Financial Reform and Liberalization in Iran and comparison with two ECO members: Pakistan and Turkey

Anoshirvan Taghipour

No 6326, International Conference on Energy, Regional Integration and Socio-economic Development from EcoMod

Abstract: In the literature, there are many studies to measure financial liberalization indices, but none of them has studied for the case of Iran. Therefore, to fill this gap, in this paper we introduce a comprehensive indicator for financial liberalization which considers various aspects of financial sector reforms. Then, we estimate the index for the case of Iran and compare the results with two ECO members, i.e. Turkey and Pakistan. For the estimation of aggregate financial liberalization index, we use different methods of aggregation such as principal component method (PCM) and simple summation. Our findings show that Ira and Pakistan have started financial reforms since the mid 1990s, while Turkey has started a decade earlier, in 1980s. Moreover, the results show that the level of financial reforms in Iran is not very high amongst the countries considered while the index related to Turkey is higher compare with Iran and Pakistan. See above See above

Keywords: Iran; Pakistan; Turkey; Finance; Regional integration (search for similar items in EconPapers)
Date: 2013-09-05
New Economics Papers: this item is included in nep-ara and nep-cwa
References: Add references at CitEc
Citations:

Downloads: (external link)
http://ecomod.net/system/files/Financial%20Liberal ... nference.final_.docx
Our link check indicates that this URL is bad, the error code is: 403 Forbidden (http://ecomod.net/system/files/Financial%20Liberalization%20of%20Iran-ECO%20conference.final_.docx [301 Moved Permanently]--> https://ecomod.net/system/files/Financial%20Liberalization%20of%20Iran-ECO%20conference.final_.docx)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ekd:005741:6326

Access Statistics for this paper

More papers in International Conference on Energy, Regional Integration and Socio-economic Development from EcoMod Contact information at EDIRC.
Bibliographic data for series maintained by Theresa Leary ().