Yadollah Dadgar; Soheila Parvin; Hossein Abbasi Nejad; Mojtaba Bagheri
Volume 16, Issue 49 , February 2012, Pages 1-33
Abstract
The analysis of the Shariah poverty line and its measurement is considered as ane of the basic issues relevant to Muslem societies. Also the impact dignity (“Shaan” in Islamic terminology) is another concern in this regard. This paper intends to analyze the Shariah poverty line (Kefayah in ...
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The analysis of the Shariah poverty line and its measurement is considered as ane of the basic issues relevant to Muslem societies. Also the impact dignity (“Shaan” in Islamic terminology) is another concern in this regard. This paper intends to analyze the Shariah poverty line (Kefayah in Islamic literature), and the impact of dignity (Shaan) on it. Case study region for the this paper is the Qum province. According to the findings of this paper and other things being equal; Shariah poverty line is measurable and by using SPL methods we have measured it for the Qum province. In addition to using analytical methods this paper, methodologically speaking has used questionnaire inquiry and econometric methods.
Batool Seyedi; Fariborz Dortaj; Seyed Abdolmajid Jalaee
Volume 16, Issue 49 , February 2012, Pages 35-69
Abstract
As in the current centered educational system "text-book" represents educational goals at the national level. Thus, in this study attempt was made to answer this question based on content analyzing: "how much importance has been devoted to economic concepts in the primary education text-books". So, after ...
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As in the current centered educational system "text-book" represents educational goals at the national level. Thus, in this study attempt was made to answer this question based on content analyzing: "how much importance has been devoted to economic concepts in the primary education text-books". So, after some preliminary theoretical studies, content analyzing pattern was designed. Then the validity and reliability of this pattern calculated and analysis was begun. For this purpose, by using data collection bill, the content of the primary education text-books except mathematics were analyzed in academic year (1385-1386). Then, economic concepts and implications were identified and classified in five types: "microeconomics, macroeconomics, economic development, labor economic and international economics" and two presentation ways (direct & indirect). The results of investigation show that economic concepts in relation to economic development, microeconomics, labor economics, macroeconomics and international economics orderly have been devoted to themselves the most amplitudes. Also, the economic concepts presentation ways were different, for economic concepts in relation to microeconomics, macroeconomics, economic development and international economics; the direct presentation way has been used frequently and for labor economics indirect presentation way has been used. in general, the direct presentation way used more than indirect way. The analysis show that economic concepts presentation in various bases hadn’t special order and although, economic concepts has increased progressively from first primary grade to fifth primary grade, but this process hasn’t liner motion and has some inflections. Also, economic concepts have been presented in theoretical manner. At the end we suggest that more attention must be paid to some concepts of microeconomics and macroeconomics. Also, in addition to theoretical instruction of economic concepts, practical instruction by using more active methods must be considered.
Mehdi Sadeghi Shahdani; Mohammad Reza Esmaeili
Volume 16, Issue 49 , February 2012, Pages 71-97
Abstract
Islamic economics is a new concern that has attracted the attention of most Muslim economists. This paper aims to better understanding of the future of Islamic economics by classifying of Muslim economist's theories in two distinct approach "Islamic economics as an adduct" and "Islamic economics as an ...
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Islamic economics is a new concern that has attracted the attention of most Muslim economists. This paper aims to better understanding of the future of Islamic economics by classifying of Muslim economist's theories in two distinct approach "Islamic economics as an adduct" and "Islamic economics as an adjectival compound". The first approach is limited to the jurisprudence discussion in economics against the second approach that can be much extensive. This article, considers an integrated approach in order to avoid the current dichotomy. Also with this approach we still have an adjectival compound but with an improved vision and so it be can considered as a more advanced approach in comparison to pervious approaches. The non-disciplinarity approach is also applicable in a variety of methods such as interdisciplinary approach
Amir Mansour Tehranchian; Masoomeh Noroozi Beairami
Volume 16, Issue 49 , February 2012, Pages 99-115
Abstract
This article attempts to univestigate the phenomon of currency substitution in Iranian economy, using the ARDL model. For this purpose both long-run and short-run demand functions were estimated using the statistical data for 1974-2009 period. According to our findings, currency substitution both in ...
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This article attempts to univestigate the phenomon of currency substitution in Iranian economy, using the ARDL model. For this purpose both long-run and short-run demand functions were estimated using the statistical data for 1974-2009 period. According to our findings, currency substitution both in long-run and short-run were confirmed with long-run substitution having a more powerful effect than long-run substitution. Also, it is indicated that the direct effect of income and the indirect effects of real interest rate and inflation on demand for money in the long-run were greater than in those in the short-run. The ECM estimated from the real demand function for money was -0.24 which expresses a rather slow process of currency adjustment in Iran.
Hamid Kordbacheh; Leila Pordel Nooshabadi
Volume 16, Issue 49 , February 2012, Pages 117-150
Abstract
This paper estimates a dynamic panel model to examine the bank-specific and macroeconomic determinants of non-performing loans in Iranian banking sector using a sample of 12 banks over the period of 2002-2008. The findings of this paper show that prudential behaviour, size and ownership status of banks ...
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This paper estimates a dynamic panel model to examine the bank-specific and macroeconomic determinants of non-performing loans in Iranian banking sector using a sample of 12 banks over the period of 2002-2008. The findings of this paper show that prudential behaviour, size and ownership status of banks are the main statistically significant bank-specific factors of non-performing loans. For robustness of the empirical results, the model has been estimated with alternative indexes of business cycle variable. The findings of the estimated models show that the macroeconomic conditions have significant impact on the non-performing loans in the sample.
Parviz Mohammadzadeh; Hossein Asgharpur; Mohammad Bagher Beheshti; Ali Rezazadeh
Volume 16, Issue 49 , February 2012, Pages 151-175
Abstract
The main objective of this paper is to examine of monetary approach to exchange rate determination in 14 MENA countries during 1975-2006. For this purpose, panel cointegration technique has been used to test the basic monetary model and flexible price monetary model of exchange rate determination. The ...
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The main objective of this paper is to examine of monetary approach to exchange rate determination in 14 MENA countries during 1975-2006. For this purpose, panel cointegration technique has been used to test the basic monetary model and flexible price monetary model of exchange rate determination. The empirical results indicate that there is a cointegration relationship between variables of basic and flexible price monetary models and therefore the monetary model is able to convincingly explain the exchange rates in MENA Countries. Hence, it could be concluded in the region the parity domestic currency vs. foreign currencies has been affected by mostly the amount of domestic money and increase (decrease) of amount of domestic liquidity leads to devaluation (evaluation) of domestic money. Also, the results show that there is negative significant relationship between exchange rate and output and positive significant relationship with expected inflation rate in Middle East and North Africa countries. This empirical evidence implies that in addition to liquidity, variables such as expected inflation rate and GDP are important in determination of the equilibrium exchange rate in MENA Countries.
Mohsen Mehrara; Hamid Abrishami; Seyed Mohammad Hadi Sobhanian
Volume 16, Issue 49 , February 2012, Pages 177-204
Abstract
In this study we have dealt with the non-linear effects of economic growth on the energy consumption growth in countries depending on petroleum revenues (OPEC member countries)as well as the BRIC countries. For this end, the panel data from 1980 to 2006 for both groups of above-mentioned countries was ...
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In this study we have dealt with the non-linear effects of economic growth on the energy consumption growth in countries depending on petroleum revenues (OPEC member countries)as well as the BRIC countries. For this end, the panel data from 1980 to 2006 for both groups of above-mentioned countries was employed and analyzed on the basis of threshold error correction model. The results indicate that in both group of countries, the effects of economic growth are non-linear so that the high economic growth rates (the economic growth rates more than threshold level of 0.01 for OPEC and 0.09 for BRIC) has increased the energy consumption growth with more severity. Of course, the effects of economic growth on the energy consumption growth in BRIC member countries are by far higher. Therefore, although an economic growth rate higher than threshold level may lead to environmental pollution in the OPEC member countries, but these countries should have less anxiety about the detrimental environmental effects of their economic growth compared to the BRIC countries.
Maryam Hematy; Ahmad Reza Jalali Naini
Volume 16, Issue 49 , February 2012, Pages 205-239
Abstract
Achieving price stability is known as one of the tasks and objectives of policy makers especially in central banks. In order to implement inflation targeting policy, the information relating to the response of prices to monetary policy shocks is essential for monetary policy makers. Most studies analyze ...
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Achieving price stability is known as one of the tasks and objectives of policy makers especially in central banks. In order to implement inflation targeting policy, the information relating to the response of prices to monetary policy shocks is essential for monetary policy makers. Most studies analyze the response of aggregate price level like CPI or consumption deflator to monetary shocks. Moreover, a limited number of studies that examine the effect of monetary shocks on disaggregate prices use vector auto regression models for the analysis. The results of these studies show that some disaggregated prices increase slightly in response to a contractionary monetary shocks. This finding which is inconsistent with the standard theory is known as the "price puzzle" in literature. In this paper we use a factor Augmented VAR framework to examine the impulse response function of 12 categories of CPI to one standard error in money base growth rate in Iran. Our two main findings are: 1) monetary shocks have a lagged effect on disaggregated prices and most prices response to a monetary shock with a considerable delay. 2) There is a substantial difference amongst 12 CPI sub-categories in response to an increase in monetary base growth rate. However, the impulse response functions of disaggregated prices are not statistically significant based on bootstrap confidence interval. Contrary to existing studies based on standard VAR model, by using FAVAR approach, we also find that price responses don’t display a price puzzle in the case of Iran.
