Determinants of Foreign Banks Entry
Reza
Aghababaee
Ph.D, Assistant professor of Economics, University of Semnan
author
Mahmoud
Motevasseli
Ph.D, Professor of Economics, Tehran University
author
Seyed Morteza
Hoseininejad
Graduated in Economics, University of Shahid Beheshti
author
text
article
2010
per
It is argued that foreign banks entry can improve the process of development by technology transfer and access to new international funds. This paper investigates factors affecting foreign banks entry. The theoretical model is based on Markowitz portfolio model, in which a bank decides to invest on “portfolio of countries” according to their potential country risk and return. To test various hypotheses, we construct a panel data model for 10 year across 30 countries. The results confirm the “follow up” theory: banks follow their clients to meet their needs in another country. The policy implication for authorities is that in order to attract foreign banks, they may consider participation of foreign companies in other industries. Banks are expected to automatically follow their clients and open up new branches at that country.
Iranian Journal of Economic Research
Allameh Tabataba’i University
1726-0728
15
v.
44
no.
2010
1
33
https://ijer.atu.ac.ir/article_3386_8289d6c564bdf9ca7239d69fac2d5f29.pdf
The Effects of Land Tax in Iranian Economy; a Dynamic Computable General Equilibrium Approach
Rasul
Bakhshi Dastjerdi
Ph.D, Assistant Professor of Economics, University of Yazd
author
Fateme
Abolhasani Targhi
M. A. Student in Economics, University of Yazd
author
text
article
2010
per
It is assumed that major factors of production are all in full employment condition in the Iranian economy. Land sector, however, indicates a rather peculiar situation, as it seems to be in a disequilibrium condition. On the one hand the need for housing and business indicates a high demand for urban hand, while on the other hand the supply of building are limited with many lots held as idle, and not supplied in the market. It seems that regulating land sector would have positive impact on economic activities. In this study, we apply a dynamic computable general equilibrium framework to study the land tax effects on the economy. We show that land tax is a neutral tax without any distorting effects, increasing Iran's GNP, per capita saving and per capita welfare indices by 0.32, 0.33, 0.647 and 0.2 percent, nespectinely in the long run.
Iranian Journal of Economic Research
Allameh Tabataba’i University
1726-0728
15
v.
44
no.
2010
35
66
https://ijer.atu.ac.ir/article_3389_41270d46485636585040a974c650f286.pdf
The Estimation of Long-run Relationship between Exports and Environmental Quality Indices: The Case of Iran
Seyed Kamal
Sadeghi
Ph.D, Assistant Professor, University of Tabriz
author
Majid
Feshari
Ph.D Student of Economics, University of Tabriz
author
text
article
2010
per
The main objective of this study is to estimate the long-run relationship between exports and environment quality indices for Iran over the period 1971-2007. In this study, the CO2 emissions and arable land are used as a proxy for the environmental quality. We estimate the model using the multivariate Johansen's co-integration technique. The results reveal that there is a long-run relationship between exports and CO2 emissions and arable land. Moreover, the variables of exports and FDI have negative and significant effects on the environmental quality indices.
Iranian Journal of Economic Research
Allameh Tabataba’i University
1726-0728
15
v.
44
no.
2010
67
83
https://ijer.atu.ac.ir/article_3390_cd5f16c814e969038500fab1dbc5c264.pdf
Property Right, Regulation and Economic Growth
Majid
Sameti
Ph.D, Associate Professor, University of Isfahan, Economic Department
author
Rohollah
Shahnazi
Ph.D Candidate, University of Isfahan, Economic Department
author
Zahra
dehghan shabani
Ph.D Candidate, University of Isfahan, Economic Department
author
text
article
2010
per
This paper investigates the role of property right and regulation in credit, business and labor markets on economic growth by using two panel data models for 80 countries during 2000-2005. The first model considers legal structure and total effect of regulation on economic growth and the second model investigates three main component of regulation; i.e. regulation in credit, business and labor markets and property right on economic growth. findings of the first model show labor force, human capital, capital stock, property right and regulation have positive effect on economic growth. And according to the second model property right and regulation in credit and labor markets have positive effect on economic growth.
Iranian Journal of Economic Research
Allameh Tabataba’i University
1726-0728
15
v.
44
no.
2010
85
109
https://ijer.atu.ac.ir/article_3394_fac0fc7609f3796bbcc6843afcdf5f45.pdf
Energy Consumption and Economic Growth: a Nonlinear Approach
Firooz
Falahi
Ph.D, Assistant Professor, Economics Department, University of Tabriz
author
jalal
montazeri shoorekchali
MA student at Economics Department, University of Tabriz, Iran
author
text
article
2010
per
The annual data on economic growth and energy consumption in Iran during the period 1352-1386 is used to study the effect of energy use on the growth of Iranian economy. To that end, a smooth transition regression model is used. The selected model has two regimes and two thresholds. Regime one starts from 1353 and ends in 1362; while the second regime covers the period 1363-1386. The results show that the energy use had a negative effect on the economic growth in both regimes, and that the effect is larger in the first regime. Therefore, based on these results the growth hypothesis does not hold in the Iranian economy. This could be considered as a sign of inefficient use of energy in Iran.
Iranian Journal of Economic Research
Allameh Tabataba’i University
1726-0728
15
v.
44
no.
2010
111
133
https://ijer.atu.ac.ir/article_3395_05b9d7f37d9e0f33cbd98128ff61d70c.pdf
The Inflation-hedging Effectiveness of Land, Gold and Stock in Iran
Gholamreza
Keshavarz Haddad
h.D, Associated Professor, Sharif University of Technology, Department of Economics
author
MohamadReza
Satari
Graduated Student, Sharif University of Technology
author
text
article
2010
per
Following the fisher’s hypothesis about the relationship between asset returns and inflation, numerous studies have tried to test the hypothesis with various data sets. Contradiction in the findings resulted to the proxy hypothesis of Fama (1981). In present article, survey the theoretical and empirical literature, and conduct a test for inflation hedging ability of land, gold and stock in Iran. Considering the seasonal characteristics of the data (1385-1355), we use the HEGY (1990) unit root test, and VECM methodology to estimate long and short run relationships. Our findings show that in the long run, all three types of assets hedge against inflation. However, in the short run, we observe that money reserve, oil prices and real GDP are significant determinants of the assets returns.
Iranian Journal of Economic Research
Allameh Tabataba’i University
1726-0728
15
v.
44
no.
2010
135
171
https://ijer.atu.ac.ir/article_3398_676093ab1e476fe23d8a0bbbaa905adb.pdf
Demand For Smoking in Iran
Teimor
Mohamadi
Ph.D, Faculty member, University of Allameh Tabatabae
author
Leila
Hoseini
M.A in economics
author
text
article
2010
per
This paper surveys theoretical foundation and empirical results of demand for smoking: Theoretical foundation is based on a model of habit effects .Empirical results is based on a regression for smoking demand in Iran for the period 1363-1379 (1984-2000). The quantity demanded is determinded by price ,income ,literacy, unemployment and divorce rates .The elasticity of demand with respect to first four variables are -0.27, 0.44, 0.2 and -2.54, respectively.The divorce rate is not significant.Thus cigarette is an inelastic and normal necessity good. Also, the significant coefficient of the quadratic term of income confirms the satiation effect. Accordingly, prohibitive policies based on price are not successful and it is necessary to make a shift to non- price measures.
Iranian Journal of Economic Research
Allameh Tabataba’i University
1726-0728
15
v.
44
no.
2010
173
198
https://ijer.atu.ac.ir/article_3401_2a708381d36f0c2f86094958014a2b77.pdf
Optimal Foreign Exchange Portfolio for Iran
Zahra
Nasrollahi
Ph.D, Faculty member Yazd University
author
Mina
Shahviri,
Senior Economist Yazd University
author
text
article
2010
per
Management of Foreign exchange reserves is important for every country. This matter is also of particular interest for Iran as an Oil exporting developing country. This paper designs an optimal portfolio for that part of foreign exchange incomes which is used for investment. Using the data on foreign exchange daily returns, for the period 2000-2008, and applying univariate and multivariate Garch models, we estimate a model which maximizes expected returns subject to a Value-at-Risk constraint. The results are examined using Backtesting, and then the most acceptable model is suggested. The results that the multivariate GARCH model is the most efficient method for selecting the foreign exchange optimal portfolio in Iran.
Iranian Journal of Economic Research
Allameh Tabataba’i University
1726-0728
15
v.
44
no.
2010
199
230
https://ijer.atu.ac.ir/article_3402_bf5e36492ede3a53767241f66f1eb7b7.pdf