List of Articles ساختار مالی

• Open Access Article
  • Abstract Page
  • Full-Text
  
  1 - FINANCIAL STRUCTURE-ECONOMIC GROWTH NEXUS IN MENA COUNTRIES: EVIDENCE FROM PANEL DATA APPROACH
  مهدی  تقوی تیمور  محمدی عباس  شاکری Mohammad نصر اصفهانی
  The financial structure is always considered as a major factor responsible for economic growth in a country. Based on various economic theories, there would be a positive relationship between the financial system and economic growth rate. In fact, a country with a bette More

  The financial structure is always considered as a major factor responsible for economic growth in a country. Based on various economic theories, there would be a positive relationship between the financial system and economic growth rate. In fact, a country with a better financial system can generate a larger Gross Domestic Product (GDP) which stands for a positive economic growth. However, it should be noted here that in the real world, there is not homogeneity in financial mechanism and economic growth, hence, we cannot completely set theory in the reality. According to this brief state of the problem, the main purpose of this research is exploring the financial structure (i.e. Financial development and financial architecture ) – economic growth nexus through the Panel Cointegraiton approach, FMOLS and Panel LS estimations over 19802011 for eight countries in the MENA region. The empirical findings report clear support for the long run relationship between financial development and economic growth, while do not provide any statistically significant relationship between financial architecture and economic growth. Manuscript profile
• Open Access Article
  • Abstract Page
  • Full-Text
  
  2 - Explaining the Role of Insurance in Developing Financial Institutions and Economic Growth in Selected Countries Using Dynamic panel Data Regression Methods and Generalized Momentum Estimation (GMM)
  Mohammad Nasr Isfahani Teimour   Mohammadi
  One of the key factors of countries’ planning in order to reach a stable long-term economic growth is existence of a proper financial market. Based on economic literature, efficient financial markets can positively affected economic growth of a nation. Furthermore, inve More

  One of the key factors of countries’ planning in order to reach a stable long-term economic growth is existence of a proper financial market. Based on economic literature, efficient financial markets can positively affected economic growth of a nation. Furthermore, investigation of effects of insurance which under a favorable financial market can make a direct and indirect influences on economic growth is mainly crucial for scholars. The main purpose of this study is to find out the effects of insurance and financial Structure on economic growth of 40 selected countries using a panel data approach over the period of 2000-2012. The results revealed that financial structure in some cases has significant effect, while in a number of cases, it shows insignificant impact. Also, the financial development index has a negligible negative effect on the economic growth of advanced countries and in the same way, this variable in MENA countries has a negative impact on economic growth. Moreover, this variable has various coefficients in several groups of countries. Furthermore, the findings depicted a positive significant effect of insurance on economic growth in advanced economies, while it negatively affects the economic growth in American nations. Manuscript profile
• Open Access Article
  • Abstract Page
  • Full-Text
  
  3 - Tax exemptions; It’s Effects and Revenue Capacity in the General Government Budget
  Younes Teymouri
  The main consider in this study is the subject of tax exemptions. The purpose of this study is to identify exemptions, analyze the consequences and estimate their revenue capacity in the budget. Considering the structure and public policies of several representative cou More

  The main consider in this study is the subject of tax exemptions. The purpose of this study is to identify exemptions, analyze the consequences and estimate their revenue capacity in the budget. Considering the structure and public policies of several representative countries (USA, Britain, Sweden and Germany) along with Iran, It was concluded that the tax structure of countries derives from mechanisms formed within society such as institutional- political and social structure. Comparison of countries shows us that the tax structure of Iran is very similar to the structure of the United States, The most important feature of which is being particularistic and having high tax expenditures, including widespread exemptions. In addition, The fragmentation of tax decision- making among Iran’s tax policymakers is one of the reasons that without going into details of explaining the Benchmark Tax System, leads us to accept the fact that a large part of exemptions deviate from Benchmark Tax System and they are part of the tax expenditures of the government budget. Identifying tax exemptions shows that these exemptions are widespread, vague, particularistic, inefficient and discriminatory. Inefficiency and discrimination have penetrated even at the sectoral level, And in particular the manufacturing sector of the industry in comparison with services sector has suffered seriously. Also, estimating the amount of potential revenues by taking into account some important tax exemptions, shows that value of the tax capacity of these exemptions is about 80 thousand billion Tomans, which covers approximately 18 percents of the deficit budget in 1400 Manuscript profile
• Open Access Article
  • Abstract Page
  • Full-Text
  
  4 - Tax exemptions; It’s Effects and Revenue Capacity in the General Government Budget
  Younes Teymouri محمدجواد  محسنی‌نیا
  Younes Teymouri Mohammad Javad Mohseninia Abstract The main consider in this study is the subject of tax exemptions. Exemptions in the economic literature are considered as part of tax expenditures in the government budget. The purpose of this study is to ide More

  Younes Teymouri Mohammad Javad Mohseninia Abstract The main consider in this study is the subject of tax exemptions. Exemptions in the economic literature are considered as part of tax expenditures in the government budget. The purpose of this study is to identify exemptions, analyze the consequences and estimate their revenue capacity in the budget. What is referenced in identifying exemptions is the Benchmark Tax System, which is based on public tax policies in society. Considering the structure and public policies of several representative countries (USA, Britain, Sweden and Germany) along with Iran, It was concluded that the tax structure of countries derives from mechanisms formed within society such as institutional- political and social structure. Comparison of countries shows us that the tax structure of Iran is very similar to the structure of the United States, The most important feature of which is being particularistic and having high tax expenditures, including widespread exemptions. In addition, The fragmentation of tax decision- making among Iran’s tax policymakers is one of the reasons that without going into details of explaining the Benchmark Tax System, leads us to accept the fact that a large part of exemptions deviate from Benchmark Tax System and they are part of the tax expenditures of the government budget. Identifying and classifying tax exemptions-that now viewed as tax expenditures- based on economic sectors, shows that these exemptions are widespread, vague, particularistic, inefficient and discriminatory. Such unfavorable characteristics have negative and profound consequences in both macro and sectoral levels for the country’s economy. Inefficiency and discrimination have penetrated even at the sectoral level, And in particular the manufacturing sector of the industry in comparison with services sector has suffered seriously. Losing of part of financing resources in government budget as a result of granting exemptions is another part of the damage of privileges. Estimating the amount of potential revenues by taking into account some important tax exemptions, shows that value of the tax capacity of these exemptions is about 80 thousand billion Tomans, which covers approximately 18 percents of the deficit in the operational balance of the government approved budget in 1400. Manuscript profile