3 research outputs found
Comparison of the Effect of Financial Integration on Economic Growth of Developed and Developing Countries: Empirical Evidence from Generalized Method of Moments
The wide range of impact has transformed economic growth into one the most important key variables in macroeconomic theories. In this survey, according to the hypothesis and empirical results of Grilli & Feretti (1995), the effect of financial integration on the growth of selected developed and developing countries during (2000-2010) has been examined.For this aim, panel data based on generalized method of moments (GMM) is used to examine the model. This survey showed that the effect of financial integration (net foreign assets as a measure of financial integration) on economic growth in two groups of surveyed countries is not the same. Based on the results of this survey, the financial integration in the selected countries of the Organization for Economic Cooperation and Development (OECD) has a positive effect and in the selected countries of the Middle East and North Africa has a negative effect on economic growth. Therefore, it seems that the level of financial market development and the degree of homogeneity of these markets between countries play a decisive role in the impact of financial integration on economic growth
The Impact of Infrastructure and Utilization to ICT on Poverty: A Case Study of Selected Middle-Income Countries
The main purpose of this paper is to examine the impact of different aspects of ICT on poverty in selected middle-income countries. The required data for the period 2003-2013 has been extracted from official and credible sources and model is estimated using the panel data technique, The poverty headcount ratio selected as the dependent variable and ICT variables such as the infrastructure sector including fixed and mobile phone subscribers the spending on hardware and software and benefit sector including broadband Internet subscribers and the percentage of people who use the Internet, as well as, the control variables including the Gini coefficient , inflation rate, the globalization index and corruption index has selected as explanatory variables. The results show that the net effect of ICT variables has a negative effect on poverty indicator and the final effect of ICT variables depend on complementary factors. This means that educational expenditures per capita and GDP per capita accelerate the impact of ICT on poverty. Control variables including corruption index and globalization index and inflation index have a negative and significant impact and Health expenditure per capita variable and index of GINI have a positive and significant impact on poverty
Symmetry test of the effect of monetary policy on the performance of commercial banks in the Mena region
The banking sector is an important sector in the economy; Because the financial needs of other sectors are met by the banking system. Thus, macroeconomic performance depends on the performance of the banking sector. The purpose of this paper is to test the symmetry of the effect of monetary policy on the performance of commercial banks (profitability with return on assets and net profit margins and efficiency with cost-to-income ratio) as well as GDP, volume of facilities granted by state and non-state banks in countries. (MENA) has been reviewed. For this purpose, the threshold vector autoregression method (TVAR) and quarterly data for 2013-2018 were used. Based on the results, the effects of positive and negative monetary and credit shocks on asset returns, net profit margin, cost-to-income ratio, GDP, volume of facilities granted by state and non-state banks in terms of direction and intensity The effectiveness of these two regimes is different. Therefore, it can be concluded that the effect of monetary policy and inflation on the above variables is asymmetric in both high and low production regimes