Investigating the Effect of Economic Risk Components on the Development of Sukuk Market in Iran (Nonlinear Autoregressive Distributed Lag Model Approach)
The main purpose of this research is to investigate the effects of economic risk components along with economic complexity on the development of sukuk market in Iran during the period of 1389.1-1401.4. The results of the estimation of the model using the WALD test and NARDL test show that the unexpe...
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| Format: | Article |
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Imam Sadiq University
2024-11-01
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| Series: | تحقیقات مالی اسلامی (پیوسته) |
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| Online Access: | https://ifr.isu.ac.ir/article_77504_476e2eeeb7724fa4b21acd78bd7d1b65.pdf |
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| _version_ | 1832585221991563264 |
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| author | Bahman Khanalizadeh Ashkan Rahimzadeh Mohammad Dalmanpour Majid Afsharirad |
| author_facet | Bahman Khanalizadeh Ashkan Rahimzadeh Mohammad Dalmanpour Majid Afsharirad |
| author_sort | Bahman Khanalizadeh |
| collection | DOAJ |
| description | The main purpose of this research is to investigate the effects of economic risk components along with economic complexity on the development of sukuk market in Iran during the period of 1389.1-1401.4. The results of the estimation of the model using the WALD test and NARDL test show that the unexpected positive and negative shocks of all research variables have asymmetric effects on the development of the sukuk market. The positive shock of budget balance risk has the greatest effects on the development of the sukuk market in the short and long term. The positive shock of inflation risk in the long and short term has positive effects on the development of the sukuk market. The positive shock of the GDP risk has positive effects on the development of the sukuk market, but its negative shock in the long term is far more than other economic risks. The effects of positive and negative shocks of real economic growth risk on the development of sukuk market are less than other components of economic risk. Also, the short-term and long-term effects of economic complexity on the development of the sukuk market are positive. |
| format | Article |
| id | doaj-art-8aa36bfc8d8d4215bdf05fca6dcf70cd |
| institution | Kabale University |
| issn | 2251-8290 2588-6584 |
| language | fas |
| publishDate | 2024-11-01 |
| publisher | Imam Sadiq University |
| record_format | Article |
| series | تحقیقات مالی اسلامی (پیوسته) |
| spelling | doaj-art-8aa36bfc8d8d4215bdf05fca6dcf70cd2025-01-26T16:06:12ZfasImam Sadiq Universityتحقیقات مالی اسلامی (پیوسته)2251-82902588-65842024-11-0113356761210.30497/ifr.2024.245838.187877504Investigating the Effect of Economic Risk Components on the Development of Sukuk Market in Iran (Nonlinear Autoregressive Distributed Lag Model Approach)Bahman Khanalizadeh0Ashkan Rahimzadeh1Mohammad Dalmanpour2Majid Afsharirad3PhD Student, Department of Economics, Zanjan Branch, Islamic Azad University, Zanjan, IranFaculty Member, Department of Economics, Zanjan Branch, Islamic Azad University, Zanjan, IranFaculty Member, Department of Economics, Zanjan Branch, Islamic Azad University, Zanjan, IranFaculty Member, Department of Economics, Kharazmi University, Tehran, IranThe main purpose of this research is to investigate the effects of economic risk components along with economic complexity on the development of sukuk market in Iran during the period of 1389.1-1401.4. The results of the estimation of the model using the WALD test and NARDL test show that the unexpected positive and negative shocks of all research variables have asymmetric effects on the development of the sukuk market. The positive shock of budget balance risk has the greatest effects on the development of the sukuk market in the short and long term. The positive shock of inflation risk in the long and short term has positive effects on the development of the sukuk market. The positive shock of the GDP risk has positive effects on the development of the sukuk market, but its negative shock in the long term is far more than other economic risks. The effects of positive and negative shocks of real economic growth risk on the development of sukuk market are less than other components of economic risk. Also, the short-term and long-term effects of economic complexity on the development of the sukuk market are positive.https://ifr.isu.ac.ir/article_77504_476e2eeeb7724fa4b21acd78bd7d1b65.pdfislamic financial paperssukukeconomic riskeconomic complexitynardl |
| spellingShingle | Bahman Khanalizadeh Ashkan Rahimzadeh Mohammad Dalmanpour Majid Afsharirad Investigating the Effect of Economic Risk Components on the Development of Sukuk Market in Iran (Nonlinear Autoregressive Distributed Lag Model Approach) تحقیقات مالی اسلامی (پیوسته) islamic financial papers sukuk economic risk economic complexity nardl |
| title | Investigating the Effect of Economic Risk Components on the Development of Sukuk Market in Iran (Nonlinear Autoregressive Distributed Lag Model Approach) |
| title_full | Investigating the Effect of Economic Risk Components on the Development of Sukuk Market in Iran (Nonlinear Autoregressive Distributed Lag Model Approach) |
| title_fullStr | Investigating the Effect of Economic Risk Components on the Development of Sukuk Market in Iran (Nonlinear Autoregressive Distributed Lag Model Approach) |
| title_full_unstemmed | Investigating the Effect of Economic Risk Components on the Development of Sukuk Market in Iran (Nonlinear Autoregressive Distributed Lag Model Approach) |
| title_short | Investigating the Effect of Economic Risk Components on the Development of Sukuk Market in Iran (Nonlinear Autoregressive Distributed Lag Model Approach) |
| title_sort | investigating the effect of economic risk components on the development of sukuk market in iran nonlinear autoregressive distributed lag model approach |
| topic | islamic financial papers sukuk economic risk economic complexity nardl |
| url | https://ifr.isu.ac.ir/article_77504_476e2eeeb7724fa4b21acd78bd7d1b65.pdf |
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