Artikel
Analysis of economic convergence of Islamic justice in selected Islamic countries
Justice is the most important principle in Islam and measures the extent to which decisions in Islamic countries comply with Islamic doctrine. Economic justice is a sub-domain of justice and is further subdivided to distributive justice. Distributive justice implies that improvement in economic well-being of an individual occurs to the detri-ment of another's. The present study investigates economic convergence of Islamic justice in selected Islamic countries (Albania, Bangladesh, Azerbaijan, Egypt, Guinea, Iran, Iraq, Jordan, Kazakhstan, Kosovo, Kyrgyzstan, Malaysia, Maldives, Niger, Pakistan, Senegal, Tajikistan, Turkey, Yemen And Tunisia) during 1995-2015 using beta-type con-vergence and generalized method of moment. It is argued that growth rate of income distribution in communities that suffer from bad income distribution system will move in the long run towards fair distribution. Results of absolute beta convergence indicate convergence of Gini coefficient at rate of 0.31. The Gini coefficient is significant at 1%. Moreover, results of conditional beta convergence reveal convergence of Gini coeffi-cient. Inflation rate and GDP positively affect this convergence.
- Language
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Englisch
- Bibliographic citation
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Journal: Journal of Economic Structures ; ISSN: 2193-2409 ; Volume: 9 ; Year: 2020 ; Issue: 24 ; Pages: 1-10 ; Heidelberg: Springer
- Classification
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Wirtschaft
Macroeconomic Analyses of Economic Development
Single Equation Models; Single Variables: Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes
Factor Income Distribution
- Subject
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Islamic justice
Economic convergence
Islamic countries
Beta-type convergence
Generalized method of moment
- Event
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Geistige Schöpfung
- (who)
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Emamzadeh, Mohammad Reza Alizadeh
- Event
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Veröffentlichung
- (who)
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Springer
- (where)
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Heidelberg
- (when)
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2020
- DOI
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doi:10.1186/s40008-020-00191-8
- Handle
- Last update
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10.03.2025, 11:45 AM CET
Data provider
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Artikel
Associated
- Emamzadeh, Mohammad Reza Alizadeh
- Springer
Time of origin
- 2020
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