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Cardinal Measurement of Welfare and Evaluation of Macroeconomic Variables Effect on Welfare Changes in Iran Based on Fuzzy Regression
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Mohammad Nabi Shahiki Tash *   , Saber Molai , Elham Shivai |
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Abstract: (9803 Views) |
| This paper examines the level of cardinal welfare influential factors on the welfare changes in Iran. The Sen's index, both in Pareto and non-Pareto states, is used to evaluate the level of cardinal welfare and in order to evaluate the macroeconomic variables effect on the welfare changes a fuzzy least-squares regression model (FLSR) is used. The findings indicate that the welfare level index increased about 4.8, 3.1 and 2.7 percent during 2002-2007, 1997-2001 and 1992-1996 respectively. According to the findings, the highest level of social welfare improvement in Iran has occurred during 1997-2007. The results of the fuzzy regression show that the unemployment rate, inflation rate and Gini coefficient have an inverse relation with the cardinal welfare in both Pareto and non-Pareto cases while the literacy rate and government expenditures have a positive relation with the welfare. The findings also imply that there is a positive relationship between economic growth and welfare level in Iran |
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| Keywords: Welfare, Sen\'s Index, Macroeconomic Variables, Fuzzy Regression |
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Full-Text [PDF 398 kb]
(4274 Downloads)
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Type of Study: Applicable |
Subject:
General
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