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the period of 1972-2013. Time series econometric techniques like unit root test, Johansen cointegration and Granger … causality methods have been used for the data analysis. Long run cointegration relationship has been found between domestic … between investment and inflation is confirmed in neither direction. The results are statistically robust and the estimated …
Persistent link: https://www.econbiz.de/10011109021
North African Countries for the period 1980-2008. To this end, we use panel cointegration analysis and Error Correction …
Persistent link: https://www.econbiz.de/10011275130
This study sheds new light on the cross-sectional effects of inflation, which have substantial implications for stock … individual companies, focusing on the implications for both researchers and investment practitioners. I develop inflation …-adjustment procedures that are straightforward for investors to implement in real time for extracting the inflation effect on individual …
Persistent link: https://www.econbiz.de/10011259622
reciprocal relationship. The variable considered are: unemployment, inflation, consumptions, investments and current accounts. We … consumption, imports and corrent account, i) we show why a stable and growing inflation differential is not sustainable, but argue … that internal devalution is not an effective policy, pushing inflation rates to a worrisome lower level and even outright …
Persistent link: https://www.econbiz.de/10011261122
impact of inflation on stock market returns and volatility using monthly time series data from two West African countries … case holds for Ghana. Furthermore, inflation rate and its three month average were found to have significant effect on … stock market volatility in the two countries. Measures employed towards restraining inflation in the two countries …
Persistent link: https://www.econbiz.de/10009643216
The paper has twofold objectives. Firstly, the impact of the inflation rate on economic growth with the possibility of … between inflation and investment has been investigated. Inflation and growth models support the existence of a nonlinear … relationship with two thresholds (6 percent and 11 percent). Inflation below the first threshold affects economic growth positively …
Persistent link: https://www.econbiz.de/10008756483
Food inflation hurts poor more than rich as poor spend higher proportion of their income on food items compared to rich …. Higher global food and crude oil prices in 2008 resulted in higher (than historical average) food inflation in Pakistan …. Global food inflation caused food inflation in Pakistan. However, food inflation diffusion has been lower compared to non …
Persistent link: https://www.econbiz.de/10011114463
Between Keynes’s verbalized theory and its formal basis persists a lacuna. The conceptual groundwork is too small and not general. The quest for a comprehensive formal basis is guided by the question: what is the minimum set of foundational propositions for a consistent reconstruction of the...
Persistent link: https://www.econbiz.de/10009220654
(inflation) is introduced in the production function and is used to control the severity, persistence and magnitude of a given …
Persistent link: https://www.econbiz.de/10008514891
, we focus not only on real activity, which has received most attention to date, but also on inflation and its interaction … aspects concern a real activity decline that was unusually long but less unusually deep, and an inflation decline that was … unusually deep but brief; and (3) its real activity and inflation interactions were strongly positive, consistent with an …
Persistent link: https://www.econbiz.de/10008493139