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Effects of Banking Facilities on Private Sector Investment, Given the Specifications of the Iranian Banking System

Author

Listed:
  • Nouri , Peyman

    (Refah Bank)

  • Ghasempour , Reza
  • Ghasempour , Atefeh

Abstract

In this research, a model is designed to assess the effect of banking facilities over private sector investment. In this model, private investment is a function of non-oil GDP, and with a time lag, of import of capital goods, investment of public sector and the real facilities granted by the banking system to the private sector. The effects of the model indicate a meaningful effect of the real facilities to the private sector. Meanwhile, the model is tested for its ability to explain independent variables and complies with the real values of the variable in the assessed years with a 5% error level.

Suggested Citation

  • Nouri , Peyman & Ghasempour , Reza & Ghasempour , Atefeh, 2009. "Effects of Banking Facilities on Private Sector Investment, Given the Specifications of the Iranian Banking System," Journal of Money and Economy, Monetary and Banking Research Institute, Central Bank of the Islamic Republic of Iran, vol. 5(3), pages 143-156, July.
    • Handle: RePEc:mbr:jmonec:v:5:y:2009:i:3:p:143-156
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    References listed on IDEAS

    as
    1. Ali Darrat, 2000. "Monetary stability and interest-free banking revisited," Applied Economics Letters, Taylor & Francis Journals, vol. 7(12), pages 803-806.
    2. Iqbal, Munawar & Al Jarhi, Mabid Ali, 2001. "Islamic Banking: Answers to Some Frequently Asked Questions (Occasional paper)," Occasional Papers 92, The Islamic Research and Teaching Institute (IRTI).
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    banks' facilities; private investment; econometrics; Islamic banking;
    All these keywords.

    JEL classification:

    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
    • E22 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Investment; Capital; Intangible Capital; Capacity
    • G11 - Financial Economics - - General Financial Markets - - - Portfolio Choice; Investment Decisions
    • G24 - Financial Economics - - Financial Institutions and Services - - - Investment Banking; Venture Capital; Brokerage
    • O16 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Financial Markets; Saving and Capital Investment; Corporate Finance and Governance
    • R42 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Transportation Economics - - - Government and Private Investment Analysis; Road Maintenance; Transportation Planning

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