THE ROLE OF TRANSACTION COSTS ON STAGFLATION IN IRAN'S ECONOMY DURING (1971-2000)

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SAMETI M.; SAMETI M.; JANNATI A.

مرکز اطلاعات علمی Scientific Information Database (SID) - Trusted Source for Research and Academic Resources

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Journal: Journal of Iran's Economic Essays; an Islamic approach Year:2004 | Volume:1 | Issue:1 Page(s): 95-126

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Title

THE ROLE OF TRANSACTION COSTS ON STAGFLATION IN IRAN'S ECONOMY DURING (1971-2000)

Author(s)

SAMETI M. | SAMETI M. | JANNATI A. | Issue Writer Certificate

Keywords

UNEMPLOYMENTQ2

INFLATIONQ2

STAGFLATIONQ2

TRANSACTION COSTSQ2

Abstract

Inflation and UNEMPLOYMENT are two important economic problems and undoubtedly they result in heavy direct and indirect economic costs. Also, finding the factors which generate them is also important. One of the main factors which exert heavy affect on macroeconomic variables in the developing countries is TRANSACTION COSTS. Iran's economy structure has a lot of TRANSACTION COSTS. This paper reviews the effects of TRANSACTION COSTS on STAGFLATION. The role of TRANSACTION COSTS in the generation of STAGFLATION is expounded within the framework of an economic model. For this purpose, a simultaneous equation system is designed and it is estimated by 3s1sand correction error method. The results show that TRANSACTION COSTS have a positive effect on UNEMPLOYMENT and INFLATION simultaneously and on their emergence in Iran's economy. The simulation results also show that the relationship between INFLATION and UNEMPLOYMENT has a negative effect.

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APA: Copy

SAMETI, M., SAMETI, M., & JANNATI, A.. (2004). THE ROLE OF TRANSACTION COSTS ON STAGFLATION IN IRAN'S ECONOMY DURING (1971-2000). JOURNAL OF ECONOMIC ESSAYS, 1(1), 95-126. SID. https://sid.ir/paper/108981/en

Vancouver: Copy

SAMETI M., SAMETI M., JANNATI A.. THE ROLE OF TRANSACTION COSTS ON STAGFLATION IN IRAN'S ECONOMY DURING (1971-2000). JOURNAL OF ECONOMIC ESSAYS[Internet]. 2004;1(1):95-126. Available from: https://sid.ir/paper/108981/en

IEEE: Copy

M. SAMETI, M. SAMETI, and A. JANNATI, “THE ROLE OF TRANSACTION COSTS ON STAGFLATION IN IRAN'S ECONOMY DURING (1971-2000),” JOURNAL OF ECONOMIC ESSAYS, vol. 1, no. 1, pp. 95–126, 2004, [Online]. Available: https://sid.ir/paper/108981/en

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