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Showing 2 results for Panel Var

Hosein Mohammadi, Mehdi Mahmoudi,
Volume 8, Issue 28 (7-2017)
Abstract

Interest rate is one of the most important policy variabels in macroeconomic. Global financial crises and big debt in some countries around the world, make the importance interest rate more explicitly. In the carrent study, the effect of interest rate, inflation, government investment and expenditure on GDP capita per was investigated using panel data approach. Forthermore panel VAR method was used to consider the effects of each mentioned variables on each other and investigating causality relationships between these variabls. 20 Islamic and 19 Non-Islamic countries during 1990-2014 were selected for this study. The results show that in  both Islamic and Non-Islamic countries, interest and inflation rate have a significant negative effect on GDP per capita. Government investment in both groups of countries have a significant positive effect on GDP per capita. These results are inline with economic theories. Finally, government expenditures in these groups of countries have different effect on GDP per capita. also lowering interest rate Non-Islamic countries has a considerable effect on other variables.
Mohsen Tartar, Hamid Sepehrdoust, Ali Akbar Gholizadeh,
Volume 12, Issue 45 (11-2021)
Abstract

The status of income distribution is economically important because other macroeconomic variables, especially savings rates, affect the amount of investment and aggregate demand in different markets, and are politically a measure of government efficiency in attracting voters. The present study aims to investigate the macroeconomic variables affecting inequality in income distribution in the two groups of middle-income countries and high-income countries based on the International Monetary Fund classification. For this purpose, the annual data of economic complexity, scientific productivity, political risk, economic risk, and financial risk and the period 2019-2000 and the panel method have been used. The results show that in high-income countries, increasing economic complexity and scientific productivity reduces income inequality, while in middle-income countries, increasing scientific productivity reduces income inequality, but increasing economic complexity increases income inequality. Reducing political risk in both groups reduces income inequality; While reducing financial risk reduces income inequality in high-income countries, it increases income inequality in middle-income countries. The impact of economic risk on income inequality is also negligible in high-income countries, while in middle-income countries the impact of economic risk on income inequality is very strong, and reducing economic risk in this group of countries strongly reduces income inequality.


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