indicates that the lagged values of both stock index and saving rate don’t have influence on the current value of GDP. However‚ we find that the lagged value of stock index does have impact on saving rate. We conclude that one of the most important reason lead to this result should due to small sample size and data of saving rate still remains non-stationary under the condition of I(1). Key words: vector autoregressive‚ GDP‚ stationary‚ saving rate stock index Methodology and variable description
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1) Suppose you are a portfolio manager for the MBA Advisor Nikkei 225 index fund‚ which has Y100 billion in assets linked to the Nikkei 225 index. What should you do when you hear news of the index redefinition? In your preparation‚ you should consider: a) The construction of the Nikkei index and the portfolio weights it gives rise to. In order to minimize risk‚ they would like to sell stocks to be deleted and buy stocks to be added to rebalance the portfolios and swap the deletions and additions
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Living an economy with high levels of economic freedom reflect areas that have higher incomes‚ longer life expectancies and less unemployment. (Economic freedom 2011) The Heritage Foundation‚ in collaboration with the Wall Street Journal publishes the Index of Economic Freedom. This publication reveals the results of measuring economic freedom of different countries in the world‚ as well as ranking them. The Heritage Foundation includes multiple components when measuring economic freedom; some of these
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It can be gleaned from the table that hr1 (Body Mass Index) with a r-value of -0.197 was found to be negatively correlated to Intellectual Wellness‚ while hr3 (Flexibility fitness) with a computed r-value of 0.178 was found to be correlated with Intellectual Wellness‚ both at .05 level of significance. This implies that if a person has a high Body Mass Index‚ correspondingly‚ the level of his/her mental wellness becomes low and if a person’s flexibility
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December on tight supplies LONDON‚ January 9‚ 2013 - Prices in the $3-trillion-plus global petrochemicals market climbed 2% to $1‚350 per metric ton (/mt) in December‚ according to the just-released monthly average of the Platts Global Petrochemical Index (PGPI)‚ a benchmark basket of seven widely used petrochemicals. This follows a drop of 2% in November. But on a year-over-year basis‚ petrochemical prices were up 16% from the December 2011 average price of $1‚161/mt‚ according to data published
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A&M University‚ United States a r t i c l e i n f o Article history: Received 23 February 2011 Accepted 2 August 2011 Available online 16 September 2011 Keywords: China World equity markets Vector autoregression Variance decomposition Spillover index Financial crisis JEL classification: G15 F36 a b s t r a c t We propose measures of the directional volatility spillovers between the Chinese and world equity markets based on Diebold and Yilmaz ’s (2011b) forecast-error variance decompositions in
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PROJECT WORK FOR ADDITIONAL MATHEMATICS 2010 Statistics in Our Life NAME : ANTHONIUS ANAK GRENSON SUBJECT TEACHER : SIR SAHARUDDIN I/C NUMBER : 930113-13-5157 SCHOOL : SEKOLAH MENENGAH SAINS SABAH Contents No | Contents | Page | 1 | Acknowledgement | | 2 | Introduction | | 3 | Part 1 | | 4 | Part 2 | | 5 | Part 3 | | 6 | Conclusion | | 7 | Further Exploration | | 8 | References | | Acknowledgement I would like to thank
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Relationship between Economic Freedom and Variations in Wealth The 2012 Index of Economic Freedom‚ indicates that the least government interaction with the economy of the country‚ the more freedoms that are provided to the individuals in country provides the individuals the most opportunity for individual wealth and prosperity (Index of Economic Freedom‚ 2012). Based on the information provided by the 2012 Index of Economic Freedom‚ the least governmental interactions with the economy‚ the
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China Labor costs Japan’s employers pay higher hourly labor costs‚ including wages and social security payments‚ at 21.9 euros per hour (2‚400 yen). But in China‚ there is an unbalanced labor cost between inland China and coastal area of China. China has a lower cost compare with Japan. For the company‚ choice central and western China to build factories can reduce labor costs. Marketing factors China is the world’s most important CD‚ DVD players market. The growing wealth of the Chinese people
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A Study on COMMODITIES MARKET in india in partial fulfillment for the award of the degree of Master of Business Administration By Bethi Navatha Kumari in [pic] school of management studies Jawaharlal nehru Technological university Kukatpally‚ hyderabad June 2009 Acknowledgement Apart from the efforts of me‚ the success of this project depends largely on the encouragement and guidelines of many others. I take this opportunity to express my gratitude to the people who
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