Iranian Journal of Economic Research

Factors Influencing Financial Repression and Sequence of Their Effects in the Iranian Economy; An application by the Group Decision Making Model

Authors

Mehdi Taghavi 1
Maryam Khalili Araghi 2

1 Professor, University of Allame Tabatabai, Tehran, Iran

2 Assistant Professor, Science and Resereach Campus, Islamic Azad University, Tehran, Iran

Abstract
Financial repression, according to many scholars, is a drag on economic growth and development. To identify factors influencing financial repression we analyzed experts opinion using Delphi Method. We used DEMATEL technique and Graph theory to sequence their importance and feedbacks. The result shows that dependence on oil export revenue is the most important factor causing financial repression and it has increased economic rent and corruption, and it is self-perpetuating. Our findings are consistant with structuralists and post Keynesian views. Reliability of model used is consistant with stylized facts and expert opinion. Besides DEMATEL is a very reliable mathematical model for this types of  study.

Keywords

Financial Repression
Delphi Method
Group Decision
Making Models

  • Receive Date 11 May 2016
  • First Publish Date 11 May 2016

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