Volume 10, Issue 3 (2010)                   QJER 2010, 10(3): 125-149 | Back to browse issues page

‎ 20.1001.1.17356768.1389.10.3.6.1

XML Persian Abstract Print

Download citation:
BibTeX | RIS | EndNote | Medlars | ProCite | Reference Manager | RefWorks
Send citation to:
Sadeghi H, vafaie Yeganeh R, Mohammad Ghaffari H, Arashk M. Estimating Transaction Costs in Iran: Using a Fuzzy Logic approach. QJER 2010; 10 (3) :125-149
URL: http://ecor.modares.ac.ir/article-18-10846-en.html
Estimating Transaction Costs in Iran: Using a Fuzzy Logic approach
Hossein Sadeghi * 1, Reza Vafaie Yeganeh2 , Hasan Mohammad Ghaffari2 , Masaeli Arashk3
1- Assistant Professor, University of Tarbiat Modares
2- Senior Expert in Economics
3- Ph. D. Candidate of Health Economics, Tarbiat Modares University
Abstract:   (6990 Views)
The purpose of this study is to introduce an index for calculating transaction costs in Iran over the 1984-2006 period. In order to calculate the transaction costs, Fuzzy Logic Approach is employed using MATLAB software. Based on the literature review, the determinants of the transaction costs are identified. They mainly comprise the standard deviation of the inflation rate, economic freedom, cash ratio and the ratio of public costs to GDP. Three scenarios are considered to calculate the transaction costs. Overall, the result shows that there is a cyclical trend in the transaction costs over the period considered in this study. The transaction costs decreased after the period of war - 1372-1374 - in all three scenarios considered. Following this period, however, the transaction costs has an upward trend and continued to increase until 1381 in all scenarios. After this increasing trend, the transaction costs have again decreased in the three scenarios.
Keywords: Fuzzy Logic, O53, Transaction Cost, Market Failure, Iranian Economy JEL Classification: D13
Full-Text [PDF 237 kb]   (2838 Downloads)    

Received: 2009/10/3 | Accepted: 2010/06/28 | Published: 2010/10/2
Add your comments about this article : Your username or Email:
CAPTCHA
Rights and permissions
Creative Commons License This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.