scholarly journals The Relationship Between Inflation and Gold Price: Evidence From Sri Lanka

2019 ◽  
Vol 9 (4) ◽  
pp. 322
Author(s):  
S. Anandasayanan ◽  
Janani Thevananth ◽  
A. Mathuranthy
Keyword(s):  
Regression Analysis ◽  
Sri Lanka ◽  
Wholesale Price ◽  
Unit Root Test ◽  
Deep Understanding ◽  
Gold Price ◽  
Point Of View ◽  
Least Square ◽  
Causality Test ◽  
The Relationship

Gold is most sacred metal among Sri Lankans due to it security and high demand. Gold is treated as an alternative investment avenue. It is often stated that gold is the best preserving purchasing power in the long run. Gold investment can also be used as a hedge against inflation and currency depreciation. Therefore, investors are showing interest in investing in the gold due to economic vulnerability. From an economic and financial point of view, movements in the price of gold are both interesting and important. It cannot be denied that gold price is stable all the time and has minimal fluctuation for economic volatility and financial condition. The price of gold is affected by various factors like inflation, crude oil, exchange rate etc. But gold prices are fluctuated by inflation significantly. Gold prices control the inflation instability. Therefore, deep understanding of the relationship between inflation and gold price is prerequisite. The ultimate objective of the study is to explore the relationship between inflation and gold price. The dependent variable is gold price which is measured by Sri Lanka rupee per Troy ounce meanwhile the independent variable is inflation which is measured by wholesale price index. 240 monthly observations from January 1999 to December 2018 were used in the study. Unit root test, correlation analysis, ordinary least square regression analysis, granger causality test and normality tests are employed for analysing data. The empirical results have found strong and positive correlation between inflation and gold price. The results of regression analysis revealed that inflation significantly impacts on gold price. Unidirectional relationship was found between gold price and inflation.

scholarly journals COINTEGRATING RELATION BETWEEN EXCHANGE RATE AND GOLD PRICE

2017 ◽  
Vol 5 (10) ◽  
pp. 263-269
Author(s):  
Ranjusha ◽  
Devasia ◽  
Nandakumar
Keyword(s):  
Exchange Rate ◽  
Time Series Data ◽  
Unit Root Test ◽  
Gold Price ◽  
Series Data ◽  
Annual Data ◽  
Causality Test ◽  
Long Run ◽  
Integration Test ◽  
The Relationship

The very purpose of this paper is to analyse the relationship between gold price and Rupee – Dollar exchange rate in India. The study utilises the annual data of exchange Rate (ER) and Gold Price (GP) from 1970 to 2015 to determine the relationship. Different econometric tools like Unit root test, Johansen co integration test, Vector error correction model, Granger causality test are used for detecting the long run relation, if any between the mentioned variables. The result shows that there exists a long run cointegrating relation between the variables. That is we can stabilise the Gold Price movement by controlling the exchange rate fluctuations. Likewise it also shows that Exchange rate doesn’t Granger cause to Gold price and vice versa. It means that the time series data of one vasriable cannot be used to predict another.

scholarly journals The Role of Foreign Direct Investment Inflows in Economic Growth in Malaysia

2021 ◽  
Vol 4 (2) ◽  
pp. g11-17
Author(s):  
Tien Siew
Keyword(s):  
Economic Growth ◽  
Unit Root ◽  
Direct Investment ◽  
Unit Root Test ◽  
Granger Causality Test ◽  
Least Square ◽  
Causality Test ◽  
Fdi Inflows ◽  
Ordinary Least Square ◽  
The Relationship

The purpose of this study is to investigate the relationship between the inflows of Foreign Direct Investment (FDI) and economic growth in Malaysia. The sample collected for this empirical study covered 30 years of data from 1991 to 2020. The secondary data was collected annually and a total of 30 observations were taken for each variable. Ordinary Least Square (OLS) regression, unit root test, several diagnostic tests and Granger causality test were used in this research to investigate the relationship between FDI inflows and economic growth. Eviews 11 was used to analyze the time series data throughout all the tests. The result showed that the inflows of FDI has a significant negative relationship with economic growth and there is no causal relationship between FDI and Gross Domestic Product (GDP). Keywords: Economic growth, FDI inflows, Granger Causality Test, Ordinary Least Square regression, Unit Root Test

scholarly journals Does Foreign Direct Investment Influence Renewable Energy Consumption? Empirical Evidence from South Asian Countries

Energies ◽  
2021 ◽  
Vol 14 (12) ◽  
pp. 3470
Author(s):  
Xueqing Kang ◽  
Farman Ullah Khan ◽  
Raza Ullah ◽  
Muhammad Arif ◽  
Shams Ur Rehman ◽  
...  
Keyword(s):  
Foreign Direct Investment ◽  
Renewable Energy ◽  
Sri Lanka ◽  
South Asian ◽  
Environmental Sustainability ◽  
Direct Investment ◽  
Least Square ◽  
Asian Countries ◽  
Ordinary Least Square ◽  
The Relationship

In selected South Asian countries, the study intends to investigate the relationship between urban population (UP), carbon dioxide (CO2), trade openness (TO), gross domestic product (GDP), foreign direct investment (FDI), and renewable energy (RE). Fully modified ordinary least square (FMOLS) and dynamic ordinary least square (DOLS) models for estimation were used in the study, which covered yearly data from 1990 to 2019. We used Levin–Lin–Chu, Im–Pesaran–Shin, and Fisher PP tests for the stationarity of the variables. The outcomes of the panel cointegration approach looked at whether there was a long-run equilibrium nexus between selected variables in Pakistan, Bangladesh, India, and Sri Lanka. The FMOLS approach was also used to assess the relationship, and the results suggest that there is a significant and negative nexus between FDI and renewable energy in south Asian nations. The study’s findings reveal a strong and favorable relationship between GDP and renewable energy use. In South Asian nations (Sri Lanka, Pakistan, India, and Bangladesh), the FMOLS and DOLS findings are nearly identical, but the authors used the DOLS model for robustification. According to the findings, policymakers in South Asian economies (Sri Lanka, Pakistan, India, and Bangladesh) should view GDP and FDI as fundamental policy instruments for environmental sustainability. To reduce reliance on hazardous energy sources, the government should also reassure financial sectors to participate in renewable energy.

Work Values and Its Impact on Managerial Effectiveness: A Relationship Study in Indian Context

2016 ◽  
Vol 20 (4) ◽  
pp. 300-311 ◽  
Author(s):  
Geeta Rana ◽  
Renu Rastogi ◽  
Pooja Garg
Keyword(s):  
Regression Analysis ◽  
Work Values ◽  
Deep Understanding ◽  
Global Competition ◽  
Managerial Effectiveness ◽  
Research Attention ◽  
Indian Context ◽  
Relationship Study ◽  
The Impact ◽  
The Relationship

Competent managers are very important assets to any organization as they drive it to success through the challenges of global competition. Managerial effectiveness has gained much research attention in recent years due to its importance to the organization as a whole. The purpose of this study is to test the impact of work values on managerial effectiveness in Indian organizations. To this end, a survey was conducted on a sample of 300 managers working in different organizations in India. The article employs factor analysis, Pearson’s r and step-wise multiple regression analysis to determine the effect of work values on managerial effectiveness. Findings indicate that work values have a positive and significant relationship with managerial effectiveness. The study provides valuable implications for practitioners and researchers by providing a deep understanding of the relationship between work values and managerial effectiveness, and between the dimensions and aspects of the two constructs. Practitioners could use the findings of the study to identify which work values influence managerial effectiveness most and work towards incorporating those values in the organizational culture.

scholarly journals Islamic Finance and Economic Growth Nexus: An Econometric Analysis

2019 ◽  
Vol 2 (1) ◽  
pp. 11-22
Author(s):  
Kashif Raza ◽  
Rashid Ahmad ◽  
Muhammad Abdul Rehman Shah ◽  
Muhammad Umar
Keyword(s):  
Economic Growth ◽  
Time Series Data ◽  
Trade Openness ◽  
Unit Root Test ◽  
Least Square ◽  
Series Data ◽  
Islamic Finance ◽  
Causality Test ◽  
Economic Agents ◽  
Fixed Capital Formation

Researchers have written chain of research papers about the dynamics of financial development and economic growth. The financial capital plays a productive role when it delivers to economic agents who are facing shortage or excess of funds.  This study explores the linkages among Islamic financing and economic growth for Pakistan, by using annual time series data from 2005-2018. Islamic banks’ financing funds used as a proxy of Islamic financing, Gross Domestic Product (GDP), Gross Fixed Capital Formation (GFCF), labor force (LF),Broad money(M) and Trade openness (TO) to presents real sector of an economy. For the exploration, the unit root test, Ordinary least square technique and Granger causality test are applied. The results validate a substantial causal relationship of Islamic financing and GDP, which supports the Schumpeter’s supply-leading view. The results indicate that Islamic finance contributed towards economic growth.  

scholarly journals COVID-19 OUTBREAK AND ROLE OF TOURISM DEVELOPMENT ON ECONOMIC GROWTH IN PAKISTAN

2021 ◽  
Vol 19 ◽  
Author(s):  
Normah Abdul Latip ◽  
Rehmat Karim ◽  
Azizan Marzuki ◽  
Faqeer Muhammad ◽  
Attaullah Shah ◽  
...  
Keyword(s):  
Economic Growth ◽  
Regression Analysis ◽  
Unit Root ◽  
Unit Root Test ◽  
Tourism Development ◽  
Significant Decline ◽  
Least Square ◽  
The Government ◽  
Static Nature

The current research aimed to find out the effect of tourism development on economic growth in Pakistan for the period (1995 to 2017) by using Canonical Regression Analysis (CCR) and Dynamic Least Square (DOLS) method. In addition, a unit root test is used to find out the static nature of the variables, and for the robust check, the authors utilize the Fully Modified Least Square (FMOLS) method. The results of the CCR and DOLS shows the key role of tourism development on growth, and FMOLS confirms these findings. In addition, the contribution of financial development is insignificant and positive. However, inflation harms economic growth, which depicts that the government of Pakistan will face severe challenges to achieve the targeted level of growth in future. In addition, an outbreak of Coronavirus Disease (Covid-19) is another challenge that will cause a significant decline in tourism receipts.

scholarly journals ANALISA HUBUNGAN ANTARA PRODUK DOMESTIK BRUTO DAN EKSPOR INDONESIA (UJI KAUSALITAS GRANGER)

2020 ◽  
Vol 3 (2) ◽  
pp. 299-305
Author(s):  
Debora Silvia Hutagalung ◽  
◽  
Junaidi Siahaan ◽  
Keyword(s):  
Gross Domestic Product ◽  
Granger Causality ◽  
Unit Root Test ◽  
Granger Causality Test ◽  
Domestic Product ◽  
Trade Theory ◽  
Causality Test ◽  
Macroeconomic Theory ◽  
The Relationship ◽  
Domestic Products

This study entitled "Analysis of The Relationship Between Gross Domestic Product and Indonesian Exports (Granger causality test)”. This research was conducted because of the dualism of the theory between the two variables. In macroeconomic theory, the relationship between Gross Domestic Product is one of the similarities, because exports contribute to Gross Domestic Products on the demand side, while neoclassical trade theory emphasizes causality related to household production and assistance for exports.The purpose of this study is to determine the relationship between Gross Domestic Product and exports. This study uses several analytical methods: Unit Root Test, CointegrationTest, Granger Causality Test using the E-views program7 and using Quarterly data.The results of the estimation of this study are the estimation of the relationship in GDP and exports, or in other words the Gross Domestic Product affects Indonesia's exports. This is concluded based on the estimation results that can be seen from the statistical F value that is greater than the f-table (8.958205> 3.841466) on the Null hypothesis. GDP is not an Export Granger with a 95% confidence level. This means, GDP affects exports When GDP can affect the level of exports in the intervals of 2000 to 2012.Keywords:Gross Domestic Product(GDP), Exports, Granger Causality Test

scholarly journals Impact of Tourism Industry on the Economic Growth of Sri Lanka

2020 ◽  
Vol 10 (4) ◽  
pp. 60
Author(s):  
S. Anandasayanan ◽  
S. Balagobei ◽  
M. Amaresh
Keyword(s):  
Economic Growth ◽  
Regression Analysis ◽  
Sri Lanka ◽  
Foreign Currency ◽  
Unit Root Test ◽  
Tourism Industry ◽  
Annual Data ◽  
Tourism Sector ◽  
Independent Variable ◽  
The Impact

In Sri Lanka, tourism has been identified as the third largest and fastest growing source of foreign currency in 2018, after private remittances and textile and garment exports, accounting for almost $4.4 billion or 4.9 percent of gross domestic product in 2018. Tourism industry is a key element which accelerates the economic growth by earning high foreign exchange and reducing poverty by providing direct and indirect employment opportunities to locals. This study primarily investigates the impact of between tourism sector on economic growth by employing Augmented Dickey Fuller’s unit root test, correlation analysis and regression analysis. Annual data from 1989 to 2018 was used. The dependent variable was economic growth while tourists’ receipts were independent variable. Strong and positive correlation was explored between tourists’ receipts and economic growth meanwhile the results of regression analysis indicate that tourists’ receipts significantly impact on the economic growth.

scholarly journals Löytyä-verbin konstruktioiden yhteydessä esiintyvä subjektin sijanvaihtelu

2021 ◽  
Vol 12 (1) ◽  
pp. 11-39
Author(s):  
Rodolfo Basile ◽  
Ilmari Ivaska
Keyword(s):  
Regression Analysis ◽  
Word Order ◽  
Random Variable ◽  
Point Of View ◽  
Case Alternation ◽  
Part Of Speech ◽  
Subject Number ◽  
The Subject ◽  
Semantic Variables ◽  
The Relationship

Abstrakti. Artikkeli tarkastelee löytyä-verbin konstruktioiden nominatiivi- ja partitiivisubjektin vaihtelua. Aineistona on korpuksista poimittu 779 havainnon satunnaisotos, jota tarkastellaan sekä kvantitatiivisesti tilastollisin menetelmin että kvalitatiivisesta näkökulmasta. Tutkimus pyrkii selvittämään, mitkä muuttujat vaikuttavat löytyä-verbin sisältävien lauseiden subjektien sijanvalintaan. Valikoidut muuttujat ovat subjektin luku, subjektin jaollisuus, subjektin sanaluokka, sanajärjestys, aikamuoto, subjektin ja verbin välinen kongruenssi sekä subjektin lemma, joka toimii satunnaismuuttujana. Regressioanalyysin keinoin subjektin sijanvalintaa ennustetaan mainittujen muuttujien ja niiden välisten vuorovaikutussuhteiden avulla. Laadullisessa analyysissa käsitellään myös näiden morfosyntaktisten ja semanttisten seikkojen vaikutusta lauseen eksistentiaalisuuden sekä subjektin kvantiteetin ja definiittisyyden tulkintaan. Abstract. Rodolfo Basile, Ilmari Ivaska: Subject case alternation in constructions containing the Finnish verb löytyä. This article examines the nominative-partitive subject alternation occurring with constructions containing the Finnish verb löytyä. The material used is taken from corpora and consists of a random sample of 779 observations, analyzed both quantitatively by means of statistical methods, and from a qualitative point of view. The research aims at investigating which variables influence the case alternation of subjects of constructions containing the verb löytyä. The chosen variables are subject number, subject divisibility, subject part of speech, word order, tense, agreement and subject lemma, the only random variable. With the help of regression analysis, the subject case is predicted on the basis of said variables and of interactions between them. The qualitative analysis will also discuss the relationship these morphosyntactic and semantic variables have with the existential interpretations of the clause as well as with the subject quantity and definiteness. Kokkuvõte. Rodolfo Basile, Ilmari Ivaska: Subjekti käändevaheldus löytyä-verbiga konstruktsioonides. Artiklis uuritakse nominatiivi- ja partitiivikujulise subjekti vaheldumist soome keele löytyä-verbi sisaldavates konstruktsioonides. 779 vaatlust sisaldavat korpustest pärinevat juhuvalimit analüüsitakse nii kvantitatiivsete kui ka kvalitatiivsete meetoditega. Uurimuse eesmärk on välja selgitada, millised tegurid löytyä-verbi sisaldavate konstruktsioonide subjekti käändevalikut mõjutavad. Käsitletavad tegurid on subjekti arv, loendatavus, sõnaliik, konstruktsiooni sõnajärg, ajavorm ning subjekti ja verbi ühildumine. Juhusliku muutujana kaasatakse ka subjekti lemma. Regressioonanalüüsi abil ennustatakse subjekti käändevalikut mainitud tegurite ja nendevaheliste koosmõjude kaudu. Kvalitatiivse analüüsi käigus arutletakse ka selle üle, milline on nimetatud morfosüntaktiliste ja semantiliste tegurite mõju lause eksistentsiaalsele tõlgendusele ning subjekti kvantiteedile ja definiitsusele.

scholarly journals The Moderating Effect of Leader-Member Relationship on Introverted and Extroverted Personality Traits of Leaders and Organizational Citizenship Behavior of Followers: An Empirical Study of IT Industry in Sri Lanka

2019 ◽  
Vol 5 (1) ◽  
Author(s):  
W. A. M. Niranga ◽  
M. P. P. Dharmadasa
Keyword(s):  
Regression Analysis ◽  
Sri Lanka ◽  
Personality Traits ◽  
Organizational Citizenship ◽  
Big Five ◽  
Organizational Citizenship Behavior ◽  
Citizenship Behavior ◽  
It Industry ◽  
Effective Leaders ◽  
The Relationship

This study focuses on investigating the relationship between personality and leadership supports the claim that individual differences may be the predictors of leadership effectiveness in contemporary organizations. Extended studies stress that ‘Big-Five ‘personality dimensions are related to leadership criteria and further identified introversion-extroversion as a key element of an individual personality. In general, the main differences between effective and less effective leaders are that, effective leaders make positive differences to themselves from their personality traits and the relationship building with followers. However, relatively few studies have tested how and why introvert and extrovert leaders’ personality traits relate to follower behaviors. In addition, if so; the mechanisms through which a leader’s personality traits relate to follower behaviors. Accordingly, the aims of the present study are to examine whether the introverted and extroverted personality traits of leaders affect the organizational citizenship behavior (OCB) of followers and to examine the role of leader-member relationship as a moderator, in social exchange process. To advance the understanding of these, simple regression analysis and regression analysis with moderator effects were performed to test hypotheses with a sample size of 46 introvert managers and 50 extrovert managers as leaders and 92 and 100 subordinates as their followers respectively from IT industry in Sri Lanka. The study found that there is a positive direct effect of introverted personality traits of leaders and no negative direct effect of extroverted personality traits of leaders on organizational citizenship behavior of followers. Yet, leader-member relationship moderates the positive and negative relationships between introverted, extroverted personality traits of leaders and organizational citizenship behavior of followers. Present study makes several theoretical contributions to path-goal theory of leadership with the support from theory of trait leadership and big five model. Further, managerial contributions of the present study make IT firms successful through better selection of leaders based on personality traits which facilitates organizational citizenship behavior.KeywordsIntroverted personality traits, extroverted personality traits, OCB, Leader-member relationship, IT industry in Sri Lanka

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