The Effects of Financial Development on Relative Poverty in Iran: Evidence from the Smoothing Transmission Regression Model (STR)
The purpose of this paper is to examine the effects of financial development on poverty in Iran. In this study, we used the indicators of the stock market and the money market to examine the effect of financial development on poverty. In order to test the relationship between variables, a smoothing...
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| Format: | Article |
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Allameh Tabataba'i University Press
2020-06-01
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| Series: | Faslnāmah-i Pizhūhish/Nāmah-i Iqtisādī |
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| Online Access: | https://joer.atu.ac.ir/article_12080_4f3106cb869845574be11fe9857bf80e.pdf |
| _version_ | 1797375603273367552 |
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| author | Seyed Masih Molana Abbass Najafizadeh Ahmad Sarlak Gholam Ali Haji |
| author_facet | Seyed Masih Molana Abbass Najafizadeh Ahmad Sarlak Gholam Ali Haji |
| author_sort | Seyed Masih Molana |
| collection | DOAJ |
| description | The purpose of this paper is to examine the effects of financial development on poverty in Iran. In this study, we used the indicators of the stock market and the money market to examine the effect of financial development on poverty. In order to test the relationship between variables, a smoothing transmission regression model was used for the period 1989-2016 The results of the model estimation, while confirming the nonlinear impact of financial development on poverty, indicate that Financial development indicators affect the poverty of Iran in the form of a dual regime. So that in the domains of economic growth less and more than 2. 9 percent the impact of financial development indicators on poverty is different and significant. The results indicate that the financial development variable in the banking sector has a negative and significant effect on poverty. In other words, an improvement in the financial development situation in the banking sector has led to a reduction in poverty in the community, But financial development in the capital market has had fewer effects on poverty reduction than financial development in the monetary sector. |
| first_indexed | 2024-03-08T19:26:47Z |
| format | Article |
| id | doaj.art-ba9e9c4bfc484d01ab93b17ad2782194 |
| institution | Directory Open Access Journal |
| issn | 1735-210X 2476-6453 |
| language | fas |
| last_indexed | 2024-03-08T19:26:47Z |
| publishDate | 2020-06-01 |
| publisher | Allameh Tabataba'i University Press |
| record_format | Article |
| series | Faslnāmah-i Pizhūhish/Nāmah-i Iqtisādī |
| spelling | doaj.art-ba9e9c4bfc484d01ab93b17ad27821942023-12-26T08:03:19ZfasAllameh Tabataba'i University PressFaslnāmah-i Pizhūhish/Nāmah-i Iqtisādī1735-210X2476-64532020-06-01207712916210.22054/joer.2020.1208012080The Effects of Financial Development on Relative Poverty in Iran: Evidence from the Smoothing Transmission Regression Model (STR)Seyed Masih Molana0Abbass Najafizadeh1Ahmad Sarlak2Gholam Ali Haji3Ph.D. in Economics, Faculty of Management, Islamic Azad University, Arak Branch, Arak, Iran, IranAssistant Professor, Department of Economics, Faculty of Management, Islamic Azad University, Arak Branch, Arak, IranAssistant Professor, Department of Economics, Faculty of Management, Islamic Azad University, Arak Branch, Arak, IranAssistant Professor, Department of Economics, Faculty of Management, Islamic Azad University, Arak Branch, Arak, IranThe purpose of this paper is to examine the effects of financial development on poverty in Iran. In this study, we used the indicators of the stock market and the money market to examine the effect of financial development on poverty. In order to test the relationship between variables, a smoothing transmission regression model was used for the period 1989-2016 The results of the model estimation, while confirming the nonlinear impact of financial development on poverty, indicate that Financial development indicators affect the poverty of Iran in the form of a dual regime. So that in the domains of economic growth less and more than 2. 9 percent the impact of financial development indicators on poverty is different and significant. The results indicate that the financial development variable in the banking sector has a negative and significant effect on poverty. In other words, an improvement in the financial development situation in the banking sector has led to a reduction in poverty in the community, But financial development in the capital market has had fewer effects on poverty reduction than financial development in the monetary sector.https://joer.atu.ac.ir/article_12080_4f3106cb869845574be11fe9857bf80e.pdfdevelopmenteconomic growthpovertyinequalitysmoothing transmission regression model (str) |
| spellingShingle | Seyed Masih Molana Abbass Najafizadeh Ahmad Sarlak Gholam Ali Haji The Effects of Financial Development on Relative Poverty in Iran: Evidence from the Smoothing Transmission Regression Model (STR) Faslnāmah-i Pizhūhish/Nāmah-i Iqtisādī development economic growth poverty inequality smoothing transmission regression model (str) |
| title | The Effects of Financial Development on Relative Poverty in Iran: Evidence from the Smoothing Transmission Regression Model (STR) |
| title_full | The Effects of Financial Development on Relative Poverty in Iran: Evidence from the Smoothing Transmission Regression Model (STR) |
| title_fullStr | The Effects of Financial Development on Relative Poverty in Iran: Evidence from the Smoothing Transmission Regression Model (STR) |
| title_full_unstemmed | The Effects of Financial Development on Relative Poverty in Iran: Evidence from the Smoothing Transmission Regression Model (STR) |
| title_short | The Effects of Financial Development on Relative Poverty in Iran: Evidence from the Smoothing Transmission Regression Model (STR) |
| title_sort | effects of financial development on relative poverty in iran evidence from the smoothing transmission regression model str |
| topic | development economic growth poverty inequality smoothing transmission regression model (str) |
| url | https://joer.atu.ac.ir/article_12080_4f3106cb869845574be11fe9857bf80e.pdf |
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