- I am associate professor of economics department at kharazmi universityedit
BACKGROUND AND OBJECTIVES: The main objective of this paper is to propose a performance measurement framework for Iranian municipalities as a public institution. METHODS: By selecting Karaj Municipality and referring to Balanced... more
BACKGROUND AND OBJECTIVES: The main objective of this paper is to propose a performance measurement framework for Iranian municipalities as a public institution. METHODS: By selecting Karaj Municipality and referring to Balanced Score-Card Methodology, an attempt has been made to provide a framework that can be used in public institutions as an efficient tool for measuring performance. The research used analytical methods and stand-alone questionnaire survey techniques, a case study approach by cross-sectional method. The research environment was the central municipality of Karaj and the relevant deputies. Content validity was used to determine the validity of the questionnaire. The reliability of the questionnaire was determined based on Cronbach's alpha. Also, the Balanced Score-Card framework is integrated with an Analytic Hierarchy Process. FINDING: The results show that through the citizenship viewpoint, the satisfaction level of personal investors and makers is almost 7 ti...
Research Interests:
Research Interests:
Food and drink industry has a main share in capital market and a considerable role in stock market transactions through the collection of community micro-savings. Hence, the cruicial aim of this paper is to investigate the effects of... more
Food and drink industry has a main share in capital market and a considerable role in stock market transactions through the collection of community micro-savings. Hence, the cruicial aim of this paper is to investigate the effects of nominal exchange rate volatility and entry of real shareholders on the return on assets (ROA) in the 44 food and drink companies of Tehran stock exchange as a export oriented companies during the period of 2011-2019. For achieving this, by using of Panel GARCH method, the exchange rate volatility has been estimated and then, the impacts of this variabble with other explanatory variabbles such as entry of real shareholders, profit margin, capital and interest rate to the operational profit, have been examined on return on assets in these companies. The empirical results of model estimation by GMM estimator revealed that the exchange rate volatility has negative and entry of real shareholders has positive and significant effect on the return on assets. Moreover, the auxiliary variables like profit margin, capital and interest rate have positive, positive and negative effects on the return on assets. By results of this study, we can suggest that the financial policy makers with decreasing of exchange rate volatility through control of domestic prices and capital market stabilization policies, motivate real shareholders to enter the capital market and increase the production and profitability of food and drink companies.
Research Interests:
Research Interests:
Research Interests:
Research Interests:
Research Interests:
Research Interests:
Research Interests:
The main Purpose of this paper is to investigate the impact of monetary regime and exchange rate volatility on the exchange rate pass-through in two subsets of countries with the inflation targeting versus exchange rate as nominal anchor... more
The main Purpose of this paper is to investigate the impact of monetary regime and exchange rate volatility on the exchange rate pass-through in two subsets of countries with the inflation targeting versus exchange rate as nominal anchor over the period of 1999-2010. To conduct this study, the empirical model has been estimated by dynamic panel data approach and GMM estimator. The main findings of this paper show that exchange rate volatility has positive effect on the import prices in the two groups of countries. In addition, the results of model estimation reveal that the interaction effect of monetary regime with nominal effective exchange rate has positive and negative effects on the import price index in the first and second group of countries respectively. The overall conclusion suggests that the impact of monetary regime on the exchange rate pass-through under exchange rate volatility is higher if it is accompanied with exchange rate anchor in comparing with inflation targeti...
Research Interests:
Research Interests:
Research Interests:
Current economic policy planning places much emphasis on balancing development and environmental protection. Hence, it is important to determine the drivers of environment pollution from the theoretical, scientific, and policymaking... more
Current economic policy planning places much emphasis on balancing development and environmental protection. Hence, it is important to determine the drivers of environment pollution from the theoretical, scientific, and policymaking aspects in the context of continuous economic growth. This paper investigates the factors affecting per capita CO 2 emissions in 30 provinces in Iran from 2009 to 2014 with emphasis on spatial spillover effects using the Spatial Durbin Model. The findings show that per capita CO 2 emissions are positively and significantly affected by per capita GDP, industrialization, and urbanization but negatively affected by changes in population. The results of the spatial section of the model indicate that both the more and the lesspolluted provinces tend to cluster together, indicating positive spatial dependence for CO 2 emissions in the provinces. Also, the spatial spillover of per capita GDP and the growth of urbanization have a negative and significant effect on per capita CO 2 emissions in the provinces, while the spatial effect of changes in population is significant but positive. In other words, the economic development and rise in urbanization in one province are the results of changes in pollution levels in neighboring provinces.
Suitable economic growth has always been one of the priorities of any economic system. Meanwhile, economists have tried to achieve this goal by determining the factors affecting economic growth. At first, the main emphasis was on the... more
Suitable economic growth has always been one of the priorities of any economic system. Meanwhile, economists have tried to achieve this goal by determining the factors affecting economic growth. At first, the main emphasis was on the physical capital and labor force, and the natural resources management. However, institutional factors, including natural resource management, emerged as a determinant of economic growth. In this regard, in this paper, the effect of institutions and management of natural economic resources on GDP per capita as a proxy for economic growth have been investigated by applying spatial regression models and Durbin model in the D8 countries during the period of 1996-2019. The empirical results of model estimation showed a positive and significant effect of natural resource management on economic growth of these countries. Moreover, the effect of physical capital, human capital, foreign investment accumulation and natural resources on economic growth is positive and significant. In addition, the effect of neighborhood and spillover impact of institutional quality on the economic growth has been confirmed in D8 countries.
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The main purpose of this paper is to examine the impact of exchange rate unification policies on the domestic price in Iran using a co-integration approach between 1971and 2002. For doing this, a weighted average of exchange rate under... more
The main purpose of this paper is to examine the impact of exchange rate unification policies on the domestic price in Iran using a co-integration approach between 1971and 2002. For doing this, a weighted average of exchange rate under the multiple exchange rate regimes is used as a proxy for the unified exchange rate. The impact of this unified exchange rate on the domestic price alongside with other variables is evaluated by multivariate Johansen’s co-integration technique. The main finding indicates that the unified exchange rate has a positive effect on the domestic price in Iran. In other words, the move from multiple exchange rate system to unified exchange rate maybe accompanied with inflationary pressure.
Research Interests:
The mutual relationship between monetary and fiscal policies and value at risk is one of the most important topics in the financial economics literature and accounts for the vast majority of empirical studies. Therefore, the main... more
The mutual relationship between monetary and fiscal policies and value at risk is one of the most important topics in the financial economics literature and accounts for the vast majority of empirical studies. Therefore, the main objective of this paper is to investigate the effects of monetary and fiscal policies on conditional value at risk in the financial sectors of the stock exchange, bank and insurance during the years 1995-2017. For this purpose, by quantile regression method and in the form of Adrian and Brunnermeier approach, the conditional value at risk of these three financial sectors is estimated and then by using the seemingly unrelated regression equation approach in panel data evaluated the effect of liquidity money variables. The interest rate on facility payments, the real exchange rate, the government's budget deficit, real GDP growth, and the degree of economic openness are subject to conditional risk. The results of the model estimation indicate the signific...
Research Interests:
he main purpose of this paper is to examine the impact of exchange rate unification policies on the domestic price in Iran using a co-integration approach between 1971and 2002. For doing this, a weighted average of exchange rate under the... more
he main purpose of this paper is to examine the impact of exchange rate unification policies on the domestic price in Iran using a co-integration approach between 1971and 2002. For doing this, a weighted average of exchange rate under the multiple exchange rate regimes is used as a proxy for the unified exchange rate. The impact of this unified exchange rate on the domestic price alongside with other variables is evaluated by multivariate Johansen's co-integration technique. The main finding indicates that the unified exchange rate has a positive effect on the domestic price in Iran. In other words, the move from multiple exchange rate system to unified exchange rate maybe accompanied with inflationary pressure.
Research Interests:
he main Purpose of this paper is to investigate the impact of monetary regime and exchange rate volatility on the exchange rate pass-through in two subsets of countries with the inflation targeting versus exchange rate as nominal anchor... more
he main Purpose of this paper is to investigate the impact of monetary regime and exchange rate volatility on the exchange rate pass-through in two subsets of countries with the inflation targeting versus exchange rate as nominal anchor over the period of 1999-2010. To conduct this study, the empirical model has been estimated by dynamic panel data approach and GMM estimator. The main findings of this paper show that exchange rate volatility has positive effect on the import prices in the two groups of countries. In addition, the results of model estimation reveal that the interaction effect of monetary regime with nominal effective exchange rate has positive and negative effects on the import price index in the first and second group of countries respectively. The overall conclusion suggests that the impact of monetary regime on the exchange rate pass-through under exchange rate volatility is higher if it is accompanied with exchange rate anchor in comparing with inflation targeting strategy.