Volume 11 (2022)
Volume 10 (2021)
Volume 9 (2020)
Volume 8 (2019)
Volume 7 (2018)
Volume 6 (2017)
Volume 5 (2016)
Volume 4 (2015)
Volume 2 (2013)
Volume 1 (2012)
Research Paper
Firm Specific Risk and Return: Quantile Regression Application

Maryam Davallou

Volume 3, Issue 2 , December 2014, Pages 1-18


  The present study aims at investigating the relationship between firm specific risk and stock return using cross-sectional quantile regression. In order to study the power of firm specific risk in explaining cross-sectional return, a combination of Fama-Macbeth (1973) model and quantile regression is ...  Read More

Research Paper
Estimating Efficiency of Thermal and Hydroelectric Power Plants in Iranian Provinces

Ahmad Sadraei Javaheri; Ali Hussein Ostadzad

Volume 3, Issue 2 , December 2014, Pages 19-42


  This paper aims at estimating the efficiency of hydroelectric power plants (renewable energy resources) and thermal power plant (non-renewable energy resources) in Iranian provinces. Data Envelopment Analysis (DEA) approaches is applied to estimate the efficiency. The network is modeled as a linear system ...  Read More

Research Paper
The Asymmetric Effects of Tax Revenues on Government Expenditures in Iran

Majid Maddah; Mahboobeh Farahati

Volume 3, Issue 2 , December 2014, Pages 43-62


  The tax-expenditure hypothesis posed by Milton Friedman emphasizes a positive causal relationship between government tax revenues and government expenditures. If citizens do not have a correct perception of the real tax burden and under-estimate the price of public goods and services, there is a negative ...  Read More

Research Paper
An Investigation of the Impact of Government Size on Economic Growth: New Evidence from Selected MENA Countries

Rana Asghari; Hassan Heidari; S. Jamaledin Mohseni Zonouzi

Volume 3, Issue 2 , December 2014, Pages 63-80


  This paper investigates the impact of government size on economic growth in selected economies of the MENA countries by using a non-linear panel data approach over the period 1990-2011. The estimation results of Panel Smooth Threshold Regression model show that when the level of government consumption ...  Read More

Research Paper
The Impact of Social Capital on Innovation in Selected Countries

Farhad Khodadad Kashi; Ali Afsari

Volume 3, Issue 2 , December 2014, Pages 81-98


  Using panel data method, this study examines the effects of different dimensions of social capital on innovation at the societal level across 21 countries (19 Asian countries plus Russia and Egypt) for the period 1995-2011. Dimensions of social capital that have been considered in this study include ...  Read More

Research Paper
Effects of R&D and Technology Imports on Employment: The Case of Iran

Masoud Sadeghi; Iman Keyfarokhi

Volume 3, Issue 2 , December 2014, Pages 99-123


  Domestic innovations and technology imports play important roles in boosting relative demand for skilled labor force. These factors are in turn influenced by domestic R&D investments and international trade. Using a translog cost function, this paper studies the effect of technology imports and other ...  Read More