Ali Katebi, Mohammad Tavakkoli,
Volume 8, Issue 28 (7-2017)
Abstract
According to Quran Karim verses and hadiths, Shia jurisprudence necessitates paying Khoums. Since Khoums belong to surplus of earning, as a result that should be considered in economic calculation of projects. Since this topic has been neglected in common economic evaluation of projects, this paper has addressed effect of considering Khoums in prioritize investment calculations in projects. For this purpose selection of projects considered in two cases: a) with khoums and b) without khoums factored in. The result show prioritization and selection of projects are different in two cases. Results of study show a project had priority without khoums factored in, might place outside prioritize investment with khoums. On the other hand the project is less profitable than other projects might place in priority compared other projects, with considering Khoums in economic calculations.
Pegah Pasha Wanous, Javid Vahrami, Hossein Tavakkolian, Taymour Mohammadi,
Volume 11, Issue 39 (3-2020)
Abstract
The effects of International financial integration on the fluctuations of variables in response to shocks are a matter of heavily concentrated literature of the business cycle in recent years. In this paper, a New Keynesian DSGE model is developed in which there is a channel for capital account changes through the foreign deposit's inflow and outflow. Then the effects of financial integration are simulated. The integration factor is defined by the percentage of the total foreign deposits absorbed by the banking system. This coefficient could change due to changes in effective domestic interest rate and global interest rate. This paper shows in presence of oil shocks, the fluctuation of production, consumption, real exchange rate and variables of the banking system such as deposits and loans, is higher in financial integration but there is no significant difference in inflation. In presence of technology shocks, there is no significant difference.
