Macroeconomics
Sajjad Barkhordari; Reza Amiri
Abstract
This paper investigates the fluctuations effect in government spending on the value of firms in preferred industries in the TSE. We employed the TVP-FAVAR method and analyzed seasonal data from 2011 to 2018. The findings indicate that the nature and intensity of the impact of government expenditure on ...
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This paper investigates the fluctuations effect in government spending on the value of firms in preferred industries in the TSE. We employed the TVP-FAVAR method and analyzed seasonal data from 2011 to 2018. The findings indicate that the nature and intensity of the impact of government expenditure on value of firm vary across different sectors. This suggests that as circumstances change over time, the effects of fluctuations in government expenditure also evolve, and industries respond differently to these behavioral changes. Specifically, the value of firms in the automotive industry consistently showed a negative response throughout the entire period studied. In contrast, the food and beverage industry, as well as the pharmaceutical materials and products sector, exhibited a positive reaction to changes in government behavior. Furthermore, the impact of government spending on the chemical, plaster, cement, lime, base metals, and products industries fluctuated over time, with both positive and negative effects observed in the short run and long run. We recommend that the government take into account the status and performance of firms when formulating policies.
Social Economic
Sajjad Barkhordari
Abstract
Nowadays, the study of unemployment properties is particularly important as a result of the increase of this variable in recent years. This paper tests the hysteresis hypothesis in youth unemployment at the urban, rural, regional, and general level by using quarterly data in period 2000- 2018. In addition, ...
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Nowadays, the study of unemployment properties is particularly important as a result of the increase of this variable in recent years. This paper tests the hysteresis hypothesis in youth unemployment at the urban, rural, regional, and general level by using quarterly data in period 2000- 2018. In addition, this paper investigates the stochastic nature of unemployment for thirty regions of Iran. We first employ the ADF and KPSS methods to test the hysteresis hypothesis at the urban, rural and general levels. Second, we apply the IPS, Chio and Fisher methods to examine this test for thirty regions using quarterly data in the period 2005-2018. Finally, the PANIC method is applied to identify the common and idiosyncratic components of unemployment rates at the regional level. The findings of different methods give support to the existence of hysteresis for the youth unemployment at the urban, rural and general level. Also, our empirical findings provide that the evidence is favorable to the existence of hysteresis in some regions. These results implicate supply side policies are effective to reduce youth unemployment at different levels. Also, our empirical findings provide that the evidence is favorable to the existence of hysteresis in some regions. These results implicate supply side policies are effective to reduce youth unemployment at different levels.
Social Economic
Sajjad Barkhordari; Naser Ali Azimi
Abstract
Moving towards a knowledge-based economy is an important factor for developing countries. Achieving this goal requires improving different pillars such as innovation. Governance quality is a key factor to create innovation pillars and improve innovative activities. In this paper, we describe the impact ...
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Moving towards a knowledge-based economy is an important factor for developing countries. Achieving this goal requires improving different pillars such as innovation. Governance quality is a key factor to create innovation pillars and improve innovative activities. In this paper, we describe the impact of governance quality on improving innovation in selected MENA countries during 2009-2018. We used an empirical model and panel data method to describe the relationship between governance quality and innovative activities by considering control variables such as inflation, domestic credit provided by the financial sector (%GDP), the net inflow of foreign direct investment (FDI), and trade (%GDP). Empirical results indicate that the governance quality has a positive and significant effect on the performance of innovation in MENA countries. The positive effect of the governance quality sub-indices indicates that an improving institutional environment is necessary to stimulate innovation activities. The results also show that trade in MENA a country not only harms but also discourages innovative activities. According to empirical results, we propose that improving governance quality concentrated on government effectiveness and control of corruption is essential for innovative activities in MENA countries.
