Research ArticleOpen accessIn the keywordsCredit Market Development and Economic Growth an Empirical Analysis for United KingdomAthanasios Vazakidis, Antonios AdamopoulosProblem statement: This study investigated the causal relationship between credit market development and economic growth for UK for the period 1975-2007 using a Vector Error Correction Model (VECM). Questions were raised whether economic growth spurs credit market development taking into account the negative effect of inflation rate on credit market development. This study aimed to investigate the short-run and the … …American Journal of Economics and Business Administration, Vol. 3, Issue 3 · 29 Nov 2011 · 7,238 accessesView PDFCite
Research ArticleOpen accessIn the keywordsRegionalism in East Asia: The Role of North East Asian NationsFithra Faisal HastiadiProblem statement: For the past few years, regionalism has been progressing in East Asia with the likes of China, Japan and Korea (CJK) as the most prominent actors. Unfortunately, with the absence of trade arrangement amongst the CJK, the present regional trade scheme is not sufficient to reach sustainability. Thus, the study aims to give the solution to the problem. … …American Journal of Economics and Business Administration, Vol. 3, Issue 2 · 7 Apr 2011 · 6,939 accessesView PDFCite
Research ArticleOpen accessIn the abstractDynamic Relationship Between Rupee-Dollar Exchange Rate and Major Economic IndicatorsAbhinandan Kulal, Deepak Kallige Vishwanath, Sanath Kumar KanthilaIt is very likely that dollar to rupee exchange rate has an influence on the major economic indicators of India like the GDP of India, the NIFTY 50 index, gold prices in India, import prices in India, and crude oil prices in India. The quarterly time series data of the seven variables have been used. The time considered for the … …American Journal of Economics and Business Administration, Vol. 15, Issue 1 · 17 Aug 2023 · 6,448 accessesView PDFCite
Research ArticleOpen accessIn the abstractMonetary Policy in a Markov-Switching VECM: Implications for the Cost of Disinflation in GhanaRichard Kwabi Ayisi, Joseph AduMonetary policy assessment in Ghana has been conducted using vector auto-regression. This however, presumes stability of long run outcomes and particularly ignores monetary policy regime changes that has characterized the economy overtime. This study thus introduced the possibility of switches in the long run equilibrium in co-integrated vector auto-regression by allowing both the covariance and weighting matrix in the error-correction … …American Journal of Economics and Business Administration, Vol. 8, Issue 2 · 18 Mar 2017 · 8,548 accessesView PDFCite
Research ArticleOpen accessIn the abstractAn Empirical Analysis of Supply Response of Rubber in MalaysiaGhulam Mustafa, Ismail Abd Latif, Henry EgwumaSupply response of rubber to changes in economic incentives is analysed using co-integration approach. Time series data is taken for the period 1990 to 2014 and the vector error correction model framework has been applied. The empirical results confirmed the existence of a unique long-run equilibrium relationship among planted acreage, the relative price of rubber and price of fertilizer. Further, … …American Journal of Agricultural and Biological Sciences, Vol. 11, Issue 4 · 25 Nov 2016 · 7,493 accessesView PDFCite
Research ArticleOpen accessIn the abstractStock Market Development and Economic Growth an Empirical AnalysisVazakidis Athanasios, Adamopoulos AntoniosThis study investigated the causal relationship between stock market development and economic growth for Greece for the period 1978-2007 using a Vector Error Correction Model (VECM). Questions were raised whether stock market development causes economic growth taking into account the negative effect of interest rate on stock market development. The purpose of this study was to investigate the short-run and … …American Journal of Economics and Business Administration, Vol. 4, Issue 2 · 12 Jun 2012 · 13,859 accessesView PDFCite
Research ArticleOpen accessIn the abstractCredit Market Development and Economic Growth an Empirical Analysis for GreeceAthanasios Vazakidis, Antonios AdamopoulosProblem statement: This study investigated the relationship between credit market development and economic growth for Greece for the period 1979-2007 using a Vector Error Correction Model (VECM). Questions were raised whether economic growth spurs credit market development taking into account the negative effect of inflation rate on credit market development. This study aimed to investigate the short-run and the long-run … …American Journal of Applied Sciences, Vol. 8, Issue 6 · 13 Jun 2011 · 6,881 accessesView PDFCite
Research ArticleOpen accessIn the abstractA Causal Relationship between Financial Market Development and Economic GrowthAthanasios Vazakidis, Antonios AdamopoulosProblem statement: This study investigated the causal relationship between financial market development and economic growth for United Kingdom for the period 1965-2007 using a Vector Error Correction Model (VECM). Questions were raised whether financial market development causes economic growth or reversely taking into account the negative effect of interest rate. The objective of this study was to examine the causal … …American Journal of Applied Sciences, Vol. 7, Issue 4 · 30 Apr 2010 · 7,678 accessesView PDFCite
Research ArticleOpen accessIn the abstractThe Relationship between Credit Market Development and Economic GrowthAntonios AdamopoulosProblem statement: This study investigated the relationship between credit market development and economic growth for Spain for the period 1976-2007 using a Vector Error Correction Model (VECM). Questions were raised whether economic growth spurs credit market development taking into account the negative effect of inflation rate and investments on credit market development. This study aimed to investigate the short-run and … …American Journal of Applied Sciences, Vol. 7, Issue 4 · 30 Apr 2010 · 7,697 accessesView PDFCite