JOURNAL OF APPLIED ECONOMICS STUDIES IN IRAN
Year:2018 | Volume:7 | Issue:25 |Papers Count:10

Goal: In this paper we try to present a version of the standard New Keynesian model with a real labor market for which we notice to the both side of labor market (supply and demand) for defining unemployment...

Goal: Imposing the discretionary interest rate renders the interest rate market susceptible to variety of shocks. Monetary officials should be well aware of the durability and temporal impacts of these shocks on the macroeconomic variables. Using 120 macroeconomic variables of Iran economy within the period of 1984-2013, this study investigated whether there is a statistically significant relationship between the shadow reference interest rate (as a representative of the interest rate market) and prescribed interest rate? If so, what would be the consequence of the gap (difference) between these two rates in terms of the response of macroeconomic outlets...

Goal: In an environment where economic structures break, variances change, distributions shift, conventional policies weaken and past events tend to reoccur, economic agents have to form expectations over different regimes. This makes the regime-switching dynamic stochastic general equilibrium model (RS-DSGE) the natural framework for analyzing the dynamics of macroeconomic variables. Therefore, unlike other studies that addressed time-invariant parameters, the present paper analyzed the behavior of the major Iranian economic variables using small open-economy DSGE models and allowing for Markov switching in certain parameters estimated by Bayesian methods...

Goal: The value added tax is now being implemented in more than 140 countries. This tax is a tax on the sale of goods and services, which are applied in the chain of import, production, distribution, consumption at a constant (non-progressive) tax rate, and ultimately final consumers are the only payable one. Banking services are exempt from value added tax for technical reasons in most countries of the world...

Goal: Business Intelligence systems couple operational data with analytical tools to produce information of competitive value for planners and decision makers. These systems can handle huge amounts of information and are capable of identifying information to develop new opportunities. Thus competitive market advantage and effective strategy insight are gained by implementing Business Intelligence based systems...

Goal: Increasing interactions of real and financial sectors is regarded as one of the inevitable characteristics for the world economy. These international interdependences can lead to higher degree of inflationary vulnerability to global and foreign shocks. Therefore, the national inflation management is one of the most important challenges that different countries are facing in the global economy. In addition, Iran is a net-food-importing and net-oil-exporting country, and food and energy have considerable share in consumer basket. Hence, Iran’s economy has a higher degree of inflationary vulnerability. Iran’s Inflation not only is directly affected by the oil and food shocks, but also is influenced by changes in the inflations of Iran’s importing partners (spillover effect). In this regard, the present study examines the role of oil and food shocks and foreign inflation on Iran’s inflation...

Goal: Although capital as the most important factor in the economic growth of developing countries is of great importance for these countries, and due to the constraints on its attraction in domestic level, much attention is also given to foreign investment. But there are several factors that reduces benefits from investment, especially foreign investment. Among the most important of these factors, the rate of corruption in the country is the capital destination. Many studies have shown that corruption (with an emphasis on Corruption Perception Index) has a negative impact on investment in countries...

Goal: Electricity consumption in Iran was reached to historical level of 255, 724 million kwh in 2017 which shows 7.7 percent increase compared to the year 2016. Considering the dramatic increase in electrity use mainly due to population growth, urbanization, economic and industrial development, providing a better picture of the future electricity demand for policy makers seems necessary. In addition, specification of the most important variables and their effects on the electricity demand would help policy makers to decide which policy instrument, such as price or non price policies, to choose in order to manage electricity demand...

Goal: Economic growth has been considered as one of the most important development indicators for analyzing the level of community welfare and economical status. Explaining the relationship between saving and investment with economic growth can play a crucial part in regulating and codifying macroeconomic policies. These relationships depend on absence or presence of structural breaks, could alter considerably. Therefore, regarding structural breaks in empirical analysis is very crucial and disregarding them could lead to unreliable and misleading results...

Goal: The financial system could be a source of prosperity or decline of the economy. Asymmetry of information in this system can cause adverse selection and moral hazard, that can increase the risk of facilities.As a result, the risk reward increased and cause increased interest rates to facilitate comparison with the interest rates on deposits. By raising interest rates Facilities, risk taker people, attempted to take more facilities that the result will be an increase in deferred bank.