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16 articles for “ARDL”

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Research ArticleOpen accessEvery word in the titleTrade-GDP Nexus in Iran: An Application of the Autoregressive Distributed Lag (ARDL) ModelMosayeb Pahlavani, Ed Wilson, Andrew C. WorthingtonThis study employed annual time series data (1960-2003) and unit root tests with multiple breaks to determine the most likely times of structural breaks in major factors impacting on the trade-GDP nexus in Iran We found, inter alia, that the endogenously determined structural breaks coincided with important events in the Iranian economy, including the 1979 Islamic revolution and the outbreak … …American Journal of Applied Sciences, Vol. 2, Issue 7 · 31 Jul 2005 · 8,516 accessesView PDFCite
Research ArticleOpen accessIn the keywordsWest African Emerging Economies: Comparative Insights on Ghana’s and Nigeria’s Stock Market DevelopmentFisayo Fagbemi, John Oluwasegun AjibikeThe study examines the long-run and causal relationship between stock market development and West African emerging economies in a comparative context of Ghana and Nigeria. Based on Autoregressive Distributed Lag (ARDL) bounds test approach, the findings support the evidence of long-run cointegration between stock market development and economic growth in Ghana, whereas further evidence reveals an insignificant positive long-run impact … …American Journal of Economics and Business Administration, Vol. 14, Issue 1 · 2 Dec 2022 · 6,548 accessesView PDFCite
Research ArticleOpen accessIn the keywordsStock Market Development and Economic Growth in SADC RegionSanderson Abel, Nzwirashe Magomana, Beatrice Makamba, Pierre Le RouxThe study investigates the relationship between stock market development and economic growth in the Southern African Development Community (SADC) region for the period 1993-2017. The controversy around the stock market development and economic growth nexus is of concern to the SADC which has been experiencing retarded growth while their stock markets are at different levels of development. To establish the … …Journal of Social Sciences, Vol. 17, Issue 1 · 3 Jun 2021 · 7,302 accessesView PDFCite
Research ArticleOpen accessIn the keywordsImpact of Financial and Trade Openness on Financial Development in Emerging Market Economies: The Case of TurkeyEsin CakanThe study aims to examine whether the intensity of financial openness, trade openness and foreign direct investment promoted financial development in Turkey for the period 1974–2014. Three financial development indicators are used constructing the data from the World Development Indicators. Autoregressive Distributed Lag Model (ARDL) and the bounds tests are employed to show the long run relationship among variables. The … …American Journal of Economics and Business Administration, Vol. 9, Issue 4 · 30 Mar 2018 · 8,193 accessesView PDFCite
Research ArticleOpen accessIn the keywordsThe Exchange Rate Pass-Through into Inflation with Symmetric Oil Price Shocks: An Empirical Analysis for Saudi Arabia: 1970-2015Abdulaziz Hamad AlgaeedThe purpose of this paper is to analyze theoretically and empirically the relationship between inflation as a dependent variable and bilateral exchange rate, output gap and symmetric oil price shocks. The ARDL methodology is employed considering the period of 1970-2015. The exchange rate pass-through to inflation will be thoroughly investigated. Johansen’s testing procedure confirms the existence of long-run relationships between … …American Journal of Applied Sciences, Vol. 15, Issue 1 · 26 Jan 2018 · 7,931 accessesView PDFCite
Research ArticleOpen accessIn the keywordsEXPORTS, FOREIGN DIRECT INVESTMENT AND ECONOMIC GROWTH: EMPIRICAL EVIDENCE FROM MALAYSIA (1971-2013)Muhammad Haseeb, Nira Hariyatie Hartani, Nor’ Aznin Abu Bakar et al.The main objective of this study is to empirically investigate the relationship between exports, Foreign Direct Investment (FDI) and the economic growth in Malaysia. Records of annual time series data from the year 1971 till 2013 have been utilized for this purpose. Upon testing the data for stationarity, the Auto Regressive Distributed Lag (ARDL) model has been applied for the … …American Journal of Applied Sciences, Vol. 11, Issue 6 · 15 Apr 2014 · 8,622 accessesView PDFCite
Research ArticleOpen accessIn the keywordsTo Investigation the Relationship between Monetary, Fiscal Policy and Economic Growth in Iran: Autoregressive Distributed Lag Approach to CointegrationAnvar Khosravi, Mohammad Sharif KarimiProblem statement: It is important for policy makers to find affect of monetary and fiscal policy on economic growth and to know how those impacts on growth to present a effective policies. Approach: We apply the bounds testing (ARDL) approach and to cointegration which is more appropriate for estimation in small sample studies. The data span for the study is … …American Journal of Applied Sciences, Vol. 7, Issue 3 · 31 Mar 2010 · 9,079 accessesView PDFCite
Research ArticleOpen accessIn the keywordsA Bound Test Approach to Cointegration of Tourism DemandFateh Habibi, Khalid Abdul RahimProblem statement: Given the high contribution of tourism industry in the Malaysian economy, Malaysia has a vast view to increase its market share of the international tourist arrivals in the Asia Pacific region. Therefore, this study attempts to investigate the long run and short run demand for tourism from top ten markets (country). Approach: To accomplish this objective the ARDL … …American Journal of Applied Sciences, Vol. 6, Issue 11 · 30 Nov 2009 · 7,217 accessesView PDFCite
Research ArticleOpen accessIn the keywordsBounds Testing Approach to Cointegration: An Examination of Foreign Direct Investment Trade and Growth RelationshipsOteng Abayie Eric Fosu, Frimpong Joseph MagnusThis study examines the long-run impact of foreign direct investment and trade on economic growth in Ghana. Using an augmented aggregate production function (APF) growth model, we apply the bounds testing (ARDL) approach to cointegration which is more appropriate for estimation in small sample studies. The data span for the study is from 1970 to 2002. We found cointegration relations … …American Journal of Applied Sciences, Vol. 3, Issue 11 · 30 Nov 2006 · 9,329 accessesView PDFCite
Research ArticleOpen accessIn the keywordsSingle-Digit Inflation Targeting and Economic GrowthRichard AyisiIn recent times, most central banks have adopted inflation-targeting monetary policy approach aimed primarily to achieve single-digit inflation. Though, the literature suggest that low level of inflation promotes economic growth, the literature is silent on the threshold inflation level needed to promote growth. Studies in developing countries that seek to estimate the threshold level of inflation that promotes economic growth … …American Journal of Economics and Business Administration, Vol. 5, Issue 1 · 4 Sep 2013 · 7,364 accessesView PDFCite