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Several studies considered oil price as exchange rate determinants. The novelty of our paper is to test if the lagged oil price are statistically significant predictors of Moroccan and Tunisian exchange rate. We consider a stricter GARCH specifications (linear versus nonlinear, symmetric versus...
Persistent link: https://www.econbiz.de/10011108802
the effects of oil price, external reserves and interest rate on exchange rate volatility in Nigeria using annual data … exchange rate volatility in Nigeria; which implies that exchange rate is susceptible to changes in oil price. The study … rate volatility significantly in Nigeria. …
Persistent link: https://www.econbiz.de/10011109692
autoregressive conditional heteroskedasticity (GARCH) model. Trend and volatility are estimated jointly with the maximum likelihood …
Persistent link: https://www.econbiz.de/10008636497
This study examines the impact of oil shocks on the real exchange rate and the gross domestic product in Norway using time series data from 1975 to 2008. The vector autoregressive has been implemented using the cointegration and the Granger causality test. The results of the study show that the...
Persistent link: https://www.econbiz.de/10008560123
Using two data series, namely GDP and the index of industrial production, we study the relationship between output variability and the growth rate of output. Ng-Perron unit root test shows that the growth rate of GDP is non-stationary but the growth rate of industrial output is stationary. Thus,...
Persistent link: https://www.econbiz.de/10005835862
This study examines the effects of terms of trade and its volatility on economic growth for a sample of 94 developed … estimation results indicate significant positive effect of terms of trade on economic growth. Furthermore, volatility of terms of … has been performed using different additional variables, sample size and various proxies of volatility variable. The …
Persistent link: https://www.econbiz.de/10009203631
, growth volatility emerge. This indeterminacy can be eliminated by an institutional mechanism that commits to a minimum level … growth path, we argue that such structural differences can account for the negative correlation between volatility and growth. …
Persistent link: https://www.econbiz.de/10009132733
This paper investigated the effect of terms of trade growth and its volatility on economic growth in Sub-Saharan Africa … effect on economic growth. Furthermore, the result proved that volatility of net barter terms of trade and income terms of … volatility measures. …
Persistent link: https://www.econbiz.de/10011107298
This study investigates the effect of terms of trade and its volatility on economic growth in India by using the annual … between terms of trade and economic growth. On the other hand, volatility of terms of trade has negative and significant … exports to minimize the volatility in terms of trade to ensure economic growth in the country. …
Persistent link: https://www.econbiz.de/10011111036
This paper examines the effects of trade on economic growth and growth volatility. Using the 1967-1975 closure of the … recession or economic slowdown. There is no evidence that trade reduces growth volatility, however. …
Persistent link: https://www.econbiz.de/10011112311