Financial Integration between Iran, OPEC and the Shanghai Organization
محل انتشار: مجله مالی ایران، دوره: 2، شماره: 4
سال انتشار: 1397
نوع سند: مقاله ژورنالی
زبان: انگلیسی
مشاهده: 253
فایل این مقاله در 28 صفحه با فرمت PDF قابل دریافت می باشد
- صدور گواهی نمایه سازی
- من نویسنده این مقاله هستم
استخراج به نرم افزارهای پژوهشی:
شناسه ملی سند علمی:
JR_IJFIFSA-2-4_004
تاریخ نمایه سازی: 24 فروردین 1401
چکیده مقاله:
This article investigates the financial convergence between Iran, OPEC & the Shanghai Organization trade groups, of which Iran is a member. The analysis covers the period of ۲۰۰۵ to ۲۰۱۷.In order to examine the convergence dynamics of these financial markets; we have employed the Philips and Sul (۲۰۰۷) methodology, which uses a nonlinear time-varying factor model. This paper provides a comprehensive picture of the financial systems within Iran and its convergence clubs by testing the convergence of their money market with domestic credit to private sector by banks (% of GDP), deposit and lending interest rate, real interest rate, and capital market with Stocks traded, total value (% of GDP). The empirical findings show that money and stock markets of OPEC and the Shanghai group do not form a homogenous convergence club. Results show that Iran has convergence with some countries in OPEC and the Shanghai group in money and stock markets, which can be explained by their similar economic indicators in both markets. Furthermore, the convergence speed between Iran and the Shanghai countries is higher than that of Iran and OPEC countries, which proves that joint trade agreements are stronger reasons for convergence than the oil factor. Iran should implement further structural reforms in order to achieve greater financial convergence with its joined groups.
کلیدواژه ها:
نویسندگان
Saghar Nikpour
Ph.D. Candidate, Department of Economics, Faculty of Management and Economics, Shahid Bahonar university of kerman, Kerman, Iran.
Mojtaba bahmani
Assistant Prof., Department of Economics, Faculty of Management and Economics, Shahid Bahonar university of kerman, Kerman, Iran.
sayyed Abdolmajid Jalaee
Prof., Department of Economics, Faculty of Management and Economics, Shahid Bahonar university of kerman, Kerman, Iran.
Mehdi Nejati
Assistant Prof. of Economics, Faculty of Management and Economics, Shahid Bahonar university of kerman, Kerman, Iran.
مراجع و منابع این مقاله:
لیست زیر مراجع و منابع استفاده شده در این مقاله را نمایش می دهد. این مراجع به صورت کاملا ماشینی و بر اساس هوش مصنوعی استخراج شده اند و لذا ممکن است دارای اشکالاتی باشند که به مرور زمان دقت استخراج این محتوا افزایش می یابد. مراجعی که مقالات مربوط به آنها در سیویلیکا نمایه شده و پیدا شده اند، به خود مقاله لینک شده اند :