List of Articles مدل رویکرد آستانه‌ای پانل

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  1 - Explaining the non-linear relationship between the central bank intervention index and the profitability of commercial banks by considering the credit risk in the country's banking network
  azam sadat atyabi Alireza daghighiasli Marjan Damankeshideh منیژه هادی نژاد gholamreza geraeinejad
  10.30495/jfksa.2023.23083
  The purpose of this article is to investigate the non-linear effect of the central bank's intervention index, taking into account credit risk, on the profitability of commercial banks in the country's banking network. For this purpose, the panel model with a threshold a More

  The purpose of this article is to investigate the non-linear effect of the central bank's intervention index, taking into account credit risk, on the profitability of commercial banks in the country's banking network. For this purpose, the panel model with a threshold approach (PSTR) has been used based on the annual data of banks admitted to the Tehran Stock Exchange during the years 2010 to 2019. Based on the estimation results of the model in the linear part for banks admitted to the stock exchange in the first, second and third models; The growth of banking facilities, the size of the bank and the intervention of the central bank have a significant effect on profitability. Due to the confirmation of the nonlinearity of the model by the test (LM), the analysis of this part of the model has more validity. The estimation results of the non-linear part of the model (second regime) also show the existence of a significant effect of the variables; The growth of banking facilities, bank size, credit risk and central bank intervention in all three models have an effect on banks' profitability. So that for one percent increase in the growth of banking facilities, respectively; The rate of return on assets in the first model is -0.02, the rate of return on equity in the second model is -0.03, and the net interest income in the third model decreases and increases by 0.07. The increase in the intervention of the central bank has also led to a decrease in the profitability of commercial banks. Therefore, it is suggested that commercial banks act through measures such as reviewing and correcting the inhibiting factors and the speed of action in collecting existing receivables in order to reduce non-current receivables, merging the unprofitable bank with the profitable and successful bank, etc. Manuscript profile
• Open Access Article
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  2 - The Impact of Government Budget Allocation (Capital and Recurrent Expenditure) on Income Inequality across the Provinces (Case Study of Iran)
  mohammad amin nahal bijan baseri manijeh hadinejad
  10.30495/jma.2023.23162
  The Income inequality in Iran is mainly influenced by government policy, in particular through budget allocation. This study aims to investigate how the government budget (capital and recurrent expenditure) has impacted on income inequality across the provinces in Iran. More

  The Income inequality in Iran is mainly influenced by government policy, in particular through budget allocation. This study aims to investigate how the government budget (capital and recurrent expenditure) has impacted on income inequality across the provinces in Iran. Data used in this study pertain to period 1379- 1398, corresponding to Gregorian calendar (2000 - 2019), and the same has been utilized by employing the Panel Smooth Transition Regression Model (PSTR) to analyze the relationship between government budget allocation and income inequality. The results of the model estimation suggest that government budget allocation (capital and recurrent expenditure) has meaningfully reduced income inequality across the provinces in Iran. These findings align with previous research conducted by Milanovich, Khan and Bashir and Wood, D’Onofrioa et al(2019), which support Kuznets' hypothesis that government budget allocation initially exacerbates income inequality, but over time, with the implementation of supplementary policies, income distribution can improve.  In addition to government budget, factors such as level of education (literacy rate), labor participation rate, trade expansion (state trading) have a significant equalizing impact on income distribution. By pursuing a well-targeted foreign trade policy in which economic entrepreneurs and stakeholders benefit from trade expansion, government can pave the way for income inequality to mitigate across the provinces. Manuscript profile