نوع مقاله : مقاله پژوهشی
نویسندگان
1 گروه مالی، دانشکده حسابداری و علوم مالی، دانشکدگان مدیریت، دانشگاه تهران، تهران، ایران.
2 گروه اقتصاد، دانشکده اقتصاد و علوم سیاسی، دانشگاه شهید بهشتی، تهران، ایران.
چکیده
کلیدواژه‌ها
موضوعات
عنوان مقاله [English]
نویسندگان [English]
The imposition of Western economic sanctions against Iran has had different effects on different financial markets, and the capital market in Iran was one of the markets that was not unaffected by the shock of the sanctions. Since sanctions are a key factor in explaining Iran's economic fluctuations, the purpose of this article is to examine the effects of sanctions in the form of a structural macroeconomic econometric model on the state of the capital market in Iran. Unlike other researches, the non-phase effect of sanctions is not included in this research and changes according to the severity of sanctions.
The research method is self-regression with distributional breaks, considering the data with different time frequency, the data used for the thirty-year period, some with annual frequency and some with seasonal frequency from 1370 to 1400. The results of the optimal model show that the sanctions index has a negative and significant effect on the behavior of the capital market.
کلیدواژه‌ها [English]
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