Journal of Social and Economic Policy‚ Vol. 6‚ No. 2‚ (2009) : 1-6 .fOOD PRICES AND MONEY SUPPLY: A CASUSALITY ANALYSIS .OR BANGLADESH ECONOMY QAZI MUHAMMAD ADNAN HYE*‚ KASHI. IMRAN & SABEEN ANWAR The impact of monetary shock on the food prices has been the hot issue in these days. This research attempts to investigate the direction of causality between the food prices and money supply in Bangladesh‚ using ARDL causality test. Empirical results show unidirectional causality from money supply
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of terrorism in Pakistan. The study evaluates the short- and long-run relationship between terrorism and economic factors over a period of 1975–2011. Both objectives have been achieved with the sophisticated econometrics techniques including cointegration theory‚ Granger causality test and variance decomposition‚ etc. The result reveals that macroeconomic factors‚ i.e.‚ population growth‚ price level‚ poverty and political instability cause the terrorism incidence in Pakistan. However‚ income inequality
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INTRODUCTION LITERATURE REVIEW The current economic crisis has become a major concern of all nations today. It has led policymakers and economists to rethink about the instrument for economics stability. One of the most damaging consequences of this crisis is the consumption instability‚ which negatively affects risk adverse agents’ welfare. As mentioned by Athahasoulis and van Wincoop (2000) as well as Pallage and Robes (2003)‚ consumption instability could have detrimental consequences for
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and exports in Pakistan by using time series data for the period between 1980 and 2000. Time series evidence shows that increase in exports has a significant effect on the economic growth of Pakistan in the previous two decades. This paper uses cointegration to check the causal relationship between export growth and economic growth in Pakistan. Granger Causality test shows that there is uni-directional causality between exports and economics growth in which running from exports to economic growth‚
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ISSN 0825-5822 The texts published in the series "Cahiers du CETAI" are solely the responsibility of their authors. Cahier de recherche THE NONORTHODOX CURRENCY BOARDS: THE CASE OF BULGARIA Nikolay NENOVSKY* and Kalin HRISTOV* 2001-01 January 2001 * Bulgarian National Bank‚ Research Department; University of National and World Economy‚ Department of Finance‚ Sofia‚ Bulgaria. Copyright © 2001. Centre d’études en administration internationale (CETAI)‚ École des Hautes Études commerciales
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of firm i pi1= Wage Rate pi2= Rental Price of Capital pi3= Fuel Price Taking the natural log of equation (1) log(TCi)= β1 + β2 log(Qi) + β3 log(pi1) + β4 log(pi2) + β5 log(pi3) + ei (2) where β1= (logµ) and ei= error term. Eviews Output of the log-log model is as follows: Dependent Variable: LOG(TC) Method: Least Squares Date: 06/12/13 Time: 12:47 Sample: 1 145 Included observations: 145 Variable Coefficient Std. Error
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Societies‚ 7‚ 139-158. * Arize‚ A. C. (2002). Imports and exports in 50 countries: test of cointegration and structural breaks. International Review of Economics and Finance‚ 11(1)‚ 101-15. * Baharumshah‚ A. Z.‚ Lau‚ E.‚ & Fountas‚ S. (2003) On the sustainability of current account deficits: evidence from four ASEAN countries. Journal of Asian Economics‚ 14 (3)‚ 465-87. * Bahmani-Oskooee‚ M. (1998). Cointegration approach to estimate the long-run trade elasticities in LDCs. International Economic
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University of Houston. He is the author of Econometric Analysis of Panel Data and Econometrics‚ and editor of A Companion to Theoretical Econometrics; Recent Developments in the Econometrics of Panel Data‚ Volumes I and II; Nonstationary Panels‚ Panel Cointegration‚ and Dynamic Panels; and author or co-author of over 100 publications‚ all in leading economics and statistics journals. Professor Baltagi is the holder of the George Summey‚ Jr. Professor Chair in Liberal Arts and was awarded the Distinguished
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Salary Inequality and Performance in MLB Introduction/Overview: This paper will explore the effect of team chemistry on performance in Major League Baseball (MLB). In the 2000s‚ the Yankees were a team of great individual talent‚ however‚ their lack of team unity was noticeable. In the playoffs‚ when heart‚ guts‚ and team chemistry matter greatly‚ the Yankees fell short and were easily eliminated each year. It wasn’t until 2009‚ when the Yankees acquired jokester Nick Swisher‚ prankster
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Impact of Currency Devaluation on Trade Balance of Pakistan In a developing country large amount of exports consist of primary commodities and exports earnings due to the relative inelasticity of supply and uncertain production levels of primary goods‚ are not only unpredictable‚ but also vulnerable to a number of factors. The developing countries also depend upon the advanced industrial countries for most of their developmental needs (technology‚ capital‚ and producer goods) and consumption
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