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Paper Information

Journal:   TAHGHIGHAT-E-EGHTESADI   FALL 2012 , Volume 47 , Number 3; Page(s) 109 To 128.
 
Paper: 

THE EFFECT OF FINANCIAL LIBERALIZATION ON HOUSEHOLD LIQUIDITY CONSTRAINTS

 
 
Author(s):  KAFAIE MOHAMMAD ALI*, A.YARMOHAMADI JAVAD
 
* FACULTY OF ECONOMICS AND POLITICAL SCIENCE, SHAHID BEHESTI UNIVERSITY
 
Abstract: 

In this paper, the effect of financial liberalization on household's budget liquidity constraint is analyzed with the use of an error correction model. Financial liberalization will decline liquidity constraint, with expanding means of making future incomes available for present consumption. Here a financial liberalization index for Iran is defined using Principal component Analysis technique, based on 6 variables. After dividing the time period into 2 sub periods, the income ratio of people confronting liquidity constraint is estimated for each sub group. The results show that financial liberalization has not declined liquidity constraint in Iran.

 
Keyword(s): ERROR CORRECTION MODEL, PRINCIPAL COMPONENT ANALYSIS, FINANCIAL LIBERALIZATION, LIQUIDITY CONSTRAINT, CONSUMPTION
 
 
References: 
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Citations: 
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APA: Copy

KAFAIE, M., & A.YARMOHAMADI, J. (2012). THE EFFECT OF FINANCIAL LIBERALIZATION ON HOUSEHOLD LIQUIDITY CONSTRAINTS. TAHGHIGHAT-E-EGHTESADI, 47(3), 109-128. https://www.sid.ir/en/journal/ViewPaper.aspx?id=277110



Vancouver: Copy

KAFAIE MOHAMMAD ALI, A.YARMOHAMADI JAVAD. THE EFFECT OF FINANCIAL LIBERALIZATION ON HOUSEHOLD LIQUIDITY CONSTRAINTS. TAHGHIGHAT-E-EGHTESADI. 2012 [cited 2021August01];47(3):109-128. Available from: https://www.sid.ir/en/journal/ViewPaper.aspx?id=277110



IEEE: Copy

KAFAIE, M., A.YARMOHAMADI, J., 2012. THE EFFECT OF FINANCIAL LIBERALIZATION ON HOUSEHOLD LIQUIDITY CONSTRAINTS. TAHGHIGHAT-E-EGHTESADI, [online] 47(3), pp.109-128. Available: https://www.sid.ir/en/journal/ViewPaper.aspx?id=277110.



 
 
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