Tax on Land Rent and Capital Housing: General Equilibrium Approach
hojjat
izadkhasti
Shahid Beheshti University
author
text
article
2017
per
In the absence of effective government in land and housing market and a high share of private sector in its interactions lead to non-optimal allocation of resources, demand speculation, land and housing price bubbles, reducing the purchasing power of households and increasing the share of housing costs. Thus, a tax on land rent can be reduced inefficiencies in land and housing market. In this study, analysis the economic impact of tax on land rent and capital housing in the framework of a general equilibrium model in Iran. Results from equilibrium of sensitivity model indicates that by increasing the tax rate on land rent and capital housing from zero to 25%, the equilibrium ratio of non-housing goods to housing demand increased from 1.364 to 1.423. Also, with same rate of tax on land rent and capital housing, the equilibrium ratio of capital to land demand to produce goods for housing equal 2.946 and constant. Finally, the equilibrium ratio of capital to land and labor demand to produce goods for non-housing increased from 7.422, 3.214 to 10.144 and 3.758 respectively.
Quarterly Journal of Quantitative Economics
Shahid Chamran University of Ahvaz
2008-5850
14
v.
3
no.
2017
1
25
https://jqe.scu.ac.ir/article_13265_ff9bba5d4444061bb9db1012dcc6172f.pdf
dx.doi.org/10.22055/jqe.2017.18431.1423
Investigation Monetary shocks and Trade Balance Puzzle in the Selected Organization of Islamic Conference Member Countries
hashem
zare
Department of Economics, Shiraz Branch, Islamic Azad University, Shiraz, Iran
author
samaneh
norani azad
Assistant Professor of Economics, Payame noor University, Tehran, Iran
author
maryam
norani azad
Master of Economics, researcher (corresponding Author)
author
text
article
2017
per
The trade balance puzzle is one of the subjects which have been concerned for many economists in different countries, this puzzle point to improve in the trade balance in the short run and worse that in the long run in response to devaluate of domestic currency. This study is attempt to investigation trade balances puzzles in Organization of Islamic Conference (OIC) member Countries which have exchange rate market system similar to Iran market. The results from IRFs in three selected countries, Iran, Gambia and Tunisia reveal that trade balances worse in the short run and improve in the long run. In fact the findings haven’t accepted inverse j-curve or trade balance puzzles in three countries. Also the results from variance decomposition reveal that expansionary money shocks have the most effect on trade balances in selected countries.
Quarterly Journal of Quantitative Economics
Shahid Chamran University of Ahvaz
2008-5850
14
v.
3
no.
2017
27
47
https://jqe.scu.ac.ir/article_13266_4ddcd02d8ed068142a6c23733fd1a8e8.pdf
dx.doi.org/10.22055/jqe.2017.18649.1433
Estimating Household Affordability to Choose Food in the Provinces of Iran and Impact of Economic Factors on it
فاطمه
باقرزاده آذر
دانشگاه تبریز
author
رضا
رنجپور
دانشگاه تبریز
author
زهرا
کریمی تکانلو
دانشگاه تبریز
author
text
article
2017
per
Affordability to buy and choose food is a basic need for the developed country and key element of mental and physical health. In this regard, its status in provinces of Iran by an approach based on Human Development Index is computed and estimated economic variables on it by Dynamic Panel Data method during 2006- 2013. The result suggests that Khorasan Razavi as best food production has the best performance in affordability. Also, economic growth is a positive factor in strengthening and population and food consumption price is negative factors in improving affordability. . . . . . . . . . . .
Quarterly Journal of Quantitative Economics
Shahid Chamran University of Ahvaz
2008-5850
14
v.
3
no.
2017
49
72
https://jqe.scu.ac.ir/article_13267_fc4a4a9a60179299970928186300a4d1.pdf
dx.doi.org/10.22055/jqe.2017.19924.1509
The impact of economic freedom on foreign direct investment in selected countries with a dynamic panel approach
یوسف
محمدزاده
دانشیار دانشگاه ارومیه
author
Jafar
Yahyavi
دانشیار دانشگاه ارومیه
author
text
article
2017
per
Investment of the main sources of growth and economic development. Therefore, the investment determinants is one of the most important fields of economists staduies. The aim of this paper is to examine the impact of economic freedom to attract foreign direct investment. For this purpose, we used a sample of selected countries in the period 1985-2014 with dynamic panel data approach and generalized method of moments (GMM). For the accurate measurement of both the Heritage Foundation Index of Economic Freedom (Index combines 10 indicators of economic freedom) and Fraser Foundation (index composed of 5 groups of indicators of economic freedom) is used. The results of desired models, show a significant and positive impact of economic freedom (with both define) In contrast, less government presence in the economy on attracting FDI. In this study also examines the effects of other variables effect on by FDI. The results show that globalization human capital have a significant and positive impact on foreign direct investment in the sample and ultimately inflation have a changing negative effect and significant on FDI.
Quarterly Journal of Quantitative Economics
Shahid Chamran University of Ahvaz
2008-5850
14
v.
3
no.
2017
73
103
https://jqe.scu.ac.ir/article_13268_1ba0c87f129a2f4c78d63b158be5980a.pdf
dx.doi.org/10.22055/jqe.2017.18670.1436
The Effect of Government Spendings on Private Investment Separation of Machines and Building Sectors in the Iran Economy (with SVAR Approach)
Roohollah
Babaki
PhD student of Economics, Ferdowsi University of Mashhad
author
Masoud
Homayunifar
Associate professor of Economics, Ferdowsi University of Mashhad
author
Mohammad Hosein
Mahdavi Adeli
Professor of Economics, Ferdowsi University of Mashhad
author
Mostafa
Salimifar
Professor of Economics, Ferdowsi University of Mashhad
author
text
article
2017
per
The relationship between governmental and private investment is a central issue in both macroeconomics and development economics. Thus, this paper studies the effects of current and development spending of government on pri? vate investment in machinery and building sectors in Iran economy over the period 1990: 2 - 2014: 1 by using the structural vector Auto Regressive (SVAR). Also this paper surveies the dynamics of system using impulse response function (IRF) and the relative importance of random impulses using analysis of variance decomposition (VD) of prediction error. The results show that both the current and development spending in the long-term have crowding-in effect (Positive effect) on private investment in machinery and they are complement (of course without budget deficit). However, the current and development spending of government have crowding-out effect (negative effect) on private investment in the building sector.
Quarterly Journal of Quantitative Economics
Shahid Chamran University of Ahvaz
2008-5850
14
v.
3
no.
2017
105
135
https://jqe.scu.ac.ir/article_13269_af3efdc0da1b2d2f0194d33a916b022f.pdf
dx.doi.org/10.22055/jqe.2017.18152.1406
Importance of Educational Services on Iran Economic Production and Selected Countries
اسفندیار
جهانگرد
عضو هیات علمی دانشکده اقتصاد دانشگاه علامه طباطبایی- تهران
author
الهه
میثاقی فر
بیکار
author
text
article
2017
per
Education sector in product cycle like other sectors needs productions which produced by other economic sectors for product services. On the other hand, the produced services of education sector consumed by other sectors. In economics, education is considered to be a sector in its own right and one way of looking at which is through the give and take model in order to determine the mutual impact of different sectors. The present research in one shot-term model education sector quantitatively and comparatively, Iran, India, Japan, Germany and Australia were investigated during, 1385, 2004, 2005, 2005 and 2005, respectively. Using this model, the importance of education on the production of economic activities is calculated through hypothetical extraction method to identify the function of education in each country on the production system. The results indicated that from the output or production value viewpoint, the maximum and minimum production loss resulting from the elimination of education service in Leontief demand model was related to Australia and India Similarly the maximum and minimum production loss in gosh supply model was related to Germany and Iran Countries.
Quarterly Journal of Quantitative Economics
Shahid Chamran University of Ahvaz
2008-5850
14
v.
3
no.
2017
137
159
https://jqe.scu.ac.ir/article_13270_70ec526ae163acfe05fccc179706b1a0.pdf
dx.doi.org/10.22055/jqe.2017.20293.1526
The Effect of Governance Index on Inflation in Selected Countries of G77
ابوالفضل
شاه آبادی
دانشگاه بوعلی سینا
author
behzad
Amiri
Assistent Professor, Arak University, Arak, Iran
author
مهسا
گنجی
دانشگاه رازی کرمانشاه
author
text
article
2017
per
Inflation is one of macroeconomic variables and in the economic planning; special attention is placed on it. Inflation could cause undesirable phenomena economic-social such as poverty, inequality and corruption. In study the creator and controller factors of inflation, there have been many discussions and factors such as monetary variables, excess demand and structural factors are discussed. One of the factors that could effect on inflation is economic security through such stability in the rules, create reassure among entrepreneurs, and reduce corruption and rentier. In this regard, in this study authors investigate effect of governance index on inflation among selected countries of G77 for period 1996-2015. The results indicate that governance index on inflation has negative and significant effect. Also, the results show that effect of variables of expected inflation, difference of liquidity growth rate and economic growth rate and natural resources have positive and significant effect on inflation. The interaction of variables governance index with natural resources on inflation is positive and significant.
Quarterly Journal of Quantitative Economics
Shahid Chamran University of Ahvaz
2008-5850
14
v.
3
no.
2017
161
185
https://jqe.scu.ac.ir/article_13271_da88c5044ac7617c0037caef6d929750.pdf
dx.doi.org/10.22055/jqe.2017.18817.1448
The Effect of Endogenous Reaction of Monetary Authorities to an Oil Shock on Internal and External Sectors in an Oil Exporting Country: The Case of Iran
فاطمه
دمیری
دانشگاه شیراز
author
کریم
اسلاملوییان
دانشگاه شیراز
author
ابراهیم
هادیان
دانشگاه شیراز
author
رضا
اکبریان
دانشگاه شیراز
author
text
article
2017
per
The way monetary authorities conduct policy has important implication for reducing the adverse effect of oil shocks on internal and external sectors of an oil exporting country. The change in money supply resulted from an oil shock, requires an endogenous reaction of monetary authorities. In other words, monetary authorities can conduct an active or passive policy in response to oil price changes. In the case of active policy, they should conduct a contractionary monetary policy when there is positive increase in oil price. This active policy can be either unanticipated or anticipated. The main goal of this paper is to develop and solve a New Keynesian Dynamic Stochastic General Equilibrium model for an open economy in order to study the effect of monetary authorities’ reaction to oil shock on external and internal sectors of Iran as an oil exporting country. The calibration results show that the effect of a positive oil shock on inflation is higher in the case of anticipated monetary policy compared with the case when the monetary policy is unanticipated. However, we find out that the effect of oil shock on output and investment is independent of way the monetary policy is conducted. Moreover, positive oil shock decreases the ratio of non-oil trade balanced to GDP but increases the ratio of trade balanced to GDP. These effects are intensified when monetary policy is anticipated. This shows that the way that monetary authority reacts to an oil shock affects inflation and the ratio of trade balance to GDP.
Quarterly Journal of Quantitative Economics
Shahid Chamran University of Ahvaz
2008-5850
14
v.
3
no.
2017
187
213
https://jqe.scu.ac.ir/article_13272_8af44630d96cea850a2454c666257fde.pdf
dx.doi.org/10.22055/jqe.2017.19185.1469