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Estimating the Effect of Macroeconomic Variables on Charity (Infaq)
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Mortaza Ezati *   , Parvaneh Noor Mohammadlu |
| University of Tarbiat Modarres , mezzati@modares.ac.ir |
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Abstract: (9466 Views) |
| Charity is an Islamic tool for poverty alleviation and achieving justice. It also brings maturity and evolution to the payer of which and subsequently to the community. Due to its economic nature, it can be influenced by the economic and social variables. This paper estimates the effects of distress and volatilities of the markets on Charity. It's been tried to estimate the effects of some of the main economic variables on Charity: The Effects of variables of income (production) that reflect economic recovery, the number of the religious institutions which indicates the size of market, as substitutes for making Charity through Relief Committee, Unemployment and inflation, as signs of disorder in labor market and the market for goods and services, as well as the government expenditure that shows the injection to the society. Pooled data method along with econometric models has been used for the study. The data are for the years 1999- 2007. The results indicate that Charity is positively correlated with the provincial income per capita and the Governments spending while negatively correlated with the number of substitutes to charity organizations, inflation and unemployment. It also reflects the low elasticity of provincial per capita charity with the provincial per capita income as well as the number of religious institutes indicating that it is regarded as a necessary expense. |
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| Keywords: Charity, Religious Institutions, Inflation, Unemployment, GDP, Pooled Data |
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Full-Text [PDF 417 kb]
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Type of Study: Research |
Subject:
Special
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