نوع مقاله : مقاله پژوهشی

نویسندگان

1 کارشناسی ارشد اقتصاد مالی اسلامی، گروه اقتصاد، دانشکده اقتصاد و بانکداری اسلامی، دانشگاه خوارزمی، تهران، ایران

2 دانشیار علوم اقتصادی، گروه اقتصاد، دانشکده اقتصاد و بانکداری اسلامی، دانشگاه خوارزمی، تهران، ایران

چکیده

توسعه بازار بدهی به‌عنوان یکی از ارکان نظام مالی کشور نقش مهمی در بهبود تخصیص منابع سرمایه‌گذاری و همچنین حل معضل تنگنای اعتباری دارد. در این راستا بازار سرمایه با برخورداری از پتانسیل بالا، طراحی و انتشار انواع ابزارهای مالی اسلامی و همچنین با توجه به مصوبه‌های کمیته فقهی سازمان بورس و اوراق بهادار، امکان معاملات طیفی از اوراق بخش دولتی و خصوصی با موضوع‌های تامین مالی گوناگون را فراهم کرده است؛ به‌طوری‌که شرکت‌های خصوصی و مخصوصا دولت توانسته‌اند از ظرفیت‌های بالای بازار سرمایه کشور استفاده کنند. لذا، شناخت دقیق چالش‌های توسعه این بازار در ایران می‌تواند به‌عنوان نخستین گام در رشد و توسعه این بازار نقش مهمی داشته باشد. از این‌رو، هدف تحقیق حاضر بررسی ارتباط بین بازار صکوک و تولید ناخالص داخلی در اقتصاد ایران طی دورۀ زمانی 1390-1400 به صورت تواتر داده‌های فصلی با استفاده از مدل گشتاورهای تعمیم‌یافته (GMM) است. نتایج تحقیق نشان می‌دهد که شاخص صکوک تاثیری مثبت بر تولید ناخالص داخلی دارد. از سایر نتایج تحقیق، متغیرهای نرخ دلار در بازار آزاد، شاخص قیمت مصرف‌کننده و کسری بودجه تاثیر منفی بر تولید ناخالص دارد.

کلیدواژه‌ها

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