ISSN 2394-5125
 

Review Article 


EFFECT OF CORRUPTION AND THE RULE OF LAW ON STAGFLATION IN IRANíS ECONOMY: AN INSTITUTIONAL APPROACH

MORTEZA EBRAHIMI, MOHAMMAD-TAHER AHMADI SHADMEHRI, HASSAN TAHSILI, SAYYED MAHDI MOSTAFAVI.

Abstract
Stagflation is considered a disaster in the economy of a country and can have irreparable economic, political, and social adverse effects. In the third world
countries, this phenomenon is more prevalent and due to the existing defective economic structures. In Iran, stagflation has existed since long ago and
has been left untackled. The present research aims to explore the role of the aforementioned factors in Iranís stagflation from 1984 to 2017 by employing
an institutional approach. Therefore, this study sought to investigate the effects of social, political, economic, and cultural institutions on economic
problems, namely stagflation. The obtained results of logistic regression indicated that there was a significant positive relationship between corruption
and stagflation. On the other hand, the rule of law could negatively affect stagflation. These findings suggest the establishment of severe preventive rules
which can discourage violators from committing the crime.

Key words: Stagflation, institutionalism, rule of law, corruption.


 
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How to Cite this Article
Pubmed Style

MORTEZA EBRAHIMI, MOHAMMAD-TAHER AHMADI SHADMEHRI, HASSAN TAHSILI, SAYYED MAHDI MOSTAFAVI. EFFECT OF CORRUPTION AND THE RULE OF LAW ON STAGFLATION IN IRANíS ECONOMY: AN INSTITUTIONAL APPROACH. JCR. 2020; 7(17): 3496-3501. doi:10.31838/jcr.07.17.436


Web Style

MORTEZA EBRAHIMI, MOHAMMAD-TAHER AHMADI SHADMEHRI, HASSAN TAHSILI, SAYYED MAHDI MOSTAFAVI. EFFECT OF CORRUPTION AND THE RULE OF LAW ON STAGFLATION IN IRANíS ECONOMY: AN INSTITUTIONAL APPROACH. http://www.jcreview.com/?mno=36460 [Access: April 17, 2021]. doi:10.31838/jcr.07.17.436


AMA (American Medical Association) Style

MORTEZA EBRAHIMI, MOHAMMAD-TAHER AHMADI SHADMEHRI, HASSAN TAHSILI, SAYYED MAHDI MOSTAFAVI. EFFECT OF CORRUPTION AND THE RULE OF LAW ON STAGFLATION IN IRANíS ECONOMY: AN INSTITUTIONAL APPROACH. JCR. 2020; 7(17): 3496-3501. doi:10.31838/jcr.07.17.436



Vancouver/ICMJE Style

MORTEZA EBRAHIMI, MOHAMMAD-TAHER AHMADI SHADMEHRI, HASSAN TAHSILI, SAYYED MAHDI MOSTAFAVI. EFFECT OF CORRUPTION AND THE RULE OF LAW ON STAGFLATION IN IRANíS ECONOMY: AN INSTITUTIONAL APPROACH. JCR. (2020), [cited April 17, 2021]; 7(17): 3496-3501. doi:10.31838/jcr.07.17.436



Harvard Style

MORTEZA EBRAHIMI, MOHAMMAD-TAHER AHMADI SHADMEHRI, HASSAN TAHSILI, SAYYED MAHDI MOSTAFAVI (2020) EFFECT OF CORRUPTION AND THE RULE OF LAW ON STAGFLATION IN IRANíS ECONOMY: AN INSTITUTIONAL APPROACH. JCR, 7 (17), 3496-3501. doi:10.31838/jcr.07.17.436



Turabian Style

MORTEZA EBRAHIMI, MOHAMMAD-TAHER AHMADI SHADMEHRI, HASSAN TAHSILI, SAYYED MAHDI MOSTAFAVI. 2020. EFFECT OF CORRUPTION AND THE RULE OF LAW ON STAGFLATION IN IRANíS ECONOMY: AN INSTITUTIONAL APPROACH. Journal of Critical Reviews, 7 (17), 3496-3501. doi:10.31838/jcr.07.17.436



Chicago Style

MORTEZA EBRAHIMI, MOHAMMAD-TAHER AHMADI SHADMEHRI, HASSAN TAHSILI, SAYYED MAHDI MOSTAFAVI. "EFFECT OF CORRUPTION AND THE RULE OF LAW ON STAGFLATION IN IRANíS ECONOMY: AN INSTITUTIONAL APPROACH." Journal of Critical Reviews 7 (2020), 3496-3501. doi:10.31838/jcr.07.17.436



MLA (The Modern Language Association) Style

MORTEZA EBRAHIMI, MOHAMMAD-TAHER AHMADI SHADMEHRI, HASSAN TAHSILI, SAYYED MAHDI MOSTAFAVI. "EFFECT OF CORRUPTION AND THE RULE OF LAW ON STAGFLATION IN IRANíS ECONOMY: AN INSTITUTIONAL APPROACH." Journal of Critical Reviews 7.17 (2020), 3496-3501. Print. doi:10.31838/jcr.07.17.436



APA (American Psychological Association) Style

MORTEZA EBRAHIMI, MOHAMMAD-TAHER AHMADI SHADMEHRI, HASSAN TAHSILI, SAYYED MAHDI MOSTAFAVI (2020) EFFECT OF CORRUPTION AND THE RULE OF LAW ON STAGFLATION IN IRANíS ECONOMY: AN INSTITUTIONAL APPROACH. Journal of Critical Reviews, 7 (17), 3496-3501. doi:10.31838/jcr.07.17.436