Kamran Mani; Jamshid Pajuyan; Teymor Mohammadi
Volume 11, Issue 42 , October 2011, , Pages 13-37
Abstract
The relationship between financial markets and the economic growth is a subject that has obviously been observed by many economists since the lifetime of Joseph Schumpeter. There have been various analyses and opinions on the development of financial markets and their effects on economic growth, and ...
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The relationship between financial markets and the economic growth is a subject that has obviously been observed by many economists since the lifetime of Joseph Schumpeter. There have been various analyses and opinions on the development of financial markets and their effects on economic growth, and various conclusions have been achieved through experimental studies. Some theoreticians view religious and cultural condition of countries as the factors of satisfactory effects on economical growth. Others believe bureaucracy and political establishment to be the main causes of such growth, while another group believes that the economic policy and strategies of each country play roles. The present article emphasizes the effect of taxes on the relationship between financial markets and economic growth in a model of endogenous growth. This effectiveness will be analyzed for period of (1992-2008). In this analysis, the study of panel data of more than 65 countries in the world signifies that taxes have negative effects and the development of commercial interactions has positive effects on the relationship between financial markets and economic growth. of Course, empirical findings of the study do not indicate significant relationship between taxes, financial markets and economic growth in the middle east countries.
Jamshid Pajuyan; Vida Vaezi
Volume 11, Issue 41 , July 2011, , Pages 137-158
Abstract
This paper studies the reciprocal effects of the two important socioeconomic
issues, i.e. inequality of income- health through definition of two indices of health
in 30 provinces of the country during 1982-2006. Evaluation of the model in the
framework of the said analytical and consolidated ...
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This paper studies the reciprocal effects of the two important socioeconomic
issues, i.e. inequality of income- health through definition of two indices of health
in 30 provinces of the country during 1982-2006. Evaluation of the model in the
framework of the said analytical and consolidated data is stable in Pool System and
fixed effects method. Although health depends on both factors of average income
and income inequality, but based on the investigations, the society health is more
influenced by income inequality. Therefore, we can see more health in the society
with lower income inequality. The inter-provincial studies performed in various
income groups shows that the income inequality is more effective on health of
society in the provinces with high and low income.
The general conclusions gained from social variables indicate that health
situation has positive correlation with education or training; health care and
number of insured and also health has strong negative correlation with income
inequality and finally weak positive correlation with income average.
Jamshid Pajuyan; Bita Tabrizian
Volume 10, Issue 38 , October 2010, , Pages 175-203
Nasser Khiabani; Jamshid Pajuyan; Akbar Komeyjani
Volume 10, Issue 36 , April 2010, , Pages 87-113
Abstract
This paper is based on a cointegrated I(2) and I(1) variables models money, price, output, real effective exchange rate and interest rates in Iran over period 1990 quarter 1-2006 quarter 4. The empirical findings demonstrated long-run homogeneity between price and money was broken down and the hypothesis ...
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This paper is based on a cointegrated I(2) and I(1) variables models money, price, output, real effective exchange rate and interest rates in Iran over period 1990 quarter 1-2006 quarter 4. The empirical findings demonstrated long-run homogeneity between price and money was broken down and the hypothesis of the stable money demand relationship was not confirmed in the period, instead of this we found a relation which determines inflation based on liquidity ratio and real effective exchange rate. Money supply growth significantly explains output growth in the period. In addition, the paper provides further insights about the effects of financial repression on output and determining the behavior of opportunity cost of money in Iran.
