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The study applies a BEKK GARCH-M model to examine the effect of uncertainty on the levels of inflation and output growth in Nigeria. The results suggest a significant positive effect of inflation uncertainty on the level of inflation, supporting the Cukierman and Meltzer (1986) hypothesis. In...
Persistent link: https://www.econbiz.de/10012112228
The study examines the long-run relationship between exports and imports in East African Community (EAC) member states in order to test for the sustainability of current account deficits. The study adopts the threshold cointegration test advanced by Enders and Siklos (2001). The findings suggest...
Persistent link: https://www.econbiz.de/10011039044
The study examines the causal relationship between inflation uncertainty and output growth uncertainty for selected African countries. Asymmetric BEKK GARCH-M model is used to derive measures of uncertainty for inflation and output growth, and bootstrap causality testing approach is used to...
Persistent link: https://www.econbiz.de/10011039066
The study examines the causal relationship between inflation uncertainty and output growth uncertainty for selected African countries. Asymmetric BEKK GARCH-M model is used to derive measures of uncertainty for inflation and output growth, and bootstrap causality testing approach is used to...
Persistent link: https://www.econbiz.de/10011039069
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The study applies a BEKK GARCH-M model to examine the effect of uncertainty on the levels of inflation and output growth in Nigeria. The results suggest a significant positive effect of inflation uncertainty on the level of inflation, supporting the Cukierman and Meltzer (1986) hypothesis. In...
Persistent link: https://www.econbiz.de/10012102787