List of Articles Financial development

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  1 - Comparing and Analyzing the Impact of Financial Development Indicators on Carbon Dioxide Emission during the Iranian Recession and Boom
  sara marashi aliabadi fatemeh zandi khalil saeidi maryam lashkarizadeh bijan safavi
  10.30495/jest.2021.55091.5152
  Background and Objective: Protecting the environment and providing solutions to improve the quality of the environment has required countries to conduct studies to study the factors affecting the environment. One of these factors is the financial development of countrie More

  Background and Objective: Protecting the environment and providing solutions to improve the quality of the environment has required countries to conduct studies to study the factors affecting the environment. One of these factors is the financial development of countries, because economists have considered financial development as an important factor influencing environmental preferences, which varies according to business cycles.Method: The present study uses Markov-Switching method and time series data over the period 1394-1349 (1970- 2015) the effects of financial development using depth financial index, financial development efficiency index (privy) and fundamental financial development index (bank) has studied the environment in the economic periods of the Iranian economy.Findings: In this regard, the economic periods of the Iranian economy are extracted using the Markov-Swichig model and then in the framework of econometric models using ARDL, the effects of recession and boom in the economy. The relationship with financial development on environmental quality has been examined.Discussion and Conclusion: The results show that liquidity (financial depth index), in conditions of economic boom and recession, has led to reduction of environmental pollution in the country. Private-sector facilities (financial development efficiency index) have a positive and significant impact on the environment in terms of boom conditions, but under recessionary conditions, private-sector facilities do not have a significant impact on environmental pollution. Finally, the creditworthiness of banks (the underlying indicator of financial development) increases pollution in times of boom, but in a recession has reduced environmental pollution. Manuscript profile
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  2 - Investigating the Impact of Financial Development Indicators and Economic and International Trade Performance on the Stock and Financial Markets
  Sara Maleki Mehrzad  Minoie MirFeiz Falah Shams
  One of the goals of researchers and policymakers is to find measures to achieve economic growth. Financial development is one of the policies that many economists recommend in order to achieve economic growth and development. From this perspective, financial development More

  One of the goals of researchers and policymakers is to find measures to achieve economic growth. Financial development is one of the policies that many economists recommend in order to achieve economic growth and development. From this perspective, financial development is an engine for economic growth, and policymakers should focus on creating and expanding financial institutions and markets. The present study examines the impact of financial development and economic performance indicators including economic growth and international trade in developing and developed countries in the long run from 2001 to 2018. Data collection has been done by two methods, library, and field, to complete the literature and research background, refer to libraries and researches, and for financial and economic data, including financial development indicators in two sections: Bank- Index and Capital Markets Stock-Index, as well as figures for Gross Domestic Product (GDP) and international trade from the World Development Index (WDI) databases, are used. Developed countries, due to their technology and power in production, can carry out their industrial production and export to developing countries. However, developing countries do not see long-term equilibrium relationships for economic growth and international trade. Manuscript profile
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  3 - Role of Financial Development in Monetary Policy Effectiveness in determinate of Input and inflation
  Seyedeh Maryam Monfared Teymoor Mohammadi mohammad khezri Oranoos Parivar
  10.30495/eco.2022.1943459.2585
  The purpose of this study is to investigate the impact of financial development on efficiency of monetary policy in Iran during 1979-2020. The ratio of banks' domestic credit to GDP was considered as an indicator of financial development based on banking sector and rati More

  The purpose of this study is to investigate the impact of financial development on efficiency of monetary policy in Iran during 1979-2020. The ratio of banks' domestic credit to GDP was considered as an indicator of financial development based on banking sector and ratio of the value of stock market transactions to GDP was considered as an indicator of financial development based on the capital market. In this regard, 4 models were introduced to achieve research objectives and were estimated using the Kalman-Filter approach. The results of estimating the first two models of the research showed that with improvement of financial development indicators, the efficiency of monetary policy in influencing economic growth will decrease. The results of estimating the third and fourth models of the study also showed that effect of financial development indicators on efficiency of monetary policy in impact on inflation has been negative and statistically significant, meaning that with improvement of financial development indicators in country, monetary policies will lead to lower inflation. Manuscript profile
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  4 - The Effect of Financial Development on Energy Consumption by Using the Generalized Method of Moment
  مرتضی خورسندی تیمور محمدی محمد مهدی خزایی عارف بهروز
  Abstract In this study, the effect of financial development has examined on energy consumption by using the Generalized Method of Moment (GMM) in two groups of developing countries during 1993-2011 period. The first group includes 14 oil-producing developing countries More

  Abstract In this study, the effect of financial development has examined on energy consumption by using the Generalized Method of Moment (GMM) in two groups of developing countries during 1993-2011 period. The first group includes 14 oil-producing developing countries and the second group includes 19 non-oil-producing developing countries. For each group of countries, two separate models were estimated, the first model by using banking sector variable, and the second model estimated by using capital market variable. The results showed that, GDP per capita in the non-oil-producing countries compared with oil-producing countries has a greater positive effect on per capita consumption of energy. The oil-producing price variable compared with the Non-Oil-Producing developing countries has a greater negative effect on per capita consumption of energy. The ratio of domestic credit variable to private sector (% of GDP) in non-oil-producing developing countries 0.02% and in oil-producing developing countries is 0.009 percent .Comparison of the effects of domestic bank credit variable to the private sector ( as a percentage of GDP) on per capita consumption of energy in the two groups of countries reflects the higher efficiency of the banking sector in the non-oil-producing countries .On the other hand, variable rate of turnover of shares traded in the non-oil-producing developing countries is -0.003 percent and in oil-producing developing countries is -0.009 percent .Statistical analysis of the variable of capital market of shares traded in both developing oil-producing and non-oil-producing developing countries also shows that the effect of capital market development in energy consumption in oil-producing developing countries is more negative and smaller than the non-oil-producing developing countries Manuscript profile
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  5 - The Effect of Financial Development on Income Distribution in Developing Countries and Developed Countries: GMM Method
  علی اکبر احمدی محمد اسماعیل رستمی نیا علیرضا غیبی
  Considering that the main objective of this study was to investigate the effect of financial development on income distribution (Gini index) in  selected developing countries and  developed countries in the selected time period (2000-2010) is empirical modelin More

  Considering that the main objective of this study was to investigate the effect of financial development on income distribution (Gini index) in  selected developing countries and  developed countries in the selected time period (2000-2010) is empirical modeling study using dynamic panel generalized moments (GMM) and use the variables GDP per capita, trade openness indicator, the indicator of financial development, inflation, consumer price index and the Gini coefficient was estimated. The results of the estimation of the model in both developed and developing countries distinguishing short and long term effects is discussed. These results indicate that the coefficient of financial development in developing countries (0/02) have opposite signs developed countries (-0/04) is. As income inequality and financial development theories, different estimates of the relationship between these two variables stated, Financial development in developing countries, the increase in income inequality and the increase in average household income and access many brokers and financial services, reduces income inequality. While in developed countries a negative linear relationship between financial development and income inequality that Byangrkahsh income inequality is due to the development of markets and financial intermediaries. Coefficient of per capita income, inflation and the value of the Gini coefficient by delays in developing countries and developed signs consistent with the model assumptions. Manuscript profile
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  6 - An Evaluation between Financial Development and Economic Growth Based on Post-Keynesian Macro- Model
  فرهاد دژپسند ریحانه بخارایی
  Abstract One of the sections, which expand greatly, coincides with economic growth and development is financial sector of any economy. Although different opinions presented regarding the direction of causality between them, but the direction of causality and effect dep More

  Abstract One of the sections, which expand greatly, coincides with economic growth and development is financial sector of any economy. Although different opinions presented regarding the direction of causality between them, but the direction of causality and effect depends on the different stages of financial development and economic growth could be different. In this paper, the relationship between financial development and economic growth will be analyzed over the period of 1393-1353 by using post-Keynesian approach. In fact, the key question is whether financial development affects economic growth. With respect to the rate of more than 85 percent of money in financial market, in this paper indicator of financial depth has been used as an indicator of financial development. Using the simultaneous system of equations by generalized method of moments and structural Vector regression, the negative effect of financial development on economic growth has been shown. The results show that owing to the fact that Iran is a developing country and cannot allocate more resources to the development of the financial system, so financial markets do not have enough efficiency. Hence, the financial markets have failed to play an active role in real sector of economy and investment. As a conclusion, Post-Keynesian’s view of financial development and economic growth is rejected in Iran.   Manuscript profile
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  7 - The Influence of Financial Development on Income Distribution in Some Selected Countries
  منیره دیزجی محدثه آهنگری گرگری
    Abstract Since the development of institutions, agencies and financial markets of each country can have significant effects on income distribution of that country. The aim of this study is to examine the relation between the financial development and inequality More

    Abstract Since the development of institutions, agencies and financial markets of each country can have significant effects on income distribution of that country. The aim of this study is to examine the relation between the financial development and inequality in developed and developing countries  by using generalized least square method(GLS) and generalized method of moments(GMM) and related theories, studied by entering variables like unemployment rate, the average years of schooling indices of human development, government size and per capita during the period 2000 to 2013. Thus, according to the ranking report of the United Nations Human Development(UNDP) in 2014, 35 countries with very high human development index and 32 countries with high and medium human development index have been selected as developed and developing countries, respectively, which these regions have had full data. The estimation results have been obtained using Stata14 and Eviews9. Empirical results obtained for developed countries, showed that the square of financial development is part of the descending inverted U curve. For developing countries, the estimation result of GLS approved the inverted U curve for the variables financial development and per capita income, while the GMM results income with income inequality, respectively. Finally, according to the above discussion, it can be concluded that for the developed and developing countries, the increase of financial institutions will reduce the income inequality. Manuscript profile
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  8 - The Effect of Financial Development and Its Size on Economic Growth with a Nonlinear Approach in Iran
  Sedigeh Dodangeh Seyyed Shamsuddin Hosseini Farhad Ghaffari
  10.30495/fed.2023.702192
  AbstractWhile it is economically well established that the financial sector is interrelated, empirical estimates of the growth of these textual results are generally presented. On the other hand, it will be different for several time series assessments at different leve More

  AbstractWhile it is economically well established that the financial sector is interrelated, empirical estimates of the growth of these textual results are generally presented. On the other hand, it will be different for several time series assessments at different levels of economic growth and in terms of time requirements, so it seems that estimating linear models to examine macro-relationships is challenging. The aim of this study was to investigate the relationship between the development and size of the financial sector in the Iranian economy with economic growth in the years 1350-1399 using the non-linear regression method of Astana. The results show that there are three different regimes for the effect of changes in financial sector size and financial development on economic growth. In economic growth rates, only financial differences affect economic growth. This effect in the second regime, ie between the economic growth rates of 0 to 8.6%, is weak but positive and significant, and in the economic growth rate above 8%, both financial size and financial development have a positive and significant effect on economic growth. Manuscript profile