Author
Abbas Shakeri
;
Farshad Momeni
;
Amir khadem A'alizadeh
;
Seyed Hadi Makhzan Mousavi
Publication Date
1398-01
Subject
compound indices, economic justice, economy of iran, index evaluation, islamic economics
Type
Periodical
Language
Persian
Digital
Yes
Manuscript
No
Library
University of Toronto
Library Asset ID
ISSN: 1735-3300, EISSN: 2588-5812, DOI: 10.30471/iee.2019.1585
Record ID
cdi_doaj_primary_oai_doaj_org_article_3b575c0bb3d04d288c3eb04028ee39be
Library Location
DOAJ Directory of Open Access Journals
Date
1398-01
Notes
Compound indices in economic literature are proper criteria to evaluate the function and the gap between the status quo and the goals of economic programs and policies. This research is aimed to present and evaluate the compound indices of economic justice from the viewpoint of Islamic approach using OECD method. The findings of the research show that “fair distribution of resources”, “paying attention to the rights of the production sources and factors and considering the rights of future generations”, “rewarding the production factors according to their desert and contribution”, “reproduction of income and wealth” and “thinking about the improvement of welfare of the society” are considered as the main parameters of the compound indices of economic justice considering the Islamic approach. Furthermore, the positive correlations between “physical index of the quality of life”, “the measure of the benefit from welfare facilities”, “efficiency of the production factors”, “Amartya Sen's welfare index”, “the ratio of the staff services compensations in national accounts to GDP” and “the ratio of investment in infrastructure facilities and equipment to harvesting natural resources index” are concluded in one hand. Negative correlation of the Foster, Greer and Thorbecke (FGT) Index with the procedure of economic justice is demonstrated on the other hand. According to the calculations, compound index of economic justice regarding Islamic approach has had a growing trend in Iran from 1995 to 2018 except for a few.
Erişim bilgileri
Access content in Directory of Open Access Journals, Available Online
