List of Articles Economic Institutions

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  1 - An introduction on the configuration of inequality by Emphasizing economic and political institutions in the context of development: Provide a conceptual model
  fatemeh ghabel rahmat soroush fathi Majid Tavasoli Roknabadi ali morshedizad
  To understand inequality, it is necessary to evaluate the theoretical foundation of school in which, inequality is defined before evaluating by various indicators. Market-oriented and societal approaches each one somehow, explain the inequality and its causes. First gro More

  To understand inequality, it is necessary to evaluate the theoretical foundation of school in which, inequality is defined before evaluating by various indicators. Market-oriented and societal approaches each one somehow, explain the inequality and its causes. First group considers it inevitable and is considered as a component of economic growth, and second group considers it as the result of policy-making by state. This paper tries to provide a model for analyzing the configuration of inequality in countries with a "limited access order" economic system, using the concepts extracted from the theoretical foundations in the of the new institutional economy as an interdisciplinary approach. This model demonstrates that unofficial economic institutions, along with legal economic institutions that seek to redistribute resources, illegally accumulate wealth in Political and economic elite and are used as a tool by informal political institutions to distribute loyalty rents to the masses. The total of these factors leads to a configuration of inequality in which, inequality itself too, affects the formation and durability of Unevenness institutions and this cycle is constantly repeated. The methodology of research is qualitative and the extraction of concepts is from the theories that have the same ontological, epistemological, anthropological, and methodological foundations. Manuscript profile
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  2 - The Role of Institutions in Domestic Production and Economic Growth from the Jurisprudential Perspective
  Mahdi Rajabi Mustafa Rajaepour Mohammad Reza Kazemi Golvardi Reza Fahimidoab
  The purpose of the present study is to survey the role of institutions in domestic production and economic growth from the jurisprudential outlook. The method of research is descriptive analysis and it aims to answer whether economic jurisprudence is considered as an in More

  The purpose of the present study is to survey the role of institutions in domestic production and economic growth from the jurisprudential outlook. The method of research is descriptive analysis and it aims to answer whether economic jurisprudence is considered as an institutional economy in its way of development. To this aim, the research relies on the hypothesis that Islam as a fundamental institution consists of a combination of interrelated legal, social, and ethical institutions working together based on a common system and following a fixed set of principles. Delving deep into these systems and understanding their roles in the economy is of special significance. By a systematic look at Islamic jurisprudence, some of the most important institutions for production are recognized to be economic security, responsibility of utilizing resources and wealth, protection of welfare in society, cooperation and public collaboration, normative ethics, and economic stability. The fulfilment of the objectives in each of the above institutions is followed through jurisprudential methods and rules. Manuscript profile
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  3 - 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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  4 - The Analysis of Political Institutions’ Effect on the Economic Institutions in Resource-rich Countries
  Reza Bakhshiani Masud Nili S. Mahdi Barakchian
  10.30495/eco.2020.688167
  The weak economic performance of resource-rich countries results in the economic studies’ great concentration on the role of institutions in resource curse literature and employment of theoretical or empirical approaches to determine the cause of this phenomenon. More

  The weak economic performance of resource-rich countries results in the economic studies’ great concentration on the role of institutions in resource curse literature and employment of theoretical or empirical approaches to determine the cause of this phenomenon. In this paper, we argue that the two independent variables of political institutions and natural resources influence the economic institutions which are endogenous variables; by applying a descriptive-analytical approach and making distinction between function of “economic institutions” and “political institutions”. Political institutions form the political power structure to specify the elites’ scope of power in the establishment of favorable economic institutions, which aim at distributing the resources among the affiliated groups. We also use the empirical approach to show that natural resources do not have any significant effect on the quality of economic institutions by controlling the effect of political institutions. In contrast, the better quality of political institutions results in the better quality of economic institutions. Manuscript profile
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  5 - The non-linear effect of liquidity and debt repayment on banks profitability in Iraq
  Kiumars Shahbazi Mohammad Ali Mahdi Abed
  10.30495/eco.2024.1997671.2793
  This paper seeks to explore the nonlinear association between liquidity indicators and debt repayment capacity in relation to asset returns. For this purpose, the Panel Smooth Transition Regression (PSTR) method was employed to examine the nonlinear impact of liquidity More

  This paper seeks to explore the nonlinear association between liquidity indicators and debt repayment capacity in relation to asset returns. For this purpose, the Panel Smooth Transition Regression (PSTR) method was employed to examine the nonlinear impact of liquidity indicators (including the ratios of current assets to total deposits, total loans granted to total deposits, and total loans granted to total assets and debt payment capacity indicators (such as the debt ratio and interest coverage ratio) on asset returns from 2011 to 2020. The findings revealed a nonlinear effect of all calculated indicators on asset returns. The magnitude and manner of the independent variables' influence on asset returns varied at different levels, with noticeable distinctions in the effect before and after the threshold value of 1.0586. In light of these results, bank policymakers can strategically select an optimal liquidity level to enhance bank profitability based on asset returns. Manuscript profile
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  6 - The effect of political institutions on economic growth b through exchange rate misalignment (game theory approach)
  Hajar Mostafaee Morteza Sameti mostafa rajabi
  The most important effect of the political institution on the economic institution is in respecting or not the market system, which can ultimately strengthen or weaken the economic growth. In oil countries, abundant rent of oil income for government shapes the economic More

  The most important effect of the political institution on the economic institution is in respecting or not the market system, which can ultimately strengthen or weaken the economic growth. In oil countries, abundant rent of oil income for government shapes the economic incentives of the political institution in such a way that provides special interests through public resources. While in the free market, the pursuit of private interests will lead to public welfare. Such a different approach in some oil countries provides the context of limiting and continuous interfering in the market mechanism, so it leads to a decrease in economic growth. Due to the importance of determining the real exchange rate in achieving the desired economic growth, in this article attempt to investigate the impact of political institutions on economic growth in an oil country. The game theory method used to substantiate the presented concepts. In this regard, the different motivations of the policy makers (as political institutions) of the oil countries in determining the exchange rate investigated. The reaction of entrepreneurs to this policy in choosing the level of investment considered as an indicator of economic growth. Based on the results, ellits in motivation of maximizing government revenue determine the optimal exchange rate. Assuming economic competition, they tend to misalign exchange rate in order to weaken competitors. Adding the assumption of political competition will lead to higher exchange rate misalignment and further weaken economic growth. Manuscript profile