scholarly journals Symmetric and Assymmetric Relationship between Real Sector Confidence Index and Industrial Production Index

Author(s):  
İbrahim BİCİL ◽  
Yasemin BAŞARIR
TRIKONOMIKA ◽  
2018 ◽  
Vol 17 (2) ◽  
pp. 43
Author(s):  
Isnaeni Octaviani ◽  
Mohammad Nur Rianto Al Arif

The essence of the Islamic economic system is strengthening the real sector. This research aims to analyze the effect of Islamic monetary instrument (such as SBIS, PUAS and Islamic bank financing in the real sector. This research uses the Vector Error Correction Model (VECM) as a method of analysis. The finding revealed that based on the VECM estimation test, in the long term SBIS and Islamic bank financing has a positive effect on the Industrial Production Index (IPI). Meanwhile, PUAS has an adverse effect toward Industrial Production Index (IPI). Besides, based on impulse response function (IRF) test, the shock of SBIS and PUAS responded positively by Industrial Production Index (IPI). Then based on the result of FEVD test, the variable of PUAS in the model of this research has the most significant contribution toward Industrial Production Index (IPI).


2013 ◽  
pp. 138-153 ◽  
Author(s):  
S. Smirnov

Calculation of the aggregated "consensus" industrial production index has made it possible to date cyclical turning points and to measure the depth and length of the main industrial recessions in Russian Empire/USSR/Russia for the last century and a half. The most important causes of all these recessions are described. The cyclical volatility of Soviet/Russian industry is compared to that of American one.


2021 ◽  
Vol 6 (15) ◽  
pp. 299-312
Author(s):  
Özlem KARADAĞ AK

The aim of this study is to examine the effects of economic growth and inflation on unemployment for the period 2005:1- 2020:9 in Turkey by using ARDL (Auto Regressive Distributed Lag) model. In the study, firstly unit root tests were carried out to determine whether economic growth (ind) and inflation (cpi) have long and short-term effects on unemployment (unemp). Then, the ARDL method was used to determine whether there is a long-term relationship between the series in the model where the unemployment rate is the dependent variable, the Industrial Production Index representing economic growth and the Consumer Price Index (CPI) representing inflation. Instead of GDP, the Industrial Production Index was preferred both to harmonize with the monthly data and to make a production-based analysis. As a result of the analysis, it was determined that there was a statistically significant cointegration relationship between the variables, and the short-term relationship was analyzed with the error correction model (ECM). As a result of the analysis, it has been determined that there is a cointegration relationship between unemployment, inflation rate and economic growth in Turkey. According to the results of the analysis, negative between unemployment and industrial production index; It is seen that there is a positive relationship between unemployment and inflation.


1971 ◽  
Vol 55 ◽  
pp. 22-37

After rising slightly between the second and third quarters, output in the economy as a whole seems to have stagnated in the fourth quarter. Because of the dip in the first quarter of the year, however, output in the second half of the year as a whole may have been 2½–3 per cent up on the first half (at annual rates). The course of the industrial production index has been affected by strike activity, making it more difficult to use as a base for estimating GDP. But taking the average of the three months' figures in the fourth quarter (there were erratic movements month to month), and comparing it with values for base periods less affected by strikes than was the third quarter, gives a figure for GDP which suggests that output in the economy as a whole was stagnant in the last six months of 1970. The recent rise in unemployment is consistent with this picture.


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