List of Articles MENA Region

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  1 - The effect of FDI on Economic Growththrough the Channel of Financial Development in the MENA region
  مانی موتمنی فائزه آریانی
  This study is to show that the financial development in the MENA region is animportant prerequisite for the impact of FDI on economic growth. For this purpose, thefinancial impact of FDI on economic growth for 15 countries in the region (Jordan,Algeria, United Arabic Em More

  This study is to show that the financial development in the MENA region is animportant prerequisite for the impact of FDI on economic growth. For this purpose, thefinancial impact of FDI on economic growth for 15 countries in the region (Jordan,Algeria, United Arabic Emirates, Iran, Bahrain, Tunisia, Oman, Morocco, Egypt, Yemen,Turkey, Libya, Qatar Malta and Saudi Arabia) between 2001 and 2010 by the dynamicand static panel data models and generalized moments estimator (GMM) is evaluated.The results of this study show that, In the MENA region, the impact of FDI on economicgrowth through the development of financial markets is positive and significant. Manuscript profile
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  2 - The Effects of Macro economic Variables on Life Insurance Demand (Case study: MENA Region (
  کامبیز پیکارجو فرهاد غفاری فهیمه شاهانی
  In developed countries a significant part of trade volume of insurance industry (over 50 percent) belong to the life insurance. The share of life insurance in insurance markets in developed countries, is considered as a degree of development in insurance industries in d More

  In developed countries a significant part of trade volume of insurance industry (over 50 percent) belong to the life insurance. The share of life insurance in insurance markets in developed countries, is considered as a degree of development in insurance industries in different countries, therefore developing countries intended to review the factors that affect growth and development life insurance to be able to accelerate development and increase the input size of insurance sector of capital markets. This research assesses  the effects of macro economic  variables on the demand for life insurance in the selected countries by using panel data estimation method between 1999-2008. Results of this study show that all macro economic variables( inflation, interest rates, financial development, GDP per capital and employment) have significant effect on demand for life insurance in studied countries. It is obvious that financial development has minimum effect on purchasing life insurance in this countries, also there is no significant relationship between oil shock and the demand for life insurance in studied countries. Manuscript profile
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  3 - Investigating Iran's Performance in Improving Human Development Index
  T. Torabi S. Tarighi M.R. Pakravan H. Soltaninejad
  The Human Development Index (HDI) is a composite statistic of life expectancy, education, and per capita income indicators. Present study uses panel data for elaboration of Iran’s performance in improving human development index in MENA region. Our res More

  The Human Development Index (HDI) is a composite statistic of life expectancy, education, and per capita income indicators. Present study uses panel data for elaboration of Iran’s performance in improving human development index in MENA region. Our results show that Iran’s success rate to improve its position is 88% and through more efficient allocation of resources the HDI index may improve from 0.702 to 0.837 Manuscript profile
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  4 - Effect of Trade Specialization Pattern on Economic Growth in MENA Countries
  homayoun ranjbar mahdieh iranmanesh morteza mohammadi
  This article investigates the pattern of trade specialization and productivity of exports on economic growth in MENA countries during 2009-2001 using generalized method of moments discussed. The results showed that there is a positive effect on exports and productivity More

  This article investigates the pattern of trade specialization and productivity of exports on economic growth in MENA countries during 2009-2001 using generalized method of moments discussed. The results showed that there is a positive effect on exports and productivity indicators and the negative effect of exports on economic growth indicators heterogeneity between industrial, commercial and trade on economic growth. Among the indicators, only the effect of concentration of exports on economic growth is consistent with the theory that the cause of its extreme dependence on oil economies is of MENA region. Manuscript profile
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  5 - Effective Factors on Absorbing Foreign Direct Investment (FDI) in MENA Region
  Sanaz Khatabi Akbar Komijani Teymour Mohamadi Abbas MemarneJad
  Abstract The purpose of this paper is to investigate the effective factors associated with FDI inflows to MENA region (11 selected countries in Middle East and North Africa).  The two-stage least squared pooling method was used for selected MENA countries to a More

  Abstract The purpose of this paper is to investigate the effective factors associated with FDI inflows to MENA region (11 selected countries in Middle East and North Africa).  The two-stage least squared pooling method was used for selected MENA countries to analyze the data for 2002-2014.  Based on the results of analysis, positive effect of economic growth, rate of inflation, and market openness and a negative effect of good governance on foreign direct investment obtained.  The results, also, showed that countries with fixed exchange rate regime were more successful in attracting FDI inflows. Based on the findings of this study, and to attract FDI inflows, MENA member countries should implement policies aimed at, improving public’s perceptions of governance, decreasing the inflation, increasing economic growth, creating stable foreign exchange rate regimes, and increasing trade openness. Manuscript profile
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  6 - Examining the Interdependence Structure of Iran's Stock Market and MENA Countries
  Seyed Mohammad Reza Khatami Gholam Reza Zomorodian Mir Feiz Fallah Shams Layalestani Mehrzad Minouei
  10.30495/fed.2023.698852
  AbstractIran's stock market should be related to the stock market of other countries, especially the countries of the region; This connection and dependence accelerates the accumulation and formation of capital and provides many opportunities to investors. With this app More

  AbstractIran's stock market should be related to the stock market of other countries, especially the countries of the region; This connection and dependence accelerates the accumulation and formation of capital and provides many opportunities to investors. With this approach, the present study has investigated the dependence structure of the stock market of Iran and MENA countries. In order to achieve this goal, first, information about the total stock market index of MENA countries from September 2015 to June 2022 was collected and then the fluctuations of the total stock market index of the countriescalculated using wavelet analysis. In the continuation, the Vector Autoregresive (VAR) model estimation and Granger causality test regarding the relationship between the stock market fluctuations of Iran and the countries of the region was carried out. Finally, the quantile regression was estimated and the upper and lower limits of the correlation between Iran's stock market and MENA countries were determined. The results of the wavelet analysis showed that, the range of fluctuations of the total stock market index in MENA countries has increased, over time. Based on the results of the VAR model and the Granger causality test, Iran's stock market is unilaterally affected by the stock market fluctuations of Kuwait, Oman, Qatar, Saudi Arabia, the United Arab Emirates and Lebanony؛ if fluctuations occur in the stock market of these countries, This work will be transferred to the Iranian stock market immediately. In addition, there was no sign of the impact of the  stock market flactuations of Jordan and Bahrain as well as North African countries including Egypt, Tunisia and Morocco on Iranian stock market. The results of quantile regression also showed that the affectability of Iran's stock market from fluctuations is different for different countries and quantiles. In this regard, in the months when the volatility in the stock market of the mentioned countries was less, the effect of the fluctuations on the Iranian stock market was less, and on the other hand, in the months when significant fluctuations occurred in the stock market, the amount of volatility transferred to the Iranian stock market was also higher. Manuscript profile
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  7 - The influence of the Iranian stock market on the volatility of the stock market of trading partners in the MENA region
  Seyed Mohammad Reza Khatami Gholam Reza Zomorodian Mir Feiz Fallah Mehrzad Minouei
  Trade and relations between countries are a necessary condition for the financial convergence. With this approach, the present study investigated the impact of the Iranian stock market on the stock market of Iran's trading partner in the MENA region. for this purpose, i More

  Trade and relations between countries are a necessary condition for the financial convergence. With this approach, the present study investigated the impact of the Iranian stock market on the stock market of Iran's trading partner in the MENA region. for this purpose, information about the total stock market index of selected countries was collected during September 2015 to June 2022 and index fluctuations calculated using wavelet analysis. Next, the VAR model was estimated and the Granger causality test was performed. Finally, the effect of the news on the country's stock market was investigated using GARCH models. The results of wavelet analysis showed that, the range of stock market fluctuations in MENA countries has increased. Based on the results of the VAR model and Granger causality test, Iran's stock market is unilaterally affected by fluctuations in the stock market of trading partner and OPEC member countries, including Kuwait, Oman, Qatar, Saudi Arabia, the United Arab Emirates, and Lebanon. However, there was no sign of Iran's stock market being affected by fluctuations in the stock market of Jordan, Bahrain, Egypt, Tunisia, and Morocco. Finally, the results of the conditional variance models indicate that the selected countries follow a similar asymmetric fluctuation pattern. Manuscript profile