List of Articles Economic Freedom

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  1 - Relationship between economic security and tax revenues (Evidence from MENA countries)
  کریم رسولی اسداله فرزین‌وش
  Income redistribution and establishing social justice and maintaining it are the major economic objectives that most governments are looking for them. Taxation is a tool that can redistribute wealth in society and can reduce class differences. Meanwhile, an efficient ta More

  Income redistribution and establishing social justice and maintaining it are the major economic objectives that most governments are looking for them. Taxation is a tool that can redistribute wealth in society and can reduce class differences. Meanwhile, an efficient tax system could prevent the occurrence of economic corruption. Furthermore, economic security in a society with minimal risk and economic corruption can promote economic activities and lead to increase in tax revenues that help state to improve its services Economic security is a kind of public good or service that cannot be produced in the private sector in the market. This market failure leads to government intervention in providing economic security. Economic security and related issues can influence business atmosphere and national income and so can affect government tax revenues.  In this paper the empirical relationship between economic security and tax revenues in the selected countries of Middle East and North Africa (MENA) which have similar relative structures, have been investigated. For this purpose, the panel data models have been used to estimate mentioned relationship. According to the results, free trade as the first indicator of economic stability and security has significant and positive effect on tax revenues in MENA countries. Trade freedom, as a second variable has a significant and positive effect on tax revenues too. Financial Freedom as third indicator of economic stability and security as former variables has significant and positive effect on tax revenues. An important to be mentioned is that the property rights and tax revenues have negative relationship in the selected countries. Also, in selected countries economic growth doesn’t have a positive effect on tax revenues. Inflation rate does have positive and meaningful effects on tax revenues in MENA: Variables as exports and imports as control variables as a percentage of GDP have negative and inverse effect on tax revenues a percentages of GDP and capital formation as the third control variable has a positive and meaningful effect on tax revenues in MENA. Manuscript profile
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  2 - The Role of Securitization in Countries’ Economic Growth and Development (Focus on Need to Deployment of Securitization Market in IRAN)
  Vahid Zandie Saeed Zandie
  In every economic, Securitisation is equally necessary of structured finance markets. The upshot of desired structured Securitisation is to invent marketable securities with better liquidity for financial claims. Securitisation process enables investors to improve their More

  In every economic, Securitisation is equally necessary of structured finance markets. The upshot of desired structured Securitisation is to invent marketable securities with better liquidity for financial claims. Securitisation process enables investors to improve their risk management, to earn better modified returns and to access more liquidity. Debt conversion to a marketable asset, creates the great financial Communications between individual borrowers and vast capital markets. The participants in financial markets include the investors who have different needs to meet their investment goals, continue to comply with their risk and return requirements. Therefore, trenching various risks to credit risk and interest rate risk, prioritizing the investors who enter to securities market with structuring the market, has economic concept. Previous studies have demonstrated the correlation between economic growth and progress of economic freedom indices. In this research, we found that the relationship between development in securitization market and financial freedom is statistically significant in some developed countries. Also, it’s proved that there is positive linear correlation between Islamic Financial Instruments (SUKUK) issuances as structured financing as well as Securitisation and overall economic freedom and/or investment freedom and/or financial freedom in Islamic developing countries. Studying current situation of Securitisation in Iran demonstrated there is relative gap in comparative of objective countries in group of Islamic countries for use of SUKUK, and in the other word, Securitisation, in Islamic financing markets. However, effective proceedings accomplished for deploying Islamic Financial Instruments (SUKUK) markets in Iran, but to achieve economic development, expedition in this deployment is unavoidable necessity. Manuscript profile
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  3 - Does Economic Freedom Affect Stock Returns? (Case study: Selected Countries of the Organization of the Islamic Conference)
  Aram Sepehrivand Abolghasem Hashemipour Isa Taheri
  10.22034/amfa.2022.1938038.1654
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  4 - Recognizing the Impact of Fluctuations in Foreign Exchange Rates and Interest Rates on the Index of Economic Freedom in Iran
  marjan meymandi somayeh shokravi Akbar Bagheri
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  5 - the Influence of the Effective Shocks on Economic Growth in Iran with the Emphasis on Institutional Variables
  Samin Sobhi Morteza Sameti Sara Ghobadi Majid Sameti
  10.30495/eco.2021.1908749.2415
  Early economists have cited economic freedom as the basis for economic growth, and later economists have emphasized the role of inclusive political and economic institutions in creating and sustaining economic growth. The relationship between these two perspectives goes More

  Early economists have cited economic freedom as the basis for economic growth, and later economists have emphasized the role of inclusive political and economic institutions in creating and sustaining economic growth. The relationship between these two perspectives goes to the concept that the economic freedom shapes by economic institutions. Proper institutional of countries not only contributes to the growth and prosperity of their economies, but can also increase the power of countries in the face of economic shocks. Identifying the institutions’ situation of countries can help to adopt appropriate policies by governments and the private sector. In this study, by generalizing a structural model of Iran's economy as it includes the endogenous institutional function, attempt to measure the effects of effective shocks on the macroeconomic structure of the country with emphasis on institutional variables. The results show that the increase in oil shock has had a positive effect on the country's economic growth and institutions. This study had done for the period 1349-1399 by using GMM and Svar methods. The result of estimating the structural model shows that improvement of the institutional environment has affected most of the important variables of the Iran's economy, so improving the quality of institutions leads to increase in national product and reduces liquidity. Also, damaging institutional factors is related with increase in government size and inflation. Most of the impulses considered in the study had a significant effect on economic growth and institutional status of the country. Manuscript profile
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  6 - Impact of Economic Freedom on the Development of Banking Sector in Iran
  A. Shahabadi R. Davari Kish
  Abstract The most important aspect of financial development is the banking sector that has significant impact on the process of equipping the savings, identifying investment opportunities and diversifying the risk. Economic freedom is a determinant factor in developing More

  Abstract The most important aspect of financial development is the banking sector that has significant impact on the process of equipping the savings, identifying investment opportunities and diversifying the risk. Economic freedom is a determinant factor in developing the banking sector. The increase of economic freedom provides the setting of financial resources equipment, strengthens the sense of bank deposit in general population to guide them for limited capital in productive activities. Hence, in this study, the impact of economic freedom index on the development of the banking sector in Iran during 1980-2011 will be discussed. The results represent that economic freedom and its components have a significant and positive relationship to the development of banking sector. Also, based on the results, the estimation of the impact of central bank foreign assets on monetary base and Real interest rate on the development of banking sector is positive and significant. Also, the effect of public sector debt to central bank on monetary base is negative but significant. Manuscript profile
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  7 - Clustering Social Progress and its Impact on Economic Growth
  hoda Rezaei Roshan ali rahmani Amir Mansour Tehranchian Reza Ali Mohseni
  The present paper intends to test the impact of these two variables of social progress and economic freedom on economic growth. Statistics related to the social progress, economic freedom and per capita gross domestic product in 128 countries are based on the Social Dev More

  The present paper intends to test the impact of these two variables of social progress and economic freedom on economic growth. Statistics related to the social progress, economic freedom and per capita gross domestic product in 128 countries are based on the Social Development Index, the Heritage Foundation and the World Bank in 2017, and are used the methods of decision tree and multiple regression. The results of the decision tree method show that there are significant differences in the rate of social progress and economic freedom between countries with different revenues. Also, the results of multiple regression estimations in the study year show that the variables of social progress and economic freedom in these countries have been effective and have a positive and significant effect on GDP per capita. Thus, with the effectiveness of these indicators, society will come toward development and economic and social well-being, and this society will be an ideal society. Manuscript profile
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  8 - Investigating the Factors Affecting Foreign Direct Investment Involvement with Emphasis on Institutional and Structural Variables in OPEC Selected Countries
  Azin Sadat Ostadramezan Maryam Bazraei Mojtaba Karimi
  In the new literature, the role of institution quality in economic development has been considered. The distribution of foreign direct investment, as well as how it is absorbed and its impact on the economies of the countries is strongly influenced by the quality of ins More

  In the new literature, the role of institution quality in economic development has been considered. The distribution of foreign direct investment, as well as how it is absorbed and its impact on the economies of the countries is strongly influenced by the quality of institutions and the economic, political and host country's position. In the present article, the impact of institutional and structural variables on attracting foreign direct investment in the selected OPEC member countries is conducted using the Generalized Torque (GMM) dynamic panel method from 1998 to 2012. The results indicate a positive and significant effect of good governance and natural resources on attracting foreign direct investment. Also, the results of the model's estimation show that natural resources have a dominant influence on the relationship between direct governance and foreign direct investment; in other words, due to the impact of natural resources, good governance in selected OPEC countries does not facilitate the flow of direct foreign investment, but rather Reducing the attraction of foreign direct investment also Manuscript profile
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  9 - تأثیر عوامل مؤثر بر جذب سرمایه‌گذاری مستقیم خارجی با تأکید بر متغیرهای نهادی و ساختاری
  غلامرضا گرایی نژاد علیرضا دقیقی اصلی آذین سادات استاد رمضان
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  10 - Investigating the relationship between economic freedom and social welfare in Iran, based on Amartya Sen of social welfare
  محمد جواد مهدی زاده راینی حمید محمدی ماشالله سالارپور سامان ضیایی
  10.30495/fed.2022.691511
  Abstract One of the macroeconomic goals of countries is to create the necessary conditions to promote social welfare. One of the factors affecting the welfare of economic freedom. In this way, the freedom of the economy through the use of a set of solutions seeks to ac More

  Abstract One of the macroeconomic goals of countries is to create the necessary conditions to promote social welfare. One of the factors affecting the welfare of economic freedom. In this way, the freedom of the economy through the use of a set of solutions seeks to achieve some goals that increase the level of welfare through these goals. The aim of this study was to investigate the relationship between economic freedom and social welfare in Iran using the ARDL model. This study was based on seasonal data during 2002-2019. The results showed that by increasing economic freedom by one percent, the social welfare index increased by 0.105 percent. and increasing per capita income increases the social welfare index by 0.142 percent. The effect of an increase in the unemployment rate by one percent reduces the social welfare index by -0.122 percent. The effect of a 1% increase in college education was followed by an increase in the social welfare index of 0.283. Also, as the population over 65 years of age, the social welfare index declines by -0.673 percent. The effect of increasing government size also reduces the social welfare index by -0.427 percent. Finally, the effect of increasing tax revenues by one percent, social welfare index by 0.361 percent. According to the results, it can be said that economic freedom can increase social welfare and equity by removing the constraints and limitations of economic pursuits. Manuscript profile