Capital Market Equilibrium in the Islamic Economy
Abbas
Asari
Assistant Professor of Tarbiyat Modares University
author
Mohsen
Khezri
M. A. Student in Economics, University of Tarbiyat Modares University
author
Ahmad
Rasooli
M. A. Student in Economics, University of Tarbiyat Modares University
author
text
article
2010
per
This paper by modeling the behavior of economic agents in an Islamic economy anddevelop a general equilibrium model investigates the capital market equilibrium inan Islamic Economy. Accordingly, have tried to determine the capital marketregulator variable, by determine the affecting factors on supply and demand ofcapital in an economy without interest. According to result, in compared with aneconomy with interest, that determined exogenous interest rates in the money marketis regulator for capital market, variable profit sharing ratio of families in theproductive partnership is earned as a capital market endogenous regulator variable inan economy without interest. Also in this article, capital market equilibrium point,maximum production point of producers is obtained, which means more investmentin an economy interest-free to the economy is with interest.
Journal of Iran's Economic Essays (JIEE)
Research Institute of Hawzah and University; "Hawzah wa Dāneshgāh Research Institute"
1735-3300
7
v.
14
no.
2010
9
35
https://iee.rihu.ac.ir/article_245_b0ff5922689130141b1d5fd08d7d3462.pdf
Systemic Survey on Bank Profit Determination in Iran
Mehdi
Razavi
Professor of Economics, Shaid Beheshti University
author
Smaeil
Shamsiyan
M. A. Student in Programming of Economic Systems, Shaid Beheshti University
author
text
article
2010
per
This research aims to comprehensive recognition and study on Islamic banking, toassign bank profit and its main factors. It is done by means of Interpretive StructuralModeling (ISM) in order to propose a systemic analysis which is intended to becomplete and adopted to reality. The results of this research pose that there are someimportant economic factors in practical pattern of Islamic banking. The mentionedfactors affect profit of deposits, they may interact with each other, then they getreinforced or weakened while affecting the profit.
Journal of Iran's Economic Essays (JIEE)
Research Institute of Hawzah and University; "Hawzah wa Dāneshgāh Research Institute"
1735-3300
7
v.
14
no.
2010
37
67
https://iee.rihu.ac.ir/article_246_95a839be8a10c89dc41c385f3b7976dd.pdf
Economic Crimes, Income Inequality and Economic Development: The Case of Iran (1983-2006)
Ali Hussein
Samadi
Assistant Professor of Economics, Department of Economics, University of Shiraz, Shiraz, Iran
author
Javad
Amareh
Master of Economics, Graduated from Shahid Chamran University of Ahwaz
author
text
article
2010
per
Main target of this article is investigating the causality, long-run and short-runrelationships between economic crimes, income inequality, poverty and economicdevelopment for Iranian economy in 1983-2006 period. The results of Engel-Granger, Johansen-Juselius, and Pesaran, et al. (2001) cointegration tests and alsoToda-Yamamoto causality test shows that:1. There is no long-run relationships between poverty, development, incomeinequality and economic crimes.2. Results of Toda-Yamamoto causality test shows a bilateral causality betweenpoverty and economic crimes. Also, there is no causality between income inequalityand economic crimes.The article recommendation is to faster the economic growth, and adapting pro-poorpolicies for decreasing economic crimes.
Journal of Iran's Economic Essays (JIEE)
Research Institute of Hawzah and University; "Hawzah wa Dāneshgāh Research Institute"
1735-3300
7
v.
14
no.
2010
69
92
https://iee.rihu.ac.ir/article_247_09a27a6a099e853c0c631a568b61064f.pdf
Credit Risk Rating Model of Developing Countries by Independent Component Analysis
Mohammad Taghi
Gilak Hakimabadi
Assistant Professor of Economics, University of Mazandaran, Babolsar, Iran, Department of Economics
author
Ahmad
Jafari Samimi
Professors of Economics, University of Mazandaran, Babolsar, Iran, Department of Economics
author
Masih
Molana
M. A. Student in Economics, University of Mazandaran, Baoblsar, Iran
author
text
article
2010
per
The main purpose of the current paper is to introduce a model to rate credit risk indeveloping countries. Since there is no comprehensive theory for evaluation ofcountry credit risk and no complete transparency on the process of rating credit riskby involved institutions then the first aim of the research is to find variables whichhave most impact on country risk. To gain this purpose, twenty eight financial andeconomical variables having most impact on rating country risk, based on relevanttheories and previous researches, will be selected. Then by applying "IndependentComponent Analysis (ICA)" we could find nine variables out of twenty eight onesthat have most influence on rating country risk between 2002-2006. Results showsthat ratio of gross fixed investment to the GDP and percentage of total external debtto the export have positive and negative effect on countries rating. Finally estimationof the model shows this model has the ability to justify 96% of the variance incountry credit rating (based on the results provided by Fitch and S&P institutes).
Journal of Iran's Economic Essays (JIEE)
Research Institute of Hawzah and University; "Hawzah wa Dāneshgāh Research Institute"
1735-3300
7
v.
14
no.
2010
93
115
https://iee.rihu.ac.ir/article_248_fbf77b5ea1c284487f08bb8f33d38e50.pdf
Pension System Reform and it's Effects on Income Distribution, Poverty and Capital Accumulation: An Application For Iran
Majid
Dashtban Faroji
Ph.D. Student of Economics at Isfahan University
author
Saeed
Samadi
Assistant Professor of Economics at Isfahan University
author
Rahim
Dallali Isfahani
Associat Professor of Economics at Isfahan University
author
Mahanosh
Abdollahe Milani
Assistant Professor of Economics at Allameh Tabatabai University
author
text
article
2010
per
Lack of data, income or solely precautionary considerations have caused people actdifferently in their life cycle rather than what is expected of them. These differences aremainly related to educational levels, production capacity and their differential pensionconditions. The assumption is that people have planned for their old age throughdifferent forms of savings at earlier stages of life. Since this may not happen, the aim ofsocial security programs is to solve retirees problem that cannot compensate their incomedeficit. This paper analyses and simulates Iran’s Pension System by using an overlappinggenerations model. Thus, we study the effects of transition from the Pay-As-You-GoPension to the Fully Funded Pension System on capital accumulation, incomedistribution and poverty. Simulation results show that in addition to higher levels oflifetime utility, The Fully Funded Pension System compared to Pay-as-you-go provides ahigher physical capital accumulation for the economy. The transition to Fully FundedSystem creates two different and opposite effects on poor people. On one hand, poorpeople economic conditions deteriorate and on the other hand, since they receive returnson their savings, they have an opportunity to be placed in a better situation, because theFully Funded System enable them to have an access to financial institutions.
Journal of Iran's Economic Essays (JIEE)
Research Institute of Hawzah and University; "Hawzah wa Dāneshgāh Research Institute"
1735-3300
7
v.
14
no.
2010
117
151
https://iee.rihu.ac.ir/article_249_7b19e772957a3a2cbeefa5396c3ee607.pdf
Distribution of Income Earned from Production Process
Mohammad Hussein
Karami
Faculty Member of The Research Institute of Seminary and University, Department of Economics
author
text
article
2010
per
The present essay deals with-among different types of distribution - "the distributionof product among production factors" and suggests two important ideas:First, it is not possible to claim with certainty that in a perfect competitive market,final output of a factor shows its added value and participation rate in production. It istrue if some presuppositions being considered i.e.; not only getting assured thatproduction function is homogenous but also not a specific rate of factors influences theadded value. Accepting a fixed output, a product is earned from the added value of allfactors, but separating the added value of each factor is not possible by final output.Second, in Muslim scholar's point of view, justice necessitates that the owners ofproduction factors demand their share to the extend they participate in theproduction of a product, the role they play in it and the rate of added value theycreate. It can't be claimed that their added value is equal with their final output.
Journal of Iran's Economic Essays (JIEE)
Research Institute of Hawzah and University; "Hawzah wa Dāneshgāh Research Institute"
1735-3300
7
v.
14
no.
2010
153
169
https://iee.rihu.ac.ir/article_250_2640587791c624d5ea13caac5929814b.pdf
Application Investigation of Genetic- Nelder-Mead Hybridized-Heuristic Algorithm in Portfolio Optimization
Mohammad Ali
Molaei
Assistant Professor, Department of Industrial Engineering and Management, Shahrood University of
Technology, Shahrood, Iran
author
Arash
Talebi
MBA Student, Department of Industrial Engineering and Management, Shahrood University of
Technology, Shahrood, Iran, Corresponding Author
author
text
article
2010
per
Markowitz portfolio model still is the dominant approach in the investment profession andscientific approaches. Contrary to the growing use of portfolios and in spite of the richliterature on the subject, there are some problems and unanswered questions. How toselect the stocks of a portfolio is a matter of controversy; besides, the approach tooptimize the selected potfolio is a sub-group of this controversy. The aim of this work isto be a useful instrument for helping finance practitioners and researchers with theportfolio selection problem. While investigating major methods ever used in optimization,classics and heuristics, a hybridized algorithm, consisting of the combination of twoheuristic algorithms, is applied to the portfolio selection problem in this paper. Portfoliosare selected and optimized in Tehran stock exchange for the stocks of top 35 companiesout of top 50 companies. The results indicate that the hybridized algorithm is adaptable tothe portfolio selection problem, and in contrast to optimization via genetic algorithm, thehybridized algorithm holds a better convergence speed and owns a more reasonable riskreturnperformance. The research findings also show that in a comparison between thehybrid-based constructed portfolios, although the convergence speed and degree ofdiversification for the monthly selected portfolio outperforms the other one, the annualselected portfolio holds a better performance from risk-return point of view.
Journal of Iran's Economic Essays (JIEE)
Research Institute of Hawzah and University; "Hawzah wa Dāneshgāh Research Institute"
1735-3300
7
v.
14
no.
2010
171
204
https://iee.rihu.ac.ir/article_251_15e935843663ec3e0c4d54c14e2f301a.pdf