Volume 28 (2023)
Volume 27 (2022)
Volume 26 (2021)
Volume 25 (2020)
Volume 24 (2019)
Volume 23 (2018)
Volume 22 (2017)
Volume 21 (2016)
Volume 20 (2015)
Volume 19 (2014)
Volume 18 (2013)
Volume 17 (2012)
Volume 16 (2011)
Volume 15 (2010)
Volume 14 (2010)
Volume 13 (2009)
Volume 12 (2008)
Volume 11 (2008)
Volume 10 (2008)
Volume 9 (2007)
Volume 8 (2006)
Volume 7 (2005)
Volume 6 (2004)
Volume 5 (2003)
Volume 4 (2002)
Volume 3 (2001)
Volume 2 (2000)
Volume 1 (1995)

Modified R/S and DFA Analyses of Foreign Exchange Market Efficiency under Two Exchange Rate Regimes: A Case Study of Iran

Saeed Rasekhi; Mahdi Shahrazi

Volume 18, Issue 57 , February 2014, , Pages 1-26

  Based on efficient market hypothesis, financial markets are impossible to forecast. The purpose of this paper is to examine the weak-form efficiency of the Iranian foreign exchange rate (defined by the Rial/Dollar) during time period 1999:25:01 to 2010:17:06 from long memory viewpoint. For this, we have ...  Read More

Sound Fiscal Reactions to Stochastic Shocks: A DSGE Approach

Javid Bahrami; Meysam Rafei

Volume 19, Issue 58 , April 2014, , Pages 1-37

  Using a New Keynesian dynamic stochastic general equilibrium of Iran with price rigidity and imperfect markets, this paper shows how different stochastic shocks affect main macroeconomic variables in presence of variety of reaction functions. In this way, we compare the response of those variables to ...  Read More

Financial Shocks and Labour Market Fluctuations with Financial Frictions

Asadollah Farzin Vash; Mohammad Ali Ehsani; Hadi Keshavarz

Volume 19, Issue 59 , July 2014, , Pages 1-37

  The financial crisis of 2007 showed that the impact of financial markets on macroeconomic developments is deep. The labor market was affected by financial variables. In this paper, the impact of financial shocks on labor market fluctuations with financial frictions in the the Iranian economy is investigated. ...  Read More

Introduction and Performance Comparison of some Common Multi-period VaR Forecasting Methods: A Case Study of the Tehran Stock Exchange

Seyed Mehdi Barakchian; Mohammad Hossein Rezaei

Volume 19, Issue 60 , October 2014, , Pages 1-35

  According to the Basel accords, financial institutions should forecast VaR of their portfolio over multi-period time horizons in order to determine their capital adequacy. Hence, finding efficient models for forecasting multi-period VaR is crucial for Chief Risk Officers (CRO) in general and Financial ...  Read More

Possibility of Making Coalition among Iran, Azerbaijan and Turkmenistan for Exporting Natural Gas to Europe: a Game Theoretic Framework

Amir Jafarzadeh; Abbas Shakeri; Farshad Momeni; Ghahraman Abdoli

Volume 19, Issue 61 , February 2015, , Pages 1-29

  The following paper investigates European policy about importing natural gas from Caspian Sea countries. The Nabucoo and Trans-Caspian gas project are the two potential projects. For these pipelines three countries are candidates: Iran, Turkmenistan and Azerbaijan. By using the game theory framework, ...  Read More

The Effects of Doing Business on Foreign Direct Investment in Iran and Selected Countries

ZahraZahra Dehghan Shabani; Saeedeh Afarineshfar

Volume 20, Issue 62 , April 2015, , Pages 1-30


  One of the factors affecting foreign direct investment is the ease of doing business. The world bank’s doing business report provides the indices of the ease of doing business. These indices measure the difficulty, costs and time it would take a standardized mid-sized company to start the business, ...  Read More

An Examination of Endogenous Protection with Emphasis on Types of Intra Industry Trade: A Case Study for Iran’s Manufacturing Industries

Saeed Rasekhi; Elnaz Behnia

Volume 18, Issue 55 , July 2013, , Pages 1-16

  Since the 1970s, international political economic theorists have emphasized on the role of domestic factors, such as domestic active groups, policies and macro-economic indicators, to explain the  trade protection trends. Empirical studies have often verified this view. This paper  examines ...  Read More

The Relationship between Inflation and Inflation Uncertainty in the Short- and Long-run: State Space Models with Markov Regime Switching Heteroskedasticity

Reza Najarzadeh; Bahram Sahabi; Sirous Solaymani

Volume 18, Issue 54 , April 2013, , Pages 1-25

  In this study by using Markov Regime Heteroscedasticity method (MRSH) In the form of state-space model the relationship between inflation and uncertainty  of inflation in Iranian economics is examined. The period of the study is the first quarter of  1367 to the third quarter of 1389. The reaction ...  Read More

Evaluation of Steady State Gap in Policy Making for Iranian Economy Simulation of a Dynamic General Equilibrium OLG Model

Rasul Bakhshi Dastjerdi; Zohreh Ahmadi

Volume 17, Issue 53 , February 2013, , Pages 1-33

  Evaluation of several decades’ policy experience in Iranian economy indicates  the existance of a gap between its current state and targeted state. The simulated steady state of Economy using a dynamic general equilibrium OLG model shows that there are differences between the steady values ...  Read More

Cost and Profit Analysis of a Queueing System with K Phases Heterogeneous Services and Vacation

Abdolrahim Badamchizadeh

Volume 17, Issue 52 , October 2012, , Pages 1-8

  In this paper, cost and profit analysis of a queueing system with k phases heterogeneous services and vacation is studied. The service times and vacation times have general distribution. It is assumed that the time between two successive arrivals has exponential distribution. Also we assume that service ...  Read More

Effect of Developing Electronic Payment Instruments on Money Demand

Fathollah Tari; Abdorreza Shapouri

Volume 17, Issue 51 , July 2012, , Pages 1-19

  It is assumed that there are some changes in the payment system with application of information technology in this field, so that for many of retail payments we do not need cash. Changes in payment methods, create changes in money demand which may have significant economic effects. In this study the ...  Read More

Properties of Optimal Consumption under Liquidity Constraints: New Results by Control Theoretic Approach

Masoud Derakhshan

Volume 17, Issue 50 , April 2012, , Pages 1-42

  Optimality conditions for consumption behavior with liquidity constraints are obtained using the functional recurrence equation in Bellman’s dynamic programming and the generalized Hamiltonian function in Pontryagin’s maximum principle.  The rejection of Hall’s random walk hypothesis ...  Read More

Measuring Shariah Poverty Line and Analyzing the Impact of Dignity on its Value (Case Study Qum Province)

Yadollah Dadgar; Soheila Parvin; Hossein Abbasi Nejad; Mojtaba Bagheri

Volume 16, Issue 49 , February 2012, , Pages 1-33

  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 ...  Read More

Analysis of credit rationing in commodity, money and bond Markets; by the use of walras’s law

Asgar Abolhasani

Volume 16, Issue 48 , October 2011, , Pages 1-24

  One of the most important issues in financial market particularly for banks is the issue of asymmetric information. Adverse selection could be made from the lack of sufficient information about credit specification, type of preferences and in general, rate of risk taken by borrowers. In this situation ...  Read More

The Comparative Analysis of Knowledge Based Economy components on Economic Growth in Some Selected Countries

Bijan Baseri; Neda Asghari; Mohammad Kia

Volume 16, Issue 47 , July 2011, , Pages 1-29

  During the past decades, it has been indicated that more knowledge leads inexorably to greater economic growth.This paper will study the role of the knowledge based economy components on economic growth in Iran and some selected countries during 1996-2007.The main hypothesis is that: ICT as a major factor ...  Read More

OPEC's Role in the Diversified Future Energy Market

Ali Bagheri

Volume 16, Issue 46 , April 2011, , Pages 1-18

  This paper, which is developed within the framework of political economy of petroleum starts by a brief reviewing of OPEC’s policy instrument based on members’ excess production capacities and quota systems for managing the global oil market. The basic shortcoming in modeling OPEC’s ...  Read More

The Effect of Institutions on Bilateral Trade of Selected Countries in the Middle East

Dr. Karim Azarbaijani; Neda Samiei; Homayoun Shirazi

Volume 15, Issue 45 , February 2011, , Pages 1-23

  World trade has grown remarkably quickly in the past decades. Some researchers believe that despite growing trade, the rate of world trade is less potential amount that it can be achieved. From the perspective of these researchers, in addition to transportation costs and customary transaction costs, ...  Read More

Determinants of Foreign Banks Entry

Reza Aghababaee; Mahmoud Motevasseli; Seyed Morteza Hoseininejad

Volume 15, Issue 44 , October 2010, , Pages 1-33

    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 ...  Read More

The Impact of Trade Openness on Main Macroeconomic Variables in Iran (1961-2007)

Karim Eslamloueyan; Maryam Shafiee Sarvestani; Mahbobeh Jafari

Volume 14, Issue 43 , July 2010, , Pages 1-21

    Using a vector autoregressive (VAR) model and an impulse response analysis, this paper investigates the impact of trade openness on main macroeconomic variables including growth of output, inflation, and employment for the period 1961-2007 in Iran. More specifically, we intend to study how an ...  Read More

Energy Prices Increase, Welfare, and Government Expenditure: An Input-Output Exercise Model

Asghar Shahmoradi; Mohsen Mehrara; Navid Fayazi

Volume 14, Issue 42 , April 2010, , Pages 1-24

  This paper investigates the impacts of an energy price increase on price levels, income distribution, consumer’ welfare and government expenditure. In doing so, it uses a static Input-Output approach in the context of the input-output table for Islamic Republic of Iran for the year 2004. An exogenous ...  Read More


Seyed Komail Tayebi; Mohammad Omidinezhad; Abbas Motahari Nejad

Volume 13, Issue 41 , February 2010, , Pages 1-28

  The purpose of this research is to measure cost and profit efficiency for the Iran's commercial and public banks. We also determine time variant efficiency factors for period 1381-1384 (2001-2004). To measure the efficiency, we use stochastic frontier analysis (SFA) and error component model following ...  Read More

Institution, Governance, and Economic Growth (Text in Persian)

Saeed Isa Zadeh; Akbar Ahmadzadeh

Volume 13, Issue 40 , October 2009, , Pages 1-28

  The neo-classical growth models explain the difference between economic growth of economies as a result of difference in economic factors such as capital (in the form of fiscal and human) and factor productivity، but according to new institutional economist those differences in fact originate from institutional ...  Read More

Final Demand Impact on ICT Output: A Macro Multiplier Approach with Eigenvalues

Esfandiar Jahangard; Habibeh Mansoori

Volume 13, Issue 39 , July 2009, , Pages 1-28

  In this paper  focusing on the Information and Communication Technology sector (ICT sector) in Iranian Input-Output table  and  a method of policy evaluation is designed which gives a deeper insight of interaction between policy objective (output) and policy control(final demand). The ...  Read More

An Estimation of Social Discount Rate Based on Hazard Rate for Iran and Selected countries

Ghahraman Abdoli; Hassan Heydari

Volume 13, Issue 38 , April 2009, , Pages 1-29

  Social discount rate is an important variable for the Cost-Benefit analysis. Commonly used discount factor in applied works is exponential discount factor. However, exponential factor has some problems: 1- Determining factors of discount rate and their impacts are varying in time. 2- Empirical and experimental ...  Read More