نشریه پژوهش های برنامه و توسعه
پیاپی 2 (تابستان 1399)

In the growing literature on “Maco-Financial Economics” it is important to consider financial development as a supply-side policy and investigate its effects on macroeconomic variables such as economic growth, inflation, and unemployment. According to the literature, the simultaneous effect of financial development on inflation and unemployment is missing. This paper calculates a multi-lateral financial development index by Principle Components Analysis (PCA) for 20 selected countries during 1979Q1-2016Q4. Then, the augmented Phillips curve is estimated using ARDL model for each countries. The results reveal that the inflation-unemployment trade-off is significantly reduced in some developed and developing countries by financial policies, while some other developing countries (as Iran) are still encountered with of inflation-unemployment duality. In the growing literature on “Maco-Financial Economics” it is important to consider financial development as a supply-side policy and investigate its effects on macroeconomic variables such as economic growth, inflation, and unemployment. According to the literature, the simultaneous effect of financial development on inflation and unemployment is missing. This paper calculates a multi-lateral financial development index by Principle Components Analysis (PCA) for 20 selected countries during 1979Q1-2016Q4. Then, the augmented Phillips curve is estimated using ARDL model for each countries. The results reveal that the inflation-unemployment trade-off is significantly reduced in some developed and developing countries by financial policies, while some other developing countries (as Iran) are still encountered with of inflation-unemployment duality.

Assessing the impact of institutional and political factors on financial development in selected Islamic countries This study evaluates the institutional factors affecting on financial development in selected Islamic countries including Iran, Algeria, Egypt, Saudi Arabia, Turkey, Pakistan, Bangladesh, Indonesia, Kazakhstan and Malaysia. There are various institutions that can effect on the economy performance. Indicators are available to illustrate these factors, such as indicators of good governance, democratic governance, ease of business, and openness of the economy, which are referred to as institutional variables. In this study, these indicators have been used. The experimental model of this study is estimated using data from the period 2006 to 2016 using the EGLS regression method. The results show that the indicators of good governance, ease of business, economic liberalization, private sector share of financial sector and inflation rate have a positive and significant effect on the combined financial development index. In contrast, the Democracy Index has had a negative impact on financial development.

Industrialization as one of the rural development approaches can be divided into two groups. The first group are industries that are related to and complementary to the social, economic, and environmental activities of the village and can have positive effects on rural communities. The second category is not related to rural space and usually substitutes for rural economic activities. Rural industrial areas, according to their characteristics, fall into the second category, which is also the dominant approach of our country planners and so far this approach has been used frequently. The assumption of the present paper is that such areas can have harmful effects while not performing well. The purpose of the present study is to investigate the impact of industrial areas on rural development (Case Study: Kheirabad Village of Markazi Province). To this end, the impact of the industrial zone on the village of Kheirabad in Arak city has been evaluated. The evaluation method of this study was questionnaire-based analysis using Mann-Whitney comparative method and factor analysis. The results show that the effect of industrialization on economic, social and infrastructural dimensions is positive and on cultural, agricultural, tourism, environmental and physical dimensions is negative.

Evaluating portfolio management performance and mutual fund’s active management abilities is of particular importance. Capital asset pricing model and holding portfolios model are among the most important studies to assess the ability of mutual funds market timing and security selection. This study attempts to investigate market timing and security selection ability of Iranian mutual funds during the period of 1393 to 1396. In this research, selected and total mutual funds’ performance in the form of time series and panel data model is evaluated using the combination of capital asset pricing model, including Treynor- Mazuy and Henriksson- Merton, with Fama- French three factor model. In the next step, using holding portfolios model including Kacperczyk and Alda, market timing and security selection ability of mutual funds have been evaluated and related statistics have been extracted. Eventually, using Bayesian Model Averaging approach, by implementing and evaluating numerous models consisting of variables used, posterior probability and probability of the inclusion of each variable in chosen models are presented.

The present study aimed at designing the external factors model for promoting universities in national and international Rankings through exploratory mixed method. The statistical population in the qualitative section included policymakers and experts in higher education, university administrators and faculty members who were selected through targeted sampling and 17 interviewes were done. Also, in the quantitative section of the statistical society, 600 university administrators ,state universities of Tehran, among which 302 people by Stratified random sampling method were selected. The data in the qualitative section were analyzed through semi-structured interviews and in the quantitative section, a researcher-made questionnaire was extracted from the statistical sample and analyzed using spss and smart-pls software. Validity of the questionnaire was confirmed by experts and a divergent and convergent validity test. The reliability of the questionnaire was also calculated using Cronbach's alpha and Composite Reliability software. According to the findings, the external factors effecting the university promotion can be categorized into five factors: international policy-making, industry-university collaboration, accountability towards stakeholders, higher education rules and regulations and ranking-scientometrics systems.

Water is at the center of economic and social development and it is important to maintain health, produce food, produce energy, manage the environment and create jobs. Due to low rainfall and inadequate distribution of time and space, Iran needs proper management in this field. Since water governance has a set of political, social, economic and executive systems that regulate the development and management of water resources and provide water services at different levels of society, and in the context of these systems, appropriate management conditions are provided and in the context of water governance The three elements of law enforcement, legitimacy and participation are of great importance, so the quality of laws and regulations in the effective management of water resources of the country is important. The research methodology was qualitative with the GROUNDED THEORY. Data collection was done in the form of library studies, semi-open questionnaires and semi-open interviews, and the study and vectorization of the texts of the general policies of the water sector and development plans after the development of the vision document of the Islamic Republic Iran is on the horizon of 1404, which includes the fourth, fifth and sixth development plans of the Islamic Republic of Iran, to achieve theoretical saturation. Then, through open coding, 72 indicators were extracted in relation to water sector policies, and with their combination, components and dimensions resulted in the highest number of indicators related to the economic dimension, and the least of them related to the cultural dimension.