References
- Agénor, P.R. (2003). Benefits and costs of international financial integration: Theory and facts. World Economy, 27, 1089-1118.
- Akbari-Roshan, M. & Shakeri, A. (2014). The effect of government spending, liquidity and market structure on the financial development of the stock market. Journal of Economic Research, 14 (53), 109-142. (In Persian)
- Akosah, N. K. (2013). Dynamics of inflation and financial development: empirical evidence from Ghana. Journal of Economics and Sustainable Development, Vol. 4, No. 15. PP: 20-37.
- Ashraf, B. N. (2018). Do trade and financial openness matter for financial development? Bank-level evidence from emerging market economies. Research in International Business and Finance, 44, 434-458.
- Ashrafiepour, M. A. (2013). The effects of fiscal policies on private sector consumption in Iran. Economic Journal, No. (7 and 8), 51-72. (In Persian)
- Auerbach, A.J.; Gorodnichenko, Y. & Murphy, D. (2020). Effects of Fiscal Policy on Credit Markets. NBER Working Paper No. w26655, Available at SSRN: https://ssrn.com/abstract=3518267.
- Baltagi, B.H.; Demetriades, P.O. & Law, S.H. (2009). Financial development and openness: Evidence from panel data. Journal of Development Economics, 89. 285-296.
- Bierbrauer, F. (2014). Tax Incidence for Fragile Financial Markets. Journal of Public Economics, in Press. 65 (3). 107-125.
- Cooray, A. (2011). The Role of the Government in Financial Sector Development. Economic Modeling, 28, 928–938.
- Duramany-Lakkoh, E.K. (2020). The effect of fiscal policy on financial sector development in sierra leone: a time series approach. International Journal of Development and Economic Sustainability, 8(4), 1-23.
- Hauner, D.; Prati, A. & Bircan, C. (2013). The interest group theory of financial development: Evidence from regulation. Journal of Banking & Finance, 37, 895-906.
- Hooshmand, M. & Fahimi Doab, R. (2010). Estimation of long-run relationship between crude oil price and real exchange rate of US dollar. Monetary and Financial Economics, 17 (30), 134-98. (In Persian)
- Hosseini, S. M.; Ashrafi, Y. & Siyaghi Iraqi. I. (2014). Investigating the relationship between financial development and economic growth in Iran with the introduction of new variables. Quarterly Journal of Economic Research and Policies, 19 (60), 19-34. (In Persian)
- Koengkan, M. (2018). The positive influence of urbanization on energy consumption in Latin American countries: an approach with ARDL and NARDL modeling. Revista de Estudos Sociais, 20 (40), 4-23.
- Lamei, B. (2005). A look at the definitions of budget deficit and its trend in Iran in the period 1358-1382. Journal of Parliament and Strategy, (12) 47, 61-104. (In Persian)
- Law, S.H. (2009). Trade Openness, Capital Flows and Financial Development in Developing Economies. International Economic Journal, 23, 409-426.
- Lawal, A. I.; R.O. Somoye, A. Babajide & Ikechukwu. N.T. (2018). The effect of fiscal and monetary policies interaction on stock market performance: Evidence from Nigeria. Future Business Journal, 4 (1), 16-33.
- Levine, R. (1997) Financial Development and Economic Growth: Views and Agenda. Journal of Economic Literature, 35, 688-726.
- Mamipour, S. & Sasania Asl, Z. (2018). Studying the Asymmetric Effects of Exchange Rate on the Return of Selective Industries in Tehran Stock Exchange. Monetary and Financial Economics, 8 (2), 177-200. (In Persian)
- Miranda-Pinto, J., Murphy, D.; Walsh, K. & Young, E. (2019). Saving Constraints, Debt, and the Credit Market Response to Fiscal Stimulus. Mimeo.
- Mohammadi, H.; Ataei, M.M. & Asgharnejad, E. (2014). Investigating the factors affecting financial development in the member countries of the Organization of the Islamic Conference. Quarterly Journal of The Macro and Strategic Policies, 2(6), 25-37. (In Persian)
- Murphy, D. & Walsh. K. (2018). Government Spending and Interest Rates. Mimeo.
- Nanforosh, M. & Dizaji, M. (2015). The effect of government size and trade openness on the financial development of selected countries in the world. Journal of Applied Economics, 6 (19), 65-76. (In Persian)
- Pesaran, M. H.; Shin, Y. & Smith, R. J. (2001). Bounds testing approaches to the analysis of level relationships. Journal of applied econometrics, 16, No. 3. PP: 289-326.
- Rathnasiri, R. A. (2011). Fiscal Policy and Financial Development in Sri Lanka (April 15, 2011). Available at SSRN: https://ssrn.com/abstract=1929370
- Razmi, M.J.; Mostafavi, S.M., & Mahmoodi, M. (2013). The Impact of Trade Openness on Financial Development for selected Developing Countries during the Period 1990-2008. Monetary & Financail Economics, 19 (4), 60-78. (In Persian)
- Rodrik, D. (1998). Why Do more Open Countries Have Larger Governments?. Journal of Political Economy, 1065, 997-1032.
- Sadeghi, M. & Shavalpour, S. (2010). Econometrics of time series with an applied approach. Second Edition, Volume 2, Tehran, Imam Sadegh University. (In Persian)
- Sadeghi, S. K.; Ranjpour, R.; Bagherzadeh Azar. & Mousavi, S. (2014). The Effects of Tax Policies on Financial Markets Development. Iranian Journal of Economic Research, 20 (60), 37-65. (In Persian)
- , Etesami, M. & Aminpour. Kh. (2013). Effect of Good Governance and Government Size on Financial Development in Selected Countries. Economic Growth and Development Research (EGDR), 3 (12), 105-118. (In Persian)
- Shin, Y.; Yu, B. & M Greenwood-Nimmo, M. (2014). Modeling AsymmetricCointegration and Dynamic Multipliers in a Nonlinear ARDL Framework. Festschrift in Honor of Peter Schmidt, 281-314.
- Sims, C. A. (1980). Macroeconomics and reality. Econometrica, 48 (1): 1–48.
- Sims, C.A.; Stock, J. & Watson, M. (1990). Inference in Linear Time Series Models with Some Unit Roots. Econometrica, 58 (1) :113-144.
- Sotoudehnia, S. & Abedi, F. (2013). The Impact of Monetary and Fiscal Policies on Iran's Financial Stabilization, Quarterly Journal of The Macro and Strategic Policies, 1(60), 103-115. (In Persian)
- Surjaningsih, N.; Diah Utari, G.A & Trisnanto, B. (2012). The Impact of Fiscal Policy on The Output and Inflation. Bulletin of Monetary Economics and Banking, 367-396.
- Taha, R.; Colombage., S.R.N.; Maslyuk, S. & Nanthakumar. L. (2013). Does Financial System Activity Affect Tax Revenue inMalaysia? Bounds Testing and Causality Approach. Journal of Asian Economics, 24, 147-157.
- Wahid, A. N. M.; Shahbaz, M. & Azim, P. (2011). Inflation and financial sector correlation: The case of Bngladesh. International Journal of Economics and Financial Issues, 1(4), 145-152.
- Yoo, D. (2016). Capital Account Liberalization and the Politics of Access to Finance in Latin America. The International Trade Journal, 30, 383-386.
- Zhang, Ch.; Zhu, Y. & Lu, Zh. (2015). Trade openness, financial openness, and financial development in China. Journal of International Money and Finance, 59, 287-309.
|