hossien amiri; raheleh heidari
Abstract
This study presents new evidence on the effects of life insurance, banking and capital market on economic growth in 18 developed and 20 developing countries using Generalized Method of Moments (GMM) approach to dynamic panel data method for years 2000-2016. The results show that in developed countries ...
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This study presents new evidence on the effects of life insurance, banking and capital market on economic growth in 18 developed and 20 developing countries using Generalized Method of Moments (GMM) approach to dynamic panel data method for years 2000-2016. The results show that in developed countries life insurance accelerates economic growth, while the effects of private credit on economic growth are negative and the stock market has not had a significant effect on growth. In developing countries, the results indicate that the stock market can increase economic growth, while the effect of private credit is negative on growth and life insurance has not had a significant effect. Overall, the results suggest that the effects of development in financial activities on growth vary based on the time period, income level, and financial development. That is, countries at different levels of development should engage in different financial activities to ensure sustainable growth.
Abbas Abbaspour; mohammadmahdi keramatitavallaee; hamid rahimian; Esfandiar Jahangard
Abstract
The widespread concern about financing higher education in different countries has led to a lot of movements. Policymakers have started to take advantage of this trend, and the universities themselves have come up with new insights into this new situation. The purpose of this study is to develop a suitable ...
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The widespread concern about financing higher education in different countries has led to a lot of movements. Policymakers have started to take advantage of this trend, and the universities themselves have come up with new insights into this new situation. The purpose of this study is to develop a suitable model for financing higher education in Iran, which is done by a combined research method. In the qualitative stage, after the interview and coding steps, the conceptual model was depicted based on systematic approach of Strauss and Corbin. In the quantitative stage, 155 people were questioned as a tool for evaluating the model. In order to test the questionnaire, factor analysis, Cronbach's alpha, combined reliability and convergent validity methods were used, which showed that the results were acceptable and most of the cases had a suitable factor load. In the next step, the coefficients of significance between variables and standardized coefficients of the paths related to the hypotheses were calculated. Among the research hypotheses, there was a significant relationship between the model's pivotal phenomenon, which was the internalized diversification of funding, with academic independence and naturalness, but its significant relation with fair access to higher education and the reliability on financial resources was rejected. Also, there was a significant relationship between internal financing diversification with information, equipment, capabilities and experiences networking strategies, financial, mental and spiritual motivation, strengthening of stakeholder communication, development of required rules and regulations were approved, but were rejected by increasing international engagement and cooperation.
Mehdi Yazdani; Hamed Pirpour
Abstract
In general, development of infrastructures and implementation of economic projects require financing. However, the exchange rate fluctuations lead to increasing costs of financing through conversion, transaction, economic, credit and liquidity risks. Hence, in this study, the effect of the exchange rate ...
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In general, development of infrastructures and implementation of economic projects require financing. However, the exchange rate fluctuations lead to increasing costs of financing through conversion, transaction, economic, credit and liquidity risks. Hence, in this study, the effect of the exchange rate volatilities has been investigated on financing practices of companies listed in Tehran Stock Exchange using autoregressive distributed lags method during monthly period 2006-2015 and then, the effect of this variable has been determined on foreign direct investment (FDI) inflow in economic sectors of Iran using panel data method during 1994-2015. According to the results, the value of assets, stock price index, economic freedom index, inflation rate and exchange rate volatilities are identified as determinants of firms’ financing. Also, the pattern of FDI is a function of sectoral value-added growth, capital productivity index, inflation rate, economic freedom index and the exchange rate volatilities where the coefficients are significant and consistent with theoretical expectations. Furthermore, increasing exchange rate fluctuations can decrease domestic and foreign financing because exchange rate fluctuations lead to different risks.
