Dollar movements and inflation: a cointegration analysis

Manning, Linda M.; Andrianacos, Dimitri

doi:10.1080/00036849300000152

Cited by 18 publications

(4 citation statements)

References 19 publications

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“…Co-integrated variables are nonstationary but their linear combination is stationary. They ''move together over time so that short-run disturbances from the long-term trend will be corrected'' (Manning and Adriacanos, 1993). A lack of co-integration suggests instead no longrun relationship between variables: ''they can wander arbitrarily far away from each other'' (Dickey et al, 1991).…”

Section: Co-integration Testsmentioning

confidence: 99%

Price transmission between products at different stages of manufacturing in forest industries

Zhou¹,

Buongiorno²

2005

JFE

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The theory of demand and supply implies a positive relationship, or ''price transmission'' between the prices of products at different stages of manufacturing. This relationship was investigated with quarterly prices of softwood stumpage in the US South, and national prices of forest products, from 1977 to 2002. All prices, net of inflation, were found to be nonstationary and there was no evidence of co-integration between prices. Vector autogressive models, augmented by Granger causality tests and multiplier analysis showed that there was a one-to-one permanent positive response of the southern sawtimber stumpage price to a permanent change in the national lumber price. There was also a one-third permanent positive response of the national paper price to a permanent change in the national pulp price. There was no relation between regional pulpwood prices and national pulp or paper prices. When price transmission was significant, the full adjustment took about 2 years. r

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Section: Co-integration Testsmentioning

confidence: 99%

Price transmission between products at different stages of manufacturing in forest industries

Zhou¹,

Buongiorno²

2005

JFE

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“…Again, it is reasonable to be conscious of the fact that, for any equilibrium relationship, short run disequilibrium is possible. This explains why Gemmell (1990) and Manning and Adriacanos (1993) argued that in a situation where evidence of cointegration cannot be clearly established among variables, it may still be necessary to examine their short-run relationships. As Akpan (2011) observed, the argument is that though a long-run relationship cannot be established among variables for a given time period, it may still be possible that they are causally related in the short-run.…”

Section: Empirical Results and Analysismentioning

confidence: 99%

Determinants of Economic Growth in Nigeria: Population Perspective

Esu¹,

Udonwa²

2016

JWER

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There has been intense debate in the literature on what determines growth in an economy. Some scholars believe that increases in the population of a nation tantamount to economic progress, in that, it provides a huge base of labour force. However, others have argued that these increases could be a curse rather than a blessing, because if the increase in the number of people in the economy is not supported with conscious efforts at training and holistic development of human capital, then disaster is eminent. But a few scholars also believe that population assumes a neutral position in economic growth process, that is, population does not directly impact growth directly, but it interaction with other growth determinants (such as human capital development, research and development, technology and so on) is what actually determine growth or otherwise in the economy. This paper therefore sought to assess the role of these growth determinants in economic growth performance in Nigeria. The study employed time series data for the period 1981-2013. Using Augmented Cobb-Douglass Production Function (gleaning from Solow Growth Model), and relying on error correction modelling framework, the econometric results established the fact that population growth has the potentials of fostering economic growth in Nigeria, but underlined the fact that this and other benefits would depend on, not only the chunk of the entire population that is active, but the quality of the population. Amongst other policy options suggested, it was advocated that policy measures that will foster target-oriented and skill-enhancing education and training should be designed and implemented. Provision of accessible and affordable healthcare for a healthy population was also advocated if Nigeria's population growth must be advantageous.

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“…Bu çalışmaların analiz dönemleri, frekansları farklı olduğu gibi bulguları da farklılıklar göstermektedir. Çeşitli dönemler ve farklı ülkeler için yapılan Granger nedenselliği analizleri sonucunda çift yönlü nedensellik bulgusuna ulaşanlara Koldhy ve Sohrabian (1990) (Almanya ve Japonya için), Altınay (1996), Nourzad (1997), Tarı (1997), Siregar (1999) (alt dönemler için), Maswana (2006) ve Güven ve Uysal(2013); döviz kurundan enflasyona tek yönlü nedensellik bulgusuna ulaşanlara Kholdy ve Sohrabian (1990) (Kanada için), Manning ve Andrianacos (1993), Fisunoğlu ve Çabuk (1998), Koch, Rosensweig ve Witt (1998), Mihaljek ve Klau (2001), Koç ve Abasız (2002), Telatar ve Telatar (2003), Gül ve Ekinci(2006) ve Yanar (2008); enflasyondan (fiyat değişmeleri) döviz kuruna tek yönlü nedensellik bulgusuna ulaşanlara ise Man-ning ve Andrianacos (1993), Rittenberg (1993), Rahman, Mustafa ve Bailey (1996), Terzi ve Zengin(1996), Kim (1998), Siregar (1999) (tüm dönem için) örnek olarak verilebilir. Agayev(2011) ise Azerbaycan için yaptığı analizler sonrasında bu iki değişken arasında eştümleşmenin ve nedenselliğin olmadığı bulgusuna ulaşmıştır.…”

Section: Konunun Neden Seçi̇ldi̇ği̇ Ve Oluşturulan Varsayimlarunclassified

Enflasyon-Faiz Oranı ve Enflasyon-Döviz Kuru İkilemi: GEG Programı Döneminde Türkiye Gerçeği

Akgül¹,

Özdemir²,

Soyadı³

2018

eab

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This study aims to bring out whether the Central Bank's or politicians statements are valid on the relationships between both interest rate and inflation rate and exchange rate and inflation rate. Analyzing period covers the period between 2006 and 2013 so as to cover program for Turkey 's Transition to Strong Economy. Furthermore analysis are made for two sub-periods in concordance with breakdown dates, and the causality between both interest rate and inflation rate and exchange rate and inflation rate is examined for each sub periods. The analysis of abovementioned relationships for the variables which are determined stationary but non-linear is implemented by Diks-Panchenko nonlinear causality test. After the analysis we find that there are sub-periods in which both two ideas are valid or there are sub-periods only one idea is valid. Findings can be a guide and provide important information to the policy makers how to deal with the relationships between economic variables.

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Dollar movements and inflation: a cointegration analysis

Cited by 18 publications

References 19 publications

Price transmission between products at different stages of manufacturing in forest industries

Price transmission between products at different stages of manufacturing in forest industries

Determinants of Economic Growth in Nigeria: Population Perspective

Enflasyon-Faiz Oranı ve Enflasyon-Döviz Kuru İkilemi: GEG Programı Döneminde Türkiye Gerçeği

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