Investigating the Effects of Regulation of Iran Mercantile Exchange on Goods Price Growth

Document Type: Research Paper


Department of Economics, University of Isfahan, Isfahan, Iran.


One of the important socioeconomic tasks of governments is regulation. Regulation literature focuses on government intervention in the market for regulating the amount of production and distribution of a commodity, which can lead to the determination of the structure and rules governing the market. A commodities exchange is one of the most important regulatory agencies, which, by providing a convenient, transparent and observable trading system, is customary for the flow of government-specific regulations on commodities. The aim of the present study is to test the regulatory results of supply of products in the commodities exchange. To this end, the percentage increase in the price of 12 commodities traded on the commodities exchange was compared with 21 off-exchange trades using the Propensity Score Matching technique, Caliper and Radius Matching technique, and Bootstrap Standard Deviation. According to the obtained results, the supply of commodities on the Iran mercantile exchange has led to a decrease in their price growth compared to similar commodities outside the Iran mercantile exchange. As a result, using regulatory agencies such as the commodities exchange will increase production and welfare of the society.


Article Title [Persian]

بررسی اثرات تنظیم‌گری بورس کالای ایران بر رشد قیمت کالاها

Authors [Persian]

  • سعید صمدی
  • مصطفی مبینی دهکردی
  • علیرضا کمالیان
  • احسان محمدزاده
  • مهدی کارنامه حقیقی
گروه اقتصاد، دانشگاه اصفهان، اصفهان، ایران.
Abstract [Persian]

یکی از وظایف مهم اقتصادی-اجتماعی دولت ها انجام تنظیم‌گری است. ادبیات تنظیم‌گری بر دخالت دولت در بازار به منظور تنظیم میزان تولید و توزیع یک کالا تمرکز دارد که در پی آن می‌تواند منجر به تعیین ساختار و قواعد حاکم بر بازار شود. بورس کالا یکی از مهم‌ترین نهادهای تنظیم‌گری است که به طور متعارف با فراهم کردن یک نظام داد و ستد مناسب، شفاف و قابل رصد موجب جریان تنظیمات مورد نظر دولت ها بر کالاها می‌شود. هدف این پژوهش آزمون نتایج تنظیم‌گری ورود کالاها در بورس کالای ایران است. بدین‌منظور درصد افزایش قیمت 12 کالایی که در بورس کالا داد‌و‌ستد می‌شوند با 21 کالای خارج از بورس با روش مچینگ ضریب تمایل به همراه تکنیک شعاع و پرگار و انحراف‌معیار بوت استرپی مقایسه شد. نتایج بدست‌آمده حاکی از آن است که عرضه‌ی محصولات در بورس کالا، موجب کاهش رشد قیمت آن‌ها در مقایسه با کالاهای مشابه خارج از بورس شده است. از‌این‌رو استفاده از نهادهای تنظیم‌گر مانند بورس کالا می‌تواند موجب افزایش تولید و رفاه جامعه شود.

Keywords [Persian]

  • تنظیم‌گری
  • دولت
  • بورس کالا
  • مچینگ

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