| تعداد نشریات | 24 |
| تعداد شمارهها | 917 |
| تعداد مقالات | 8,230 |
| تعداد مشاهده مقاله | 16,274,686 |
| تعداد دریافت فایل اصل مقاله | 13,751,837 |
Investigating the Effects of Regulation of Iran Mercantile Exchange on Goods Price Growth | ||
| Iranian Journal of Economic Studies | ||
| مقاله 2، دوره 7، شماره 1 - شماره پیاپی 13، شهریور 2018، صفحه 7-23 اصل مقاله (563.47 K) | ||
| نوع مقاله: Research Paper | ||
| شناسه دیجیتال (DOI): 10.22099/ijes.2018.28448.1433 | ||
| نویسندگان | ||
| Saeed Samadi* ؛ Mostafa Mobini Dehkordi؛ Alireza Kamalian؛ Ehsan Mohammadzade؛ Mehdi Karname Haghighi | ||
| Department of Economics, University of Isfahan, Isfahan, Iran. | ||
| چکیده | ||
| One of the important socioeconomic tasks of governments is regulation. Regulation literature focuses on government intervention in the market for regulating the amount of production and distribution of a commodity, which can lead to the determination of the structure and rules governing the market. A commodities exchange is one of the most important regulatory agencies, which, by providing a convenient, transparent and observable trading system, is customary for the flow of government-specific regulations on commodities. The aim of the present study is to test the regulatory results of supply of products in the commodities exchange. To this end, the percentage increase in the price of 12 commodities traded on the commodities exchange was compared with 21 off-exchange trades using the Propensity Score Matching technique, Caliper and Radius Matching technique, and Bootstrap Standard Deviation. According to the obtained results, the supply of commodities on the Iran mercantile exchange has led to a decrease in their price growth compared to similar commodities outside the Iran mercantile exchange. As a result, using regulatory agencies such as the commodities exchange will increase production and welfare of the society. | ||
| کلیدواژهها | ||
| Regulation؛ government؛ commodities exchange؛ matching | ||
| مراجع | ||
|
References
Amiri, H. (2015). Modeling of mark-up shocks using the DSGE model: The case of Iran. Quarterly Plan and Budget, 20 (3), 95-124. Berkman, H., Cole, R. A., & Fu, L. J. (2011). Political connections and minority-shareholder protection: Evidence from securities-market regulation in China. Cumming, D., Johan, S., & Li, D. (2011). Exchange trading rules and stock market liquidity. Journal of Financial Economics, 99(3), 651-671. Dal Bó, E. (2006). Regulatory capture: A review. Oxford Review of Economic Policy, 22(2), 203-225. Del Brio, E. B., de Miguel, A., & Tobar, J. E. (2010). The impact of the stock market regulation on the level of market efficiency: Comparison between Spain and UK. Revista Española de Financiación y Contabilidad, 39(146), 321-342. Glaeser, E., Johnson, S., & Shleifer, A. (2001). Coase versus the Coasians. The Quarterly Journal of Economics, 116(3), 853-899. Grand, J. (1991). The theory of government failure. British Journal of Political Science, 21(04), 423-442. Hejazi, R., Rahmani, A., & Mozafari, Z. (2010). Investigation of the effect of disclosure of information on information quality issued by companies listed on Tehran stock exchange. Quarterly of Tehran Stock Exchange, 3(10), 23-36. Jahanbin, S. E., & Zare, M. H. (2014). An attitude to the necessity of regulation in the insurance industry of Iran. Insurance Newsletter, 116, 237-263. Jalali Naeini, G., Hasheminejad S. M., Sanei Aalem, M., & Ebrahimi S. B. (2011). Investigating the effect of the regulation of price restriction constraints on Tehran Stock Exchange performance. Quarterly of Tehran Stock Exchange, 4(13), 87-111. Keshavarz, GH. (2016). Financial Time Series Econometric. Nashre Ney Press. Khandouzi, Ehsan (2010). Regulatory governments' requirements in Iranian economy. Journal of Majlis and Research, 64, 41-80. La Porta, R., Lopez-de-Silanes, F., Shleifer, A., & Vishny, R. (2000). Investor protection and corporate governance. Journal of Financial Economics, 58(1), 3-27. Naceur, S. B., Boubakri, N., & Ghazouani, S. (2010). Privatization and financial market development in emerging countries: A comparative study. Middle East Development Journal, 2(2), 229-250. Nekarda, C. J., & Ramey, V. A. (2013). The cyclical behavior of the price-cost markup. NBER Working Paper, 19099 Nguyen, H., Oates, G., & Dunkley, M. (2014). A review of the establishment of the stock market in Vietnam–in relation to other transitional economies. International Journal of Economics and Finance, 6(10), 1-17. Phylaktis, K., Kavussanos, M., & Manalis, G. (1999). Price limits and stock market volatility in the Athens Stock Exchange. European Financial Management, 5(1), 69-84. Porta, R., Lopez‐de‐Silanes, F., Shleifer, A., & Vishny, R. (2002). Investor protection and corporate valuation. The Journal of Finance, 57(3), 1147-1170. Roth, A. E. (2015). Who Gets What—and Why: The New Economics of Matchmaking and Market Design. Houghton Mifflin Harcourt. Shakeri, A., Mohammadi, T., & Rajabi, F. (2015). Effectiveness of pricing power on inflation in Iran economy. Quarterly Journal of Economic Research, 15 (58), 35-56. Shleifer, A. (2005). Understanding regulation. European Financial Management, 11(4), 439–451. Stigler, G. J. (1971). The theory of economic regulation. The Bell Journal of Economics and Management Science, 2 (1), 3-21. Su, D., & Fleisher, B. M. (1998). Risk, return and regulation in Chinese stock markets. Journal of Economics and Business, 50(3), 239-256. Taylor, L. (1991). Income Distribution, Inflation, and Growth Lectures on Structuralist Macroeconomic Theory.MIT Press, London. Yarrow, G. (2015). The Political Economy of Markets.MIT Press. Yavari, A. (2014).An introduction to concept of legal regulation. Comparative Law Review, 5(2), 629-647. Zhao, Z. (2004). Using matching to estimate treatment effects: Data requirements, matching metrics, and Monte Carlo evidence. The Review of Economics and Statistics, 86, 91-107. | ||
|
آمار تعداد مشاهده مقاله: 2,044 تعداد دریافت فایل اصل مقاله: 1,350 |
||