heidarian Sara Moradi
        Abstract This study analyzes fiscal decentralization policies and its environmental consequences, during the period 2005-2015. The results of GMM estimation show that revenue decentralization has negative and significant relationship with pollution. Also other variables More
        Abstract This study analyzes fiscal decentralization policies and its environmental consequences, during the period 2005-2015. The results of GMM estimation show that revenue decentralization has negative and significant relationship with pollution. Also other variables results indicate positive relationship between industrialization and energy productivity with pollution. By increasing the relative density of population, pollution is reduced. The results of Environmental Kuznets Curve hypothesis also indicate rejection of this hypothesis. In addition, presence of multiplication of the neighboring matrix in dependent variable causes an increase in pollution in the provincial level and this indicates the spatial environmental effects in the country's provinces. It is suggested that local governments determine their own financial resources, in this case it can be targeted and based on new revenue resources such as green economy, it can define businesses that which they reduce pollution.   Manuscript profile
      • Open Access Article

        13 - ارزیابی تأثیر قدرت رقابتی و سیاست پولی بر بازده دارایی‌ در بانک‌های ایران (رهیافت الگوهای ساختاری)
        حسین شریفی نیا هوشنگ مؤمنی وصالیان علیرضا دقیقی اصلی مرجان دامن کشیده مجید افشاری راد
      • Open Access Article

        14 - Relationship between air pollution and economic growth of the province's environmental Kuznets curve application
        رضا Moghadasi رضا Rahimi
         Nowadays air pollution as an important issue affects human health and economics phenomenon. In this study the relationship between economic growth and air pollution in ed provinces, has studied by use of Pollutant Standard Index. Results indicated that there is po More
         Nowadays air pollution as an important issue affects human health and economics phenomenon. In this study the relationship between economic growth and air pollution in ed provinces, has studied by use of Pollutant Standard Index. Results indicated that there is positive and significant relation between air pollution and economic growth in ed provinces. But Tehran and Khozestan and Khorasan Razavi provinces negatively affected. Results show that during the considered period, PSI as an indicator of environmental problem keeps on growing in time as long as the products in ed provinces keeps on growing. In other words, economic growth can't solve environmental problem during a time. Manuscript profile
      • Open Access Article

        15 - The Effects of the Number of Branches and its Geographical Distribution on Bank Profitability
        اصغر ابوالحسنی رویا آل عمران فرزاد رحیم زاده سیامک شکوهی فرد
        In this research, the effect of the number of branches and the geographical distribution of bank branches on the profitability of Bank Sepah in Ardebil province has been studied. In this study, data and information related to Sepah Bank in Ardabil province in the period More
        In this research, the effect of the number of branches and the geographical distribution of bank branches on the profitability of Bank Sepah in Ardebil province has been studied. In this study, data and information related to Sepah Bank in Ardabil province in the period 1371 to 1399 are collected and in the form of time series data and cross-sectional data are estimated in two separate models. The results of the model estimation showed that the geographical distribution of the bank branches affects their profitability and this effect is statistically significant at a significant level of 5%. In other words, the branch operating in high-income areas of the city has a higher profitability compared to the middle and low income regions. The number of Bank Sepah Branches also has a positive effect on bank profitability and this effect is statistically significant at a significant level of 5%. Also the loan to the asset ratio, the size of the bank and the market share of the bank has a positive and significant effect on its profitability. Also, at a significant level of 5%, the number of years of activity of the bank branch has a positive and significant effect on its profitability. Manuscript profile
      • Open Access Article

        16 - برآورد تابع تقاضای بنزین در ایران طی دوره زمانی 1381 تا 1386 با استفاده از تکنیک پنل دیتا*
        علی امامی میبدی غلامرضا گرایی نژاد نگین دارابی
      • Open Access Article

        17 - The Corruption Effect on Foreign Direct Investment in Developing Countries
        عبدالرحیم کردی مهدی خدا پرست مشهدی
        A country's investment environment is affected by Political, Institutional, and Economic Factors. These factors are determinants of quality of institutional environment across countries. Corruption often viewed as consequence of inappropriate institutions. Results of Mo More
        A country's investment environment is affected by Political, Institutional, and Economic Factors. These factors are determinants of quality of institutional environment across countries. Corruption often viewed as consequence of inappropriate institutions. Results of Most studies show that high cost and uncertainty created due to corruption affect attractiveness of host country to investors and destroys incentives for foreign investment. Yet, some studies could not find significant relationship between the corruption and foreign direct investment flows. Regard the lack of experimental study, the present research highlight the relationship between subcomponents of corruption and the flows of foreign direct investment in developing countries. The result of regression using panel data of 50 countries for time period 1996 – 2012, show that different forms of corruption have separately effects on the flows of foreign direct investment. So, corruption in the field of import/export permits has a positive and significant impact on FDI inflows, whereas corruption in the fields of annual tax payments, access to public utilities and judicial decisions have negative impact on FDI.   Manuscript profile
      • Open Access Article

        18 - تحلیل تأثیر بازار بورس بین المللی بر بازار بورس ایران : استفاده از رهیافت سیستم دینامیکی و GARCH
        نعمت فلیحی تیمور محمدی معصومه شاه کرم اوغلی
      • Open Access Article

        19 - The effect of foreign aid on per capita income growth in some selected Developing countries from Asia and Africa
        کریم امامی نجمه آزاد وار
        Abstract Capital formation is one of the important factors in economic development. Developing countries are usually known with poor economies or ventures descend. In these countries not only current reserves of capital is low but also the concentration of capital. Due More
        Abstract Capital formation is one of the important factors in economic development. Developing countries are usually known with poor economies or ventures descend. In these countries not only current reserves of capital is low but also the concentration of capital. Due to the lack of internal funds for financing in developing countries, is one of proposed solutions on an international scale is import of capital such as loans, credits and grants from developed countries. Therefore, the effect of foreign aid as a foreign financial flow to developing countries to promote economic development is essential and knowledge of these effects will lead to the right decisions for the optimal use of these contributions. This study investigates the impact of foreign aid on growth in per capita income. We employ panel data over the years 1987 to 2010 in selected developing countries from Asia and Africa deals. The result show the effectiveness of foreign aid on per capita income growth is negative but small.   Manuscript profile
      • Open Access Article

        20 - ارزیابی چگونگی عوامل تاثیرگذار بانکی بر مطالبات غیرجاری بانک-های ایران )رویکرد مدل پانل پویا GMM)
        نادر حکیمی پور
      • Open Access Article

        21 - Investigating the Eeffects of Factors on Capital Adequacy Ratio in the Islamic Banking System of Iran and Malaysia
        پریما بهرامی زنوز آزاده محرابیان رویا سیفی پور نارسیس امین رشتی
        Capital adequacy ratio is one of the most important indicators in analyzing the situation of banks in order to manage banks against risks such as bankruptcy and their inability to meet obligations. This controls the risk management of banks. Therefore, the present study More
        Capital adequacy ratio is one of the most important indicators in analyzing the situation of banks in order to manage banks against risks such as bankruptcy and their inability to meet obligations. This controls the risk management of banks. Therefore, the present study, investigates the effect of banking variables on the capital adequacy ratio in private banks in Iran during the period 1397-1390 and in Malaysia during the period 2012-2019 by the generalized moment method (GMM). The results show that in the Iranian banking system, credit risk and return on assets have a direct effect on bank size, financial leverage and liquidity have a negative effect on the capital adequacy ratio. In the Malaysian banking system, financial leverage, liquidity ratio and credit risk have a positive effect and the share of deposits and return on assets has a negative effect on the health index. The difference in the effectiveness of variables is due to different methods of financing the banking system and maintaining the vision of investment projects. Manuscript profile
      • Open Access Article

        22 - تاثیر منابع تامین مالی بر رشد شرکت‌های کوچک و متوسط پذیرفته شده در بورس اوراق بهادار تهران
        مریم گلقندشتی محمد ابراهیم آقا بابایی
      • Open Access Article

        23 - The Impact of Health Costs on Income Inequality in Selected Members Countries of Islamic Cooperation Organization
        Mohammad Ameli Abolfazl Ghiasvand Manijeh Hadinejad
        Abstract Today, one of the challenges facing health systems is the ever-increasing increase in its costs. This study investigates the relationship between health costs and income inequality. Income inequality has been investigated using four Gini coefficients and, in a More
        Abstract Today, one of the challenges facing health systems is the ever-increasing increase in its costs. This study investigates the relationship between health costs and income inequality. Income inequality has been investigated using four Gini coefficients and, in a quantile, approach using annual panel data from 2000 to 2022 in selected middle-income member countries of the Organization of Islamic Cooperation, the empirical results show that the effect of health costs on inequality The income in the countries that are part of the top 10 percent of the income level in this group is much higher than the countries that are in the lowest income level. The effect of life expectancy, death rate and population on income inequality is also opposite; That is, the countries that are in the highest category in terms of income level, the effect of these variables on income inequality is much greater than the countries that are in the lower income categories. Also, due to the effect of population structure on income inequality, it is necessary to seriously consider it in the design and formulation of policies in the field of health, hygiene and population structure. Health, treatment and quality of life improvement policies to increase life expectancy and decrease mortality rate, policies to increase investment (reduction of consumption, promotion of security, economic development of exports, etc.) should be pursued to reduce income inequality. Manuscript profile
      • Open Access Article

        24 - Studying the Impact of Small and Medium-Sized Manufacturing Industries on the Growth of Industrial Value Added in Iran’s Economy
        Hediha setayesh Abbas Memaranjad Kambyz Hejbarkiani Taghi Torabi
        AbstractThis paper attempts to explain the importance of small and medium-sized enterprises in the economy and to highlight their main facing challenges, in particular the “financial challenge". The present paper seeks to analyze the impact of small and medium-siz More
        AbstractThis paper attempts to explain the importance of small and medium-sized enterprises in the economy and to highlight their main facing challenges, in particular the “financial challenge". The present paper seeks to analyze the impact of small and medium-sized industries on the growth of industrial value added in Iran’s economy for 22 ISIC codes during the period of 2005-2014.The main findings of this study indicate that the growth of value added of small and medium-sized industries has a significant positive effect on the growth of value added of industries with ten employees and more; the growth of innovation level in small and medium-sized industries may have a significant positive effect on the growth of value added of this group of industries, and the growth of openness of Iranian economy can affect the growth of value added of industries with ten employees and more, positively; but it has a negative effect on the growth of value added of small and medium-sized industries. Furthermore, it is suggested that in order to boost and facilitate the economic activities of small and medium sized enterprises, several issues should be considered including“promoting the non-bank financing methods”, “providing effective support for innovative projects”, “implementing industrial export development programs”, and “providing industrial advisory services, in particular financial advisory services”.   Manuscript profile
      • Open Access Article

        25 - The Effects of Too-Big-to-Fail Periods Banks on Deposits in Government and Private Banks in Iran (Dynamic Panel Data Approach)
        Hossein Mirzaei mehrdad rezaei Javad Salahi Majid Afshari Rad
        AbstractIn the wake of recent financial crisis, large banks have been considered as important factors in financial markets in the world, since these banks' failure could affect the whole economy by extending systemic risk. With regard to this issue, when large banks fac More
        AbstractIn the wake of recent financial crisis, large banks have been considered as important factors in financial markets in the world, since these banks' failure could affect the whole economy by extending systemic risk. With regard to this issue, when large banks face insolvency or bankruptcy, larger part of economy would be affected, and with the interconnectedness between banks and financial institutions, the effects of large banks' bankruptcy will have greater impact on the real economy. After financial crisis, many studies have concentrated on the failure of TBTF banks, and the role of these banks in the incident of financial crisis. Number of specialists emphasize on bank size and Basel Committee on Banking Supervision regulated by the classification of banks and their systemically important banks. The study of risk among systemically important banks is important to Basel Committee on Banking Supervision. Many studies confirm that larger banks tend to have less capital, less stability and sustainability of resources, and higher risk-taking activities, therefore, larger banks have become fragile in financial markets. Moreover, the other explanatory variables such as inflation and GDP growth have negative and positive effects on deposits volume in Iran respectively.  Manuscript profile
      • Open Access Article

        26 - The Impact of Macroeconomic, Financial, Economic and Economic Crisis Indicators on Trade Cycles of Iran and Selected Islamic and Developed Developing Countries
        Seyedeh Fatemeh Bagheri Rafik Nazarian Manijeh Manijeh Hadinejad Marjan Damankeshideh
        AbstractThe present study uses the Generalized System Torque Model (SGMM) and dynamic panel data (PANEL VAR) to investigate the impact of macroeconomic, financial, economic and economic crises on business cycles of selected developing and developed countries over time. More
        AbstractThe present study uses the Generalized System Torque Model (SGMM) and dynamic panel data (PANEL VAR) to investigate the impact of macroeconomic, financial, economic and economic crises on business cycles of selected developing and developed countries over time. 2013-2019, 1392-1398. In this paper, the effect of independent variables (liquidity risk, return on assets, capital adequacy ratio, etc.) on business cycles in selected countries through the output gap variable using the Hadrick Prescott filter is used to evaluate the results of the model. Liquidity risk, lending facility growth rates and financial crises have a negative impact on the output gap, while return on assets, capital adequacy ratio, crude oil prices, exchange rates and the development of financial markets have a negative impact on periods. Have left the trade of selected countries.The results of the study of the reactions of instantaneous reaction (IRF) and analysis of variance for developed countries show that a standard deviation in terms of oil price index and exchange rate on the output gap, these variables show a decrease of up to two periods. Increased development of financial markets and banking health has continued, after 2 periods of shock effect of oil prices and exchange rates over time on the output gap of developed countries will be minimized.Also for developing countries; a standard deviation from The area of ​​oil price index and exchange rate on the output gap, these variables have increased up to two periods and after 4 periods, has decreased, in other words, the effect of oil prices on the production of developing countries shows that in periods Rising oil prices, investment and production have increased, and conversely, when oil revenues fall, we see a decline in production, in other words, rising oil revenues are largely unmanaged, in other words, long-term investments are spent on short-term expenditures. It has resulted in nothing but inflation and increased liquidity for these countries. Manuscript profile
      • Open Access Article

        27 - Effects of Macroeconomic Variables and market power on Banking Sector's Deposits (Bayesian Model Averaging Approach in Panel Data)
        mahboubeh shakiba alireza Daghighiasli marjan damankeshideh majid fashari Ali Esmaeelzadeh Maghari
        Market power specifies how firms in a market influence prices, and reveals the level of competition in the market. This paper investigated the impact of market power and macroeconomic variables effect on banking deposits in Iranian deposit money market using dynamic Bre More
        Market power specifies how firms in a market influence prices, and reveals the level of competition in the market. This paper investigated the impact of market power and macroeconomic variables effect on banking deposits in Iranian deposit money market using dynamic Bresnahan-Lau’s and Bayesian model averaging approach for the 18 bank in the Iran industrial banking sector. Annual data for the period of 2006- 2016 has been collected from annual financial statements of Iranian banks, Statistical Centre of Iran, Monetary and Banking Research Institute of Iran and central bank of Iran. By applying BMA approach the main macroeconomic variables have been determined from 8 variables. The results of model estimation indicated that market power for its 18 Iranian banks were 0.58 and the macroeconomic variables of liquidity money has negative and other explanatory variables such as fixed assets, growth of GDP, first order lag of deposits, deposits rate and cross effect of GGDP with deposits rate have positive posterior average on banking sector's deposits during the period of study. Manuscript profile