scholarly journals A Time Series Analysis of U.K. Lottery Sales: Long and Short Run Price Elasticities

1999 ◽  
Vol 61 (4) ◽  
pp. 513-526 ◽  
Author(s):  
Lisa Farrell ◽  
Edgar Morgenroth ◽  
Ian Walker
Author(s):  
Mohammad Karim Ahmadzai

Wheat is the most important food crop in Afghanistan, whether consumed by the bulk of the people or used in various sectors. The problem is that Afghanistan has a significant shortfall of wheat between domestic production and consumption. Thus, the present study looks at the issue of meeting self-sufficiency for the whole population due to wheat shortages. To do so, we employ time series analysis, which can produce a highly exact short-run prediction for a significant quantity of data on the variables in question. The ARIMA models are versatile and widely utilised in univariate time series analysis. The ARIMA model combines three processes: I the auto-regressive (AR) process, (ii) the differencing process, and (iii) the moving average (MA) process. These processes are referred to as primary univariate time series models in statistical literature and are widely employed in various applications. Where predicting future wheat requirements is one of the most important tools that decision-makers may use to assess wheat requirements and then design measures to close the gap between supply and consumption. The present study seeks to forecast Production, Consumption, and Population for the period 2002-2017 and estimate the values of these variables between 2002 and 2017. (2018-2030).  


2017 ◽  
Vol 104 (4 - 6) ◽  
Author(s):  
Thomas Felix K ◽  
◽  
Divya Bharathi R ◽  
Achudhan S

The purpose of this study is to explore the long-run relationships and short-run dynamic interactions between environmental degradation (proxied by carbon dioxide, CO2 emissions) and the independent variables of consumption (proxied by income level or gross domestic product, GDP per capita) and energy use in India over the period 1975 to 2015, using time-series analysis. The multivariate cointegration methodology is applied in this study to establish the possible causal relations between the variables concerned. The cointegration test and the vector error correction model display the evidence of a positive long-run relationship between consumption and environmental degradation, while energy use is negatively related to environmental degradation. The long-term elasticity coefficients of the exploratory variables on environmental degradation display relationships that are theoretically grounded. The study concludes with an examination of policy implications of the findings.


2019 ◽  
Vol 5 (2) ◽  
pp. 89-102
Author(s):  
Johnson Worlanyo Ahiadorme ◽  
Emmanuel Sonyo ◽  
Godwin Ahiase

The study utilized time series analysis models and employed the Johansen’s cointegration procedure and the vector error correction model to examine the short-run and long-run dynamics of the relationship between interest rates and stock market returns. The results of this study show that contrary to popular evidence from extant research, interest rate changes positively and significantly affect stock market returns in the long run and the deviation from the long-run equilibrium is corrected each period following a shock to the stock market in the short run. The positive linkages between interest rate changes and stock market outturns may be explained by the relative strength of banking stocks on the Ghana Stock Exchange. The analysis shows that as the long-run equilibrium is approached, the deviations in the short term decrease significantly.


2019 ◽  
Vol 9 (3) ◽  
pp. 134
Author(s):  
Syeda Sumaiya Habib ◽  
Md. Shahanawaz Sharif ◽  
Mohammad Amzad Hossain

The main objective of this study is to analyze the nexus between economic growth, tourism revenue, and financial development in Bangladesh. This paper uses time series data from 1995 to 2016. Advance technique of time series analysis: Johansen Cointegration Approach is used to test the Cointegration among variables. Moreover, the Vector Error Correction (VECM) has been applied to study the long run and short run association among variables. The outcome of this study reveals that the tourism revenue and financial development has positive impact on economic growth in the long run. Variance decomposition and impulse response function also supports the positive association. According to the estimation of Granger Causality also reveals the unilateral direction in short run economic growth to tourism revenue. Providing more credit by financial sector to invest more on infrastructure and promoting Bangladesh as well as insuring proper security for foreign visitors would increase the revenue of this sector, which in turn stimulates economic growth of the country.


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