• List of Articles Data Panel

      • Open Access Article

        1 - Investigating the Impact of Financial Development Management Policies on the Composition of Government Expenditures: A Case Study of Developing Countries
        mina mostafavii
        including countries; Argentina, Azerbaijan, Bahrain, Bangladesh, Belarus, Brazil, Chile, China, Colombia, India, Indonesia, Iran, Kazakhstan, Mexico, Morocco, Pakistan, Russia, Romania, Thailand, Tunisia, Turkey, Uruguay. The panel model framework was used to analyze th More
        including countries; Argentina, Azerbaijan, Bahrain, Bangladesh, Belarus, Brazil, Chile, China, Colombia, India, Indonesia, Iran, Kazakhstan, Mexico, Morocco, Pakistan, Russia, Romania, Thailand, Tunisia, Turkey, Uruguay. The panel model framework was used to analyze the data, which showed the results of the first model estimates; The logarithm of the broad definition of money has a negative and significant effect, the logarithm of the ratio of stock value to GDP has a negative and significant effect and per capita production also has a positive and significant effect on health costs. Also, the results of the second model estimates showed that the logarithm of the broad definition of money has a negative and significant effect, the logarithm of the ratio of stock value to GDP has a negative and significant effect and per capita production has a positive and significant effect on educational costs. Finally, the results of the third model estimates showed that the logarithm of the broad definition of money has a negative and significant impact, the logarithm of the ratio of stock value to GDP has a negative and significant impact and per capita production also has a negative and significant impact on military and defense spending. have. Manuscript profile
      • Open Access Article

        2 - Impact of macroeconomic variables on unobserved systematic risk using Kalman filter
        Majid Hatef Vahid Abbas Saleh Ardestani
        The main purpose of this study was to investigate the effect of macroeconomic variables on unobserved systematic risk using the Kalman filter. Systematic risk indicates the degree of dependence between changes in share prices and changes in the market index. However, th More
        The main purpose of this study was to investigate the effect of macroeconomic variables on unobserved systematic risk using the Kalman filter. Systematic risk indicates the degree of dependence between changes in share prices and changes in the market index. However, the amount of systematic risk can be very different from the expected amount, due to the confusion in stock price changes, resulting from emotional transactions, overreactions and price manipulation. Therefore, it is necessary to control the effects of these disturbances in measuring systematic risk. The method of the present study is descriptive-correlational which was performed using statistical methods to examine the relationships between variables based on Ives software. To analyze the data in this study, it is suggested to use Kalman filter. Also, filtered and turbulent values have been used under the heading of unobserved systematic risk. According to the obtained result, it can be said that all variables have a significant relationship with the systematic risk not observed in the model. Then, using data analysis, the hypotheses were examined. The results obtained in relation to statistics and a significant level show the confirmation of all hypotheses in terms of the impact of economic variables on the components of inflation, economic growth, exchange rate, stock market index and volume. Money showed unprecedented systematic risk. Also, the effect of different variables and finally the estimation of coefficients showed that the highest coefficient among the variables is related to inflation index and stock market. Manuscript profile
      • Open Access Article

        3 - Examining the relationship between development of Islamic Financial Systems and Foreign Direct Investment
        Gholamreza Amini Khiabani Karim Hamdi
        International business and corporations’ development are influenced by economic variables, so we are going to investigate the relationship between Islamic Financial System Development (IFSD) and Foreign Direct Investment (FDI) based on the methods named data panel More
        International business and corporations’ development are influenced by economic variables, so we are going to investigate the relationship between Islamic Financial System Development (IFSD) and Foreign Direct Investment (FDI) based on the methods named data panel techniques including Panel Unit Roots, Panel Co-integration Test, Panel Multivariate Error Correction Model, and Panel Granger Causality. In this research, foreign direct investment related data are gathered from an informational package containing global development factors published by World Bank and UNCTAD informational database in 2015. Meanwhile, four indexes including balance, integration, acceptance, and continuity are available to analyze Islamic Financial System Development based on Islamic development bank latest reports. Result showed an analytical positive and meaningful correlation between foreign direct investment and Islamic Financial System Development during long term and short term periods. Moreover, other evidence explains Granger Strong Causality relationship between the two stated variables. Finally, in order to take more benefit, it is suggested that the exact rule and policy should be run and the fixed exchange rate should be stablished during a financial period.     Manuscript profile
      • Open Access Article

        4 - Examining the Impact of Health Indicators on Economic Development Indicators in the Provinces of Iran
        mahboobeh farzad Mohsen Zayandehroodi Seyed Abdolmajid Jalaei Esfand Abadi
        Health indicators, as a significant factor, can play a crucial role in enhancing the levels of developmental indicators in countries. The present study aims to examine the impact of health indicators on economic indicators during the period 1395-1399 for 31 provinces of More
        Health indicators, as a significant factor, can play a crucial role in enhancing the levels of developmental indicators in countries. The present study aims to examine the impact of health indicators on economic indicators during the period 1395-1399 for 31 provinces of the country. This research is of an applied and analytical nature. Data analysis is conducted using Stata 17 software, and model estimation is based on the Panel Data pattern. To test the hypotheses, Xtpcse test has been utilized to achieve the results.The results obtained from estimating the model indicate a positive and significant impact of health indicators on economic indicators such as the participation rate of the population aged 10 and older, the unemployment rate of the population aged 10 and older, the Gini coefficient of urban and rural areas, per capita gross domestic product, gross domestic product, health and treatment costs, and education. Therefore, health indicators can have a significant impact on economic development. Thus, by addressing barriers to improving health, efforts can be made towards enhancing the sustainable development of provinces in economic and other educational, human, and various other domains. Manuscript profile
      • Open Access Article

        5 - The financial development, financial constraint and firms investment
        somayeh peyghambari fatemeh samadi Ahmad Yaghbnezhad
        The ratio of investment can have a significant impact on various criteria such as the ratio of cash flows and dividends. The long-term policies of managers are such that the ratio of cash flows of companies increases, and in the same way dividend profits will increase, More
        The ratio of investment can have a significant impact on various criteria such as the ratio of cash flows and dividends. The long-term policies of managers are such that the ratio of cash flows of companies increases, and in the same way dividend profits will increase, and with increasing dividends, the amount of investment in research and development spending will also increase. The purpose of this study is to investigate the relationship between financial development, financial constraints and investment. This research is library and analytical-Ali research and is based on the analysis of panel data (data panel). In this research financial information of 104 companies accepted in Tehran Stock Exchange during the period 2012 to 2017 (624 companies - year) was investigated. The results of the research show that according to the analyzes carried out in relation to the confirmation of the first hypothesis of the research, it can be concluded that financial development has a significant and direct effect on the investment rate of firms, and finally, according to the analysis of the relationship By confirming the second hypothesis of the research, we conclude that financial constraints have a significant and inverse effect on the investment rate of firms.. Manuscript profile