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rate</title> <meta name="description" content="Search results for: inflation rate"> <meta name="keywords" content="inflation rate"> <meta name="viewport" content="width=device-width, initial-scale=1, minimum-scale=1, maximum-scale=1, user-scalable=no"> <meta charset="utf-8"> <link href="https://cdn.waset.org/favicon.ico" type="image/x-icon" rel="shortcut icon"> <link href="https://cdn.waset.org/static/plugins/bootstrap-4.2.1/css/bootstrap.min.css" rel="stylesheet"> <link href="https://cdn.waset.org/static/plugins/fontawesome/css/all.min.css" rel="stylesheet"> <link href="https://cdn.waset.org/static/css/site.css?v=150220211555" rel="stylesheet"> </head> <body> <header> <div class="container"> <nav class="navbar navbar-expand-lg navbar-light"> <a class="navbar-brand" href="https://waset.org"> <img src="https://cdn.waset.org/static/images/wasetc.png" alt="Open Science Research Excellence" title="Open Science Research Excellence" /> </a> <button class="d-block d-lg-none navbar-toggler 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id="custom-search-input"> <div class="input-group"> <i class="fas fa-search"></i> <input type="text" class="search-query" name="q" placeholder="Author, Title, Abstract, Keywords" value="inflation rate"> <input type="submit" class="btn_search" value="Search"> </div> </div> </form> </div> </div> <div class="row mt-3"> <div class="col-sm-3"> <div class="card"> <div class="card-body"><strong>Commenced</strong> in January 2007</div> </div> </div> <div class="col-sm-3"> <div class="card"> <div class="card-body"><strong>Frequency:</strong> Monthly</div> </div> </div> <div class="col-sm-3"> <div class="card"> <div class="card-body"><strong>Edition:</strong> International</div> </div> </div> <div class="col-sm-3"> <div class="card"> <div class="card-body"><strong>Paper Count:</strong> 8127</div> </div> </div> </div> <h1 class="mt-3 mb-3 text-center" style="font-size:1.6rem;">Search results for: inflation rate</h1> <div class="card paper-listing mb-3 mt-3"> <h5 class="card-header" style="font-size:.9rem"><span class="badge badge-info">8127</span> Impacts of Exchange Rate and Inflation Rate on Foreign Direct Investment in Pakistan</h5> <div class="card-body"> <p class="card-text"><strong>Authors:</strong> <a href="https://publications.waset.org/abstracts/search?q=Saad%20Bin%20Nasir">Saad Bin Nasir</a> </p> <p class="card-text"><strong>Abstract:</strong></p> The study identifies the impact of inflation and foreign exchange rate on foreign direct investment in Pakistan. Inflation and exchange rates are used as independent variables and foreign direct investment is taken as dependent variable. Discreet time series data has been used from the period of 1999 to 2009. The results of regression analysis reveal that high inflation has negative impact on foreign direct investment and higher exchange rates has positive impact on foreign direct investment in Pakistan. The inflation and foreign exchange rates both are insignificant in the analysis. <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/abstracts/search?q=inflation%20rate" title="inflation rate">inflation rate</a>, <a href="https://publications.waset.org/abstracts/search?q=foreign%20exchange%20rate" title=" foreign exchange rate"> foreign exchange rate</a>, <a href="https://publications.waset.org/abstracts/search?q=foreign%20direct%20investment" title=" foreign direct investment"> foreign direct investment</a>, <a href="https://publications.waset.org/abstracts/search?q=foreign%20assets" title=" foreign assets "> foreign assets </a> </p> <a href="https://publications.waset.org/abstracts/41247/impacts-of-exchange-rate-and-inflation-rate-on-foreign-direct-investment-in-pakistan" class="btn btn-primary btn-sm">Procedia</a> <a href="https://publications.waset.org/abstracts/41247.pdf" target="_blank" class="btn btn-primary btn-sm">PDF</a> <span class="bg-info text-light px-1 py-1 float-right rounded"> Downloads <span class="badge badge-light">419</span> </span> </div> </div> <div class="card paper-listing mb-3 mt-3"> <h5 class="card-header" style="font-size:.9rem"><span class="badge badge-info">8126</span> Statistical Model to Examine the Impact of the Inflation Rate and Real Interest Rate on the Bahrain Economy</h5> <div class="card-body"> <p class="card-text"><strong>Authors:</strong> <a href="https://publications.waset.org/abstracts/search?q=Ghada%20Abo-Zaid">Ghada Abo-Zaid</a> </p> <p class="card-text"><strong>Abstract:</strong></p> Introduction: Oil is one of the most income source in Bahrain. Low oil price influence on the economy growth and the investment rate in Bahrain. For example, the economic growth was 3.7% in 2012, and it reduced to 2.9% in 2015. Investment rate was 9.8% in 2012, and it is reduced to be 5.9% and -12.1% in 2014 and 2015, respectively. The inflation rate is increased to the peak point in 2013 with 3.3 %. Objectives: The objectives here are to build statistical models to examine the effect of the interest rate inflation rate on the growth economy in Bahrain from 2000 to 2018. Methods: This study based on 18 years, and the multiple regression model is used for the analysis. All of the missing data are omitted from the analysis. Results: Regression model is used to examine the association between the Growth national product (GNP), the inflation rate, and real interest rate. We found that (i) Increase the real interest rate decrease the GNP. (ii) Increase the inflation rate does not effect on the growth economy in Bahrain since the average of the inflation rate was almost 2%, and this is considered as a low percentage. Conclusion: There is a positive impact of the real interest rate on the GNP in Bahrain. While the inflation rate does not show any negative influence on the GNP as the inflation rate was not large enough to effect negatively on the economy growth rate in Bahrain. <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/abstracts/search?q=growth%20national%20%20product" title="growth national product">growth national product</a>, <a href="https://publications.waset.org/abstracts/search?q=egypt" title=" egypt"> egypt</a>, <a href="https://publications.waset.org/abstracts/search?q=regression%20model" title=" regression model"> regression model</a>, <a href="https://publications.waset.org/abstracts/search?q=interest%20rate" title=" interest rate"> interest rate</a> </p> <a href="https://publications.waset.org/abstracts/137292/statistical-model-to-examine-the-impact-of-the-inflation-rate-and-real-interest-rate-on-the-bahrain-economy" class="btn btn-primary btn-sm">Procedia</a> <a href="https://publications.waset.org/abstracts/137292.pdf" target="_blank" class="btn btn-primary btn-sm">PDF</a> <span class="bg-info text-light px-1 py-1 float-right rounded"> Downloads <span class="badge badge-light">164</span> </span> </div> </div> <div class="card paper-listing mb-3 mt-3"> <h5 class="card-header" style="font-size:.9rem"><span class="badge badge-info">8125</span> Examining Macroeconomics Determinants of Inflation Rate in Somalia</h5> <div class="card-body"> <p class="card-text"><strong>Authors:</strong> <a href="https://publications.waset.org/abstracts/search?q=Farhia%20Hassan%20Mohamed">Farhia Hassan Mohamed</a> </p> <p class="card-text"><strong>Abstract:</strong></p> This study examined the macroeconomic factors that affect the inflation Rate in Somalia using quarterly time series data from 1991q1 to 2017q4 retired from World Development Indicators and SESRIC. It employed the vector error correction model (VECM) and Granger Causality method to measure the long-run and short-run causality of the GDP, inflation exchange rate, and unemployment. The study confirmed that there is one cointegration equation between GDP, exchange rate, inflation, and unemployment in Somalia. However, the VECM model's result indicates a long-run relationship among variables. The VEC Granger causality/Block Exogeneity Wald test result confirmed that all covariates are statistically significant at 5% and are Granger's cause of inflation in the short term. Finally, the impulse response result showed that inflation responds negatively to the shocks from the exchange rate and unemployment rate and positively to GDP and itself. Drawing from the empirical findings, the study makes several policy recommendations for both the monetary and Government sides. <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/abstracts/search?q=CPI" title="CPI">CPI</a>, <a href="https://publications.waset.org/abstracts/search?q=OP" title=" OP"> OP</a>, <a href="https://publications.waset.org/abstracts/search?q=exchange%20rate" title=" exchange rate"> exchange rate</a>, <a href="https://publications.waset.org/abstracts/search?q=inflation%20ADF" title=" inflation ADF"> inflation ADF</a>, <a href="https://publications.waset.org/abstracts/search?q=Johansen" title=" Johansen"> Johansen</a>, <a href="https://publications.waset.org/abstracts/search?q=PP" title=" PP"> PP</a>, <a href="https://publications.waset.org/abstracts/search?q=VECM" title=" VECM"> VECM</a>, <a href="https://publications.waset.org/abstracts/search?q=impulse" title=" impulse"> impulse</a>, <a href="https://publications.waset.org/abstracts/search?q=ECT" title=" ECT"> ECT</a> </p> <a href="https://publications.waset.org/abstracts/186410/examining-macroeconomics-determinants-of-inflation-rate-in-somalia" class="btn btn-primary btn-sm">Procedia</a> <a href="https://publications.waset.org/abstracts/186410.pdf" target="_blank" class="btn btn-primary btn-sm">PDF</a> <span class="bg-info text-light px-1 py-1 float-right rounded"> Downloads <span class="badge badge-light">45</span> </span> </div> </div> <div class="card paper-listing mb-3 mt-3"> <h5 class="card-header" style="font-size:.9rem"><span class="badge badge-info">8124</span> Does Inflation Affect Private Investment in Nigeria?</h5> <div class="card-body"> <p class="card-text"><strong>Authors:</strong> <a href="https://publications.waset.org/abstracts/search?q=Amassoma%20Ditimi">Amassoma Ditimi</a>, <a href="https://publications.waset.org/abstracts/search?q=Nwosa%20Philip%20Ifeakachukwu"> Nwosa Philip Ifeakachukwu</a> </p> <p class="card-text"><strong>Abstract:</strong></p> This study examined the impact of inflation on private investment in Nigeria for the period 1980 to 2012. Private investment was measured by foreign direct investment and private domestic investment. The study employed the Ordinary Least Square (OLS) technique. The empirical regression estimate showed that inflation had a positive but insignificant effect on private investment in Nigeria; implying that although an increase in inflation rate leads to a corresponding increase in private investment but however the effect was found to be insignificant. Thus, the study recommended that government should prevent high inflation rate that can negatively affect private investment in Nigeria and government should also put in place appropriate facilities that are investment enhancing in order to increase the level of both domestic and foreign private investment in Nigeria. <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/abstracts/search?q=inflation%20rate" title="inflation rate">inflation rate</a>, <a href="https://publications.waset.org/abstracts/search?q=private%20investment" title=" private investment"> private investment</a>, <a href="https://publications.waset.org/abstracts/search?q=OLS" title=" OLS"> OLS</a>, <a href="https://publications.waset.org/abstracts/search?q=Nigeria" title=" Nigeria"> Nigeria</a> </p> <a href="https://publications.waset.org/abstracts/33214/does-inflation-affect-private-investment-in-nigeria" class="btn btn-primary btn-sm">Procedia</a> <a href="https://publications.waset.org/abstracts/33214.pdf" target="_blank" class="btn btn-primary btn-sm">PDF</a> <span class="bg-info text-light px-1 py-1 float-right rounded"> Downloads <span class="badge badge-light">372</span> </span> </div> </div> <div class="card paper-listing mb-3 mt-3"> <h5 class="card-header" style="font-size:.9rem"><span class="badge badge-info">8123</span> Relationship between Food Inflation and Agriculture Lending Rate in Ghana: A Vector Autoregressive Approach</h5> <div class="card-body"> <p class="card-text"><strong>Authors:</strong> <a href="https://publications.waset.org/abstracts/search?q=Raymond%20K.%20Dziwornu">Raymond K. Dziwornu</a> </p> <p class="card-text"><strong>Abstract:</strong></p> Lending rate of agriculture loan has persistently been high and attributed to risk in the sector. This study examined how food inflation and agriculture lending rate react to each other in Ghana using vector autoregressive approach. Quarterly data from 2006 to 2018 was obtained from the Bank of Ghana quarterly bulletin and the Ghana Statistical Service reports. The study found that a positive standard deviation shock to food inflation causes lending rate of agriculture loan to react negatively in the short run, but positively and steadily in the long run. This suggests the need to direct appropriate policy measures to reduce food inflation and consequently, the cost of credit to the agricultural sector for its growth. <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/abstracts/search?q=food%20inflation" title="food inflation">food inflation</a>, <a href="https://publications.waset.org/abstracts/search?q=agriculture" title=" agriculture"> agriculture</a>, <a href="https://publications.waset.org/abstracts/search?q=lending%20rate" title=" lending rate"> lending rate</a>, <a href="https://publications.waset.org/abstracts/search?q=vector%20autoregressive" title=" vector autoregressive"> vector autoregressive</a>, <a href="https://publications.waset.org/abstracts/search?q=Ghana" title=" Ghana"> Ghana</a> </p> <a href="https://publications.waset.org/abstracts/115221/relationship-between-food-inflation-and-agriculture-lending-rate-in-ghana-a-vector-autoregressive-approach" class="btn btn-primary btn-sm">Procedia</a> <a href="https://publications.waset.org/abstracts/115221.pdf" target="_blank" class="btn btn-primary btn-sm">PDF</a> <span class="bg-info text-light px-1 py-1 float-right rounded"> Downloads <span class="badge badge-light">149</span> </span> </div> </div> <div class="card paper-listing mb-3 mt-3"> <h5 class="card-header" style="font-size:.9rem"><span class="badge badge-info">8122</span> Money and Inflation in Cambodia</h5> <div class="card-body"> <p class="card-text"><strong>Authors:</strong> <a href="https://publications.waset.org/abstracts/search?q=Siphat%20Lim">Siphat Lim</a> </p> <p class="card-text"><strong>Abstract:</strong></p> The result of the study revealed that the interaction between money, exchange rate, and price level was mainly derived from the policy-induced by the central bank. Furthermore, the variation of inflation was explained weakly by exchange rate and money supply. In the period of twelfth-month, the variation of inflation which caused by exchange rate and money supply were not more than 1.78 percent and 9.77 percent, respectively. <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/abstracts/search?q=money%20supply" title="money supply">money supply</a>, <a href="https://publications.waset.org/abstracts/search?q=exchange%20rate" title=" exchange rate"> exchange rate</a>, <a href="https://publications.waset.org/abstracts/search?q=price%20level" title=" price level"> price level</a>, <a href="https://publications.waset.org/abstracts/search?q=VAR%20model" title=" VAR model"> VAR model</a> </p> <a href="https://publications.waset.org/abstracts/46180/money-and-inflation-in-cambodia" class="btn btn-primary btn-sm">Procedia</a> <a href="https://publications.waset.org/abstracts/46180.pdf" target="_blank" class="btn btn-primary btn-sm">PDF</a> <span class="bg-info text-light px-1 py-1 float-right rounded"> Downloads <span class="badge badge-light">287</span> </span> </div> </div> <div class="card paper-listing mb-3 mt-3"> <h5 class="card-header" style="font-size:.9rem"><span class="badge badge-info">8121</span> The Correlation of Economic Variables on Domestic Investment</h5> <div class="card-body"> <p class="card-text"><strong>Authors:</strong> <a href="https://publications.waset.org/abstracts/search?q=Amirreza%20Attarzadeh">Amirreza Attarzadeh</a> </p> <p class="card-text"><strong>Abstract:</strong></p> This paper aims to investigate the relationship between economic variables, e.g., inflation rate, interest rate, trade openness and the growth rate of GDP, with domestic investment. The present study also draws on conceptual economy related theories to verify the negative effect of interest rates on domestic investment. However, trade openness and growth rate had a positive correlation, and the inflation rate may have a positive or negative impact on domestic investment. <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/abstracts/search?q=inflation%20rate" title="inflation rate">inflation rate</a>, <a href="https://publications.waset.org/abstracts/search?q=growth%20rate%20of%20GDP" title=" growth rate of GDP"> growth rate of GDP</a>, <a href="https://publications.waset.org/abstracts/search?q=interest%20rate%20and%20trade%20openness" title=" interest rate and trade openness"> interest rate and trade openness</a>, <a href="https://publications.waset.org/abstracts/search?q=domestic%20investment" title=" domestic investment"> domestic investment</a> </p> <a href="https://publications.waset.org/abstracts/41609/the-correlation-of-economic-variables-on-domestic-investment" class="btn btn-primary btn-sm">Procedia</a> <a href="https://publications.waset.org/abstracts/41609.pdf" target="_blank" class="btn btn-primary btn-sm">PDF</a> <span class="bg-info text-light px-1 py-1 float-right rounded"> Downloads <span class="badge badge-light">407</span> </span> </div> </div> <div class="card paper-listing mb-3 mt-3"> <h5 class="card-header" style="font-size:.9rem"><span class="badge badge-info">8120</span> Revisiting the Fiscal Theory of Sovereign Risk from the DSGE View</h5> <div class="card-body"> <p class="card-text"><strong>Authors:</strong> <a href="https://publications.waset.org/abstracts/search?q=Eiji%20Okano">Eiji Okano</a>, <a href="https://publications.waset.org/abstracts/search?q=Kazuyuki%20Inagaki"> Kazuyuki Inagaki</a> </p> <p class="card-text"><strong>Abstract:</strong></p> We revisit Uribe's `Fiscal Theory of Sovereign Risk' advocating that there is a trade-off between stabilizing inflation and suppressing default. We develop a class of dynamic stochastic general equilibrium (DSGE) model with nominal rigidities and compare two de facto inflation stabilization policies, optimal monetary policy and optimal monetary and fiscal policy with the minimizing interest rate spread policy which completely suppress the default. Under the optimal monetary and fiscal policy, not only the nominal interest rate but also the tax rate work to minimize welfare costs through stabilizing inflation. Under the optimal monetary both inflation and output gap are completely stabilized although those are fluctuating under the optimal monetary policy. In addition, volatility in the default rate under the optimal monetary policy is considerably lower than one under the optimal monetary policy. Thus, there is not the SI-SD trade-off. In addition, while the minimizing interest rate spread policy makes inflation rate severely volatile, the optimal monetary and fiscal policy stabilize both the inflation and the default. A trade-off between stabilizing inflation and suppressing default is not so severe what pointed out by Uribe. <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/abstracts/search?q=sovereign%20risk" title="sovereign risk">sovereign risk</a>, <a href="https://publications.waset.org/abstracts/search?q=optimal%20monetary%20policy" title=" optimal monetary policy"> optimal monetary policy</a>, <a href="https://publications.waset.org/abstracts/search?q=fiscal%20theory%20of%20the%20price%20level" title=" fiscal theory of the price level"> fiscal theory of the price level</a>, <a href="https://publications.waset.org/abstracts/search?q=DSGE" title=" DSGE"> DSGE</a> </p> <a href="https://publications.waset.org/abstracts/50808/revisiting-the-fiscal-theory-of-sovereign-risk-from-the-dsge-view" class="btn btn-primary btn-sm">Procedia</a> <a href="https://publications.waset.org/abstracts/50808.pdf" target="_blank" class="btn btn-primary btn-sm">PDF</a> <span class="bg-info text-light px-1 py-1 float-right rounded"> Downloads <span class="badge badge-light">321</span> </span> </div> </div> <div class="card paper-listing mb-3 mt-3"> <h5 class="card-header" style="font-size:.9rem"><span class="badge badge-info">8119</span> The Impact of Inflation Rate and Interest Rate on Islamic and Conventional Banking in Afghanistan</h5> <div class="card-body"> <p class="card-text"><strong>Authors:</strong> <a href="https://publications.waset.org/abstracts/search?q=Tareq%20Nikzad">Tareq Nikzad</a> </p> <p class="card-text"><strong>Abstract:</strong></p> Since the first bank was established in 1933, Afghanistan's banking sector has seen a number of variations but hasn't been able to grow to its full potential because of the civil war. The implementation of dual banks in Afghanistan is investigated in this study in relation to the effects of inflation and interest rates. This research took data from World Bank Data (WBD) over a period of nineteen years. For the banking sector, inflation, which is the general rise in prices of goods and services over time, presents considerable difficulties. The objectives of this research are to analyze the effect of inflation and interest rates on conventional and Islamic banks in Afghanistan, identify potential differences between these two banking models, and provide insights for policymakers and practitioners. A mixed-methods approach is used in the research to analyze quantitative data and qualitatively examine the unique difficulties that banks in Afghanistan's economic atmosphere encounter. The findings contribute to the understanding of the relationship between interest rate, inflation rate, and the performance of both banking systems in Afghanistan. The paper concludes with recommendations for policymakers and banking institutions to enhance the stability and growth of the banking sector in Afghanistan. Interest is described as "a prefixed rate for use or borrowing of money" from an Islamic perspective. This "prefixed rate," known in Islamic economics as "riba," has been described as "something undesirable." Furthermore, by using the time series regression data technique on the annual data from 2003 to 2021, this research examines the effect of CPI inflation rate and interest rate of Banking in Afghanistan. <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/abstracts/search?q=inflation" title="inflation">inflation</a>, <a href="https://publications.waset.org/abstracts/search?q=Islamic%20banking" title=" Islamic banking"> Islamic banking</a>, <a href="https://publications.waset.org/abstracts/search?q=conventional%20banking" title=" conventional banking"> conventional banking</a>, <a href="https://publications.waset.org/abstracts/search?q=interest" title=" interest"> interest</a>, <a href="https://publications.waset.org/abstracts/search?q=Afghanistan" title=" Afghanistan"> Afghanistan</a>, <a href="https://publications.waset.org/abstracts/search?q=impact" title=" impact"> impact</a> </p> <a href="https://publications.waset.org/abstracts/174746/the-impact-of-inflation-rate-and-interest-rate-on-islamic-and-conventional-banking-in-afghanistan" class="btn btn-primary btn-sm">Procedia</a> <a href="https://publications.waset.org/abstracts/174746.pdf" target="_blank" class="btn btn-primary btn-sm">PDF</a> <span class="bg-info text-light px-1 py-1 float-right rounded"> Downloads <span class="badge badge-light">72</span> </span> </div> </div> <div class="card paper-listing mb-3 mt-3"> <h5 class="card-header" style="font-size:.9rem"><span class="badge badge-info">8118</span> Inflation Tail Risks and Asset Pricing</h5> <div class="card-body"> <p class="card-text"><strong>Authors:</strong> <a href="https://publications.waset.org/abstracts/search?q=Sebastian%20Luber">Sebastian Luber</a> </p> <p class="card-text"><strong>Abstract:</strong></p> The study demonstrates that tail inflation risk is priced into stock returns and credit spreads. This holds true even when controlling for current and historical inflation moments. The analysis employs inflation caps and floors to obtain the distribution of future inflation under the risk-neutral measure. Credit spreads decrease as the mean and median of future inflation rise, but they respond positively to tail risks. Conversely, stocks serve as a robust hedge against future inflation. Stock returns increase with a higher mean and median of future inflation and rising inflationary tail risk, while they decrease with rising deflationary tail risk. <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/abstracts/search?q=asset%20pricing" title="asset pricing">asset pricing</a>, <a href="https://publications.waset.org/abstracts/search?q=inflation%20expectations" title=" inflation expectations"> inflation expectations</a>, <a href="https://publications.waset.org/abstracts/search?q=tail%20risk" title=" tail risk"> tail risk</a>, <a href="https://publications.waset.org/abstracts/search?q=stocks" title=" stocks"> stocks</a>, <a href="https://publications.waset.org/abstracts/search?q=inflation%20derivatives" title=" inflation derivatives"> inflation derivatives</a>, <a href="https://publications.waset.org/abstracts/search?q=credit" title=" credit"> credit</a> </p> <a href="https://publications.waset.org/abstracts/192569/inflation-tail-risks-and-asset-pricing" class="btn btn-primary btn-sm">Procedia</a> <a href="https://publications.waset.org/abstracts/192569.pdf" target="_blank" class="btn btn-primary btn-sm">PDF</a> <span class="bg-info text-light px-1 py-1 float-right rounded"> Downloads <span class="badge badge-light">22</span> </span> </div> </div> <div class="card paper-listing mb-3 mt-3"> <h5 class="card-header" style="font-size:.9rem"><span class="badge badge-info">8117</span> An Econometric Analysis of the Impacts of Inflation on the Economic Growth of South Africa</h5> <div class="card-body"> <p class="card-text"><strong>Authors:</strong> <a href="https://publications.waset.org/abstracts/search?q=Gisele%20Mah">Gisele Mah</a>, <a href="https://publications.waset.org/abstracts/search?q=Paul%20Saah"> Paul Saah</a> </p> <p class="card-text"><strong>Abstract:</strong></p> The rising rates of inflation are hindering economic growth in developing nations. Hence, this study investigated the effects of inflation rates on the economic growth of South Africa using the secondary time series data from 1987 to 2022. The main objectives of this study were to investigate the long run relationship between inflation and economic growth, and also to determine the causality direction between these two variables. The study utilized the Autoregressive Distributed Lag (ARDL) bounds test of co-integration to investigate whether there is a long-run relationship between inflation and economic growth. The Pairwise Granger causality approach was employed to determine the second objective, which is the direction of causality. The study discovered only one co-integration relationship between our variables and it was between inflation and economic growth. The results showed that there is a negative and significant relationship between inflation and economic growth. There appeared to be a positive and significant relationship between economic growth and exchange rate. The interest rates have shown to be negative and insignificant in explaining economic growth. The study also established that inflation does Granger cause economic growth which is given as GDP. Similarly, the study discovered that inflation Granger causes exchange rates. Therefore, the study recommends that inflation should be decreased in South Africa, in order for economic growth to increase. Contrary, this study recommends that South Africa should increase its exchange rates, in order for economic growth to also increase. <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/abstracts/search?q=inflation%20rate" title="inflation rate">inflation rate</a>, <a href="https://publications.waset.org/abstracts/search?q=economic%20growth" title=" economic growth"> economic growth</a>, <a href="https://publications.waset.org/abstracts/search?q=South%20Africa" title=" South Africa"> South Africa</a>, <a href="https://publications.waset.org/abstracts/search?q=autoregressive%20distributed%20lag%20model" title=" autoregressive distributed lag model"> autoregressive distributed lag model</a> </p> <a href="https://publications.waset.org/abstracts/185947/an-econometric-analysis-of-the-impacts-of-inflation-on-the-economic-growth-of-south-africa" class="btn btn-primary btn-sm">Procedia</a> <a href="https://publications.waset.org/abstracts/185947.pdf" target="_blank" class="btn btn-primary btn-sm">PDF</a> <span class="bg-info text-light px-1 py-1 float-right rounded"> Downloads <span class="badge badge-light">47</span> </span> </div> </div> <div class="card paper-listing mb-3 mt-3"> <h5 class="card-header" style="font-size:.9rem"><span class="badge badge-info">8116</span> The Origins of Inflation in Tunisia</h5> <div class="card-body"> <p class="card-text"><strong>Authors:</strong> <a href="https://publications.waset.org/abstracts/search?q=Narimen%20Rdhaounia%20Mohamed%20Kouni">Narimen Rdhaounia Mohamed Kouni</a> </p> <p class="card-text"><strong>Abstract:</strong></p> Our aim in this paper is to identify the origins of inflation in Tunisia on the period from 1988 to 2018. In order to estimate the model, an ARDL methodology is used. We studied also the effect of informal economy on inflation. Indeed, we estimated the size of the informal economy in Tunisia based on Gutmann method. The results showed that there are three main origins of inflation. In fact, the first origin is the fiscal policy adopted by Tunisia, particularly after revolution. The second origin is the increase of monetary variables. Finally, informal economy played an important role in inflation. <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/abstracts/search?q=inflation" title="inflation">inflation</a>, <a href="https://publications.waset.org/abstracts/search?q=consumer%20price%20index" title=" consumer price index"> consumer price index</a>, <a href="https://publications.waset.org/abstracts/search?q=informal" title=" informal"> informal</a>, <a href="https://publications.waset.org/abstracts/search?q=gutmann%20method" title=" gutmann method"> gutmann method</a>, <a href="https://publications.waset.org/abstracts/search?q=ARDL%20model" title=" ARDL model"> ARDL model</a> </p> <a href="https://publications.waset.org/abstracts/158470/the-origins-of-inflation-in-tunisia" class="btn btn-primary btn-sm">Procedia</a> <a href="https://publications.waset.org/abstracts/158470.pdf" target="_blank" class="btn btn-primary btn-sm">PDF</a> <span class="bg-info text-light px-1 py-1 float-right rounded"> Downloads <span class="badge badge-light">82</span> </span> </div> </div> <div class="card paper-listing mb-3 mt-3"> <h5 class="card-header" style="font-size:.9rem"><span class="badge badge-info">8115</span> Economic Indicators as Correlates of Inward Foreign Direct Investment in Nigeria</h5> <div class="card-body"> <p class="card-text"><strong>Authors:</strong> <a href="https://publications.waset.org/abstracts/search?q=C.%20F.%20Popoola">C. F. Popoola</a>, <a href="https://publications.waset.org/abstracts/search?q=P.%20Osho"> P. Osho</a>, <a href="https://publications.waset.org/abstracts/search?q=S.%20B.%20Babarinde"> S. B. Babarinde</a> </p> <p class="card-text"><strong>Abstract:</strong></p> This study examined economic indicators as correlates of inward FDI. An exploratory research design was used to obtained annual published data on inflation rate, market size, exchange rate, political instability, human development, and infrastructure from Central Bank of Nigeria, National Bureau of Statistics, Nigerian Capital Market, Nigeria Institute of Social and Economic Research, and UNCTAD. Data generated were analyzed using Pearson correlation, analysis of variance and regression. The findings of the study revealed that market size (r = 0.852, p < 0.001), infrastructure (r = 0.264, p < 0.001), human development (r = 0.154, p < 0.01) and exchange rate ( r= 0.178, p < 0.05) correlate positively with inward FDI, while inflation rate (r = -0.88, p < 0.001), and political instability (r= -0.102, p < 0.05) correlate negatively with inward FDI. Findings also revealed that the economic indicators significantly predicted inward FDI (R2 = 0.913; F(1,19) = 29.40; p < 0.05) for Nigeria. It was concluded that exchange rate, market size, human development, and infrastructure positively related to inward FDI while the high level of inflation and political instability negatively related to inward FDI. Therefore, it was suggested that policy makers and government agencies should readdress steps and design policies that would encourage more FDI into the country. <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/abstracts/search?q=exchange%20rate" title="exchange rate">exchange rate</a>, <a href="https://publications.waset.org/abstracts/search?q=foreign%20direct%20investment" title=" foreign direct investment"> foreign direct investment</a>, <a href="https://publications.waset.org/abstracts/search?q=human%20development" title=" human development"> human development</a>, <a href="https://publications.waset.org/abstracts/search?q=inflation%20rate" title=" inflation rate"> inflation rate</a>, <a href="https://publications.waset.org/abstracts/search?q=infrastructure" title=" infrastructure"> infrastructure</a>, <a href="https://publications.waset.org/abstracts/search?q=market%20size" title=" market size"> market size</a>, <a href="https://publications.waset.org/abstracts/search?q=political%20instability" title=" political instability"> political instability</a> </p> <a href="https://publications.waset.org/abstracts/5362/economic-indicators-as-correlates-of-inward-foreign-direct-investment-in-nigeria" class="btn btn-primary btn-sm">Procedia</a> <a href="https://publications.waset.org/abstracts/5362.pdf" target="_blank" class="btn btn-primary btn-sm">PDF</a> <span class="bg-info text-light px-1 py-1 float-right rounded"> Downloads <span class="badge badge-light">415</span> </span> </div> </div> <div class="card paper-listing mb-3 mt-3"> <h5 class="card-header" style="font-size:.9rem"><span class="badge badge-info">8114</span> Phillips Curve Estimation in an Emerging Economy: Evidence from Sub-National Data of Indonesia</h5> <div class="card-body"> <p class="card-text"><strong>Authors:</strong> <a href="https://publications.waset.org/abstracts/search?q=Harry%20Aginta">Harry Aginta</a> </p> <p class="card-text"><strong>Abstract:</strong></p> Using Phillips curve framework, this paper seeks for new empirical evidence on the relationship between inflation and output in a major emerging economy. By exploiting sub-national data, the contribution of this paper is threefold. First, it resolves the issue of using on-target national inflation rates that potentially causes weakening inflation-output nexus. This is very relevant for Indonesia as its central bank has been adopting inflation targeting framework based on national consumer price index (CPI) inflation. Second, the study tests the relevance of mining sector in output gap estimation. The test for mining sector is important to control for the effects of mining regulation and nominal effects of coal prices on real economic activities. Third, the paper applies panel econometric method by incorporating regional variation that help to improve model estimation. The results from this paper confirm the strong presence of Phillips curve in Indonesia. Positive output gap that reflects excess demand condition gives rise to the inflation rates. In addition, the elasticity of output gap is higher if the mining sector is excluded from output gap estimation. In addition to inflation adaptation, the dynamics of exchange rate and international commodity price are also found to affect inflation significantly. The results are robust to the alternative measurement of output gap <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/abstracts/search?q=Phillips%20curve" title="Phillips curve">Phillips curve</a>, <a href="https://publications.waset.org/abstracts/search?q=inflation" title=" inflation"> inflation</a>, <a href="https://publications.waset.org/abstracts/search?q=Indonesia" title=" Indonesia"> Indonesia</a>, <a href="https://publications.waset.org/abstracts/search?q=panel%20data" title=" panel data"> panel data</a> </p> <a href="https://publications.waset.org/abstracts/142577/phillips-curve-estimation-in-an-emerging-economy-evidence-from-sub-national-data-of-indonesia" class="btn btn-primary btn-sm">Procedia</a> <a href="https://publications.waset.org/abstracts/142577.pdf" target="_blank" class="btn btn-primary btn-sm">PDF</a> <span class="bg-info text-light px-1 py-1 float-right rounded"> Downloads <span class="badge badge-light">122</span> </span> </div> </div> <div class="card paper-listing mb-3 mt-3"> <h5 class="card-header" style="font-size:.9rem"><span class="badge badge-info">8113</span> Structural Transformation after 2000 in Turkey Economy Evaluation as Theoretical in the Context of Inflation and Foreign Trade</h5> <div class="card-body"> <p class="card-text"><strong>Authors:</strong> <a href="https://publications.waset.org/abstracts/search?q=Sadife%20G%C3%BCng%C3%B6r">Sadife Güngör</a>, <a href="https://publications.waset.org/abstracts/search?q=Sevilay%20Konya"> Sevilay Konya</a>, <a href="https://publications.waset.org/abstracts/search?q=Zeynep%20Kara%C3%A7or"> Zeynep Karaçor</a> </p> <p class="card-text"><strong>Abstract:</strong></p> Inflation and foreign trade are the most important economic indicator of a country. In this study, Turkey's economy with the policies adopted after 2000, given how performs an economic transformation. This transformation of the economy is discussed with inflation and foreign trade. In this context, attention is drawn to 2001 Strong Economy and Transition Program and 2006 Inflation Targeting Regime. The evaluation was performed of after the year 2000 inflation and foreign trade figures in Turkey economy. When we looked the progress, after 2000 in Turkey economy, we can say a new process was built up. <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/abstracts/search?q=inflation" title="inflation">inflation</a>, <a href="https://publications.waset.org/abstracts/search?q=foreign%20trade" title=" foreign trade"> foreign trade</a>, <a href="https://publications.waset.org/abstracts/search?q=2001%20strong%20economy%20programme" title=" 2001 strong economy programme"> 2001 strong economy programme</a>, <a href="https://publications.waset.org/abstracts/search?q=2006%20inflation%20targeting%20regime" title=" 2006 inflation targeting regime"> 2006 inflation targeting regime</a> </p> <a href="https://publications.waset.org/abstracts/38275/structural-transformation-after-2000-in-turkey-economy-evaluation-as-theoretical-in-the-context-of-inflation-and-foreign-trade" class="btn btn-primary btn-sm">Procedia</a> <a href="https://publications.waset.org/abstracts/38275.pdf" target="_blank" class="btn btn-primary btn-sm">PDF</a> <span class="bg-info text-light px-1 py-1 float-right rounded"> Downloads <span class="badge badge-light">355</span> </span> </div> </div> <div class="card paper-listing mb-3 mt-3"> <h5 class="card-header" style="font-size:.9rem"><span class="badge badge-info">8112</span> Inflation and Unemployment Rates as Indicators of the Transition European Union Countries Monetary Policy Orientation</h5> <div class="card-body"> <p class="card-text"><strong>Authors:</strong> <a href="https://publications.waset.org/abstracts/search?q=Elza%20Jurun">Elza Jurun</a>, <a href="https://publications.waset.org/abstracts/search?q=Damir%20Piplica"> Damir Piplica</a>, <a href="https://publications.waset.org/abstracts/search?q=Tea%20Poklepovi%C4%87"> Tea Poklepović</a> </p> <p class="card-text"><strong>Abstract:</strong></p> Numerous studies carried out in the developed western democratic countries have shown that the ideological framework of the governing party has a significant influence on the monetary policy. The executive authority consisting of a left-wing party gives a higher weight to unemployment suppression and central bank implements a more expansionary monetary policy. On the other hand, right-wing governing party considers the monetary stability to be more important than unemployment suppression and in such a political framework the main macroeconomic objective becomes the inflation rate reduction. The political framework conditions in the transition countries which are new European Union (EU) members are still highly specific in relation to the other EU member countries. In the focus of this paper is the question whether the same monetary policy principles are valid in these transitional countries as well as they apply in developed western democratic EU member countries. The data base consists of inflation rate and unemployment rate for 11 transitional EU member countries covering the period from 2001 to 2012. The essential information for each of these 11 countries and for each year of the observed period is right or left political orientation of the ruling party. In this paper we use t-statistics to test our hypothesis that there are differences in inflation and unemployment between right and left political orientation of the governing party. To explore the influence of different countries, through years and different political orientations descriptive statistics is used. Inflation and unemployment should be strongly negatively correlated through time, which is tested using Pearson correlation coefficient. Regarding the fact whether the governing authority is consisted from left or right politically oriented parties, monetary authorities will adjust its policy setting the higher priority on lower inflation or unemployment reduction. <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/abstracts/search?q=inflation%20rate" title="inflation rate">inflation rate</a>, <a href="https://publications.waset.org/abstracts/search?q=monetary%20policy%20orientation" title=" monetary policy orientation"> monetary policy orientation</a>, <a href="https://publications.waset.org/abstracts/search?q=transition%20EU%20countries" title=" transition EU countries"> transition EU countries</a>, <a href="https://publications.waset.org/abstracts/search?q=unemployment%20rate" title=" unemployment rate"> unemployment rate</a> </p> <a href="https://publications.waset.org/abstracts/2461/inflation-and-unemployment-rates-as-indicators-of-the-transition-european-union-countries-monetary-policy-orientation" class="btn btn-primary btn-sm">Procedia</a> <a href="https://publications.waset.org/abstracts/2461.pdf" target="_blank" class="btn btn-primary btn-sm">PDF</a> <span class="bg-info text-light px-1 py-1 float-right rounded"> Downloads <span class="badge badge-light">440</span> </span> </div> </div> <div class="card paper-listing mb-3 mt-3"> <h5 class="card-header" style="font-size:.9rem"><span class="badge badge-info">8111</span> Calculation of Inflation from Salaries Instead of Consumer Products: A Logical Exercise</h5> <div class="card-body"> <p class="card-text"><strong>Authors:</strong> <a href="https://publications.waset.org/abstracts/search?q=E.%20Dahlen">E. Dahlen</a> </p> <p class="card-text"><strong>Abstract:</strong></p> Inflation can be calculated from either the prices of consumer products or from salaries. This paper presents a logical exercise that shows it is easier to calculate inflation from salaries than from consumer products. While the prices of consumer products may change due to technological advancement, such as automation, which must be corrected for, salaries do not. If technological advancements are not accounted for within calculations based on consumer product prices, inflation can be confused with real wage changes, since both inflation and real wage changes affect the prices of consumer products. The method employed in this paper is a logical exercise. Logical arguments are presented that suggest the existence of many different feasible ways by which inflation can be determined. Then a short mathematical exercise will be presented which shows that one of these methods –using salaries – contains the fewest number of unknown parameters, and hence, is the preferred method, since the risk of mistakes is lower. From the results, it can be concluded that salaries, rather than consumer products, should be used to calculate inflation. <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/abstracts/search?q=inflation" title="inflation">inflation</a>, <a href="https://publications.waset.org/abstracts/search?q=logic" title=" logic"> logic</a>, <a href="https://publications.waset.org/abstracts/search?q=math" title=" math"> math</a>, <a href="https://publications.waset.org/abstracts/search?q=real%20wages" title=" real wages"> real wages</a> </p> <a href="https://publications.waset.org/abstracts/67205/calculation-of-inflation-from-salaries-instead-of-consumer-products-a-logical-exercise" class="btn btn-primary btn-sm">Procedia</a> <a href="https://publications.waset.org/abstracts/67205.pdf" target="_blank" class="btn btn-primary btn-sm">PDF</a> <span class="bg-info text-light px-1 py-1 float-right rounded"> Downloads <span class="badge badge-light">330</span> </span> </div> </div> <div class="card paper-listing mb-3 mt-3"> <h5 class="card-header" style="font-size:.9rem"><span class="badge badge-info">8110</span> Grand Paris Residential Real Estate as an Effective Hedge against Inflation</h5> <div class="card-body"> <p class="card-text"><strong>Authors:</strong> <a href="https://publications.waset.org/abstracts/search?q=Yasmine%20Essafi%20Zouari">Yasmine Essafi Zouari</a>, <a href="https://publications.waset.org/abstracts/search?q=Aya%20Nasreddine"> Aya Nasreddine</a> </p> <p class="card-text"><strong>Abstract:</strong></p> Following a long inflationary period from the post-war era to the mid-1980s (+10.1% annually), France went through a moderate inflation period between 1986 and 2001 (+2.1% annually) and even lower inflation between 2002 and 2016 (+1.4% annually). In 2022, inflation in France increased rapidly and reached 4.5% over one year in March, according to INSEE estimates. Over a long period, even low inflation has an impact on portfolio value and households’ purchasing power. In such a context, inflation hedging should remain an important issue for investors. In particular, long-term investors, who are concerned with the protection of their wealth, seek to hold effective hedging assets. Considering a mixed-asset portfolio composed of housing assets (residential real estate in 150 Grand Paris communes) as well as financial assets, and using both correlation and regression analysis, results confirm the attribute of the direct housing investment as an inflation hedge especially particularly against its unexpected component. Further, cash and bonds were found to provide respectively a partial and an over hedge against unexpected inflation. Stocks act as a perverse hedge against unexpected inflation and provide no significant positive hedge against expected inflation. <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/abstracts/search?q=direct%20housing" title="direct housing">direct housing</a>, <a href="https://publications.waset.org/abstracts/search?q=inflation" title=" inflation"> inflation</a>, <a href="https://publications.waset.org/abstracts/search?q=hedging%20ability" title=" hedging ability"> hedging ability</a>, <a href="https://publications.waset.org/abstracts/search?q=optimal%20portfolio" title=" optimal portfolio"> optimal portfolio</a>, <a href="https://publications.waset.org/abstracts/search?q=Grand%20Paris%20metropolis" title=" Grand Paris metropolis"> Grand Paris metropolis</a> </p> <a href="https://publications.waset.org/abstracts/150286/grand-paris-residential-real-estate-as-an-effective-hedge-against-inflation" class="btn btn-primary btn-sm">Procedia</a> <a href="https://publications.waset.org/abstracts/150286.pdf" target="_blank" class="btn btn-primary btn-sm">PDF</a> <span class="bg-info text-light px-1 py-1 float-right rounded"> Downloads <span class="badge badge-light">113</span> </span> </div> </div> <div class="card paper-listing mb-3 mt-3"> <h5 class="card-header" style="font-size:.9rem"><span class="badge badge-info">8109</span> The Effect of Deficit Financing on Macro-Economic Variables in Nigeria (1970-2013)</h5> <div class="card-body"> <p class="card-text"><strong>Authors:</strong> <a href="https://publications.waset.org/abstracts/search?q=Ezeoke%20Callistus%20Obiora">Ezeoke Callistus Obiora</a>, <a href="https://publications.waset.org/abstracts/search?q=Ezeoke%20Nneka%20Angela"> Ezeoke Nneka Angela</a> </p> <p class="card-text"><strong>Abstract:</strong></p> The study investigated the effect of deficit financing on macroeconomic variables in Nigeria. The specific objectives included to find out the relationship between deficit financing and GDP, interest rate, inflation rate, money supply, exchange rate and private investment respectively on a time series covering a period of 44 years (1970 – 2013). The Ordinary Least Square multiple regression produced statistics for the coefficient of determination (R2), F-test, t-test used for the interpretation of the study. The findings revealed that Deficit financing has significant positive effect on GDP and exchange rate. Again, deficit financing has a positive and insignificant relationship inflation, money supply and investment. Only interest rate recorded negative yet insignificant relationship with deficit financing. The implications of the findings are that deficit financing can be a veritable tool for boosting economic development in Nigeria, but the influential positively rising exchange rate implies that deficit financing devalues the Naira exchange rate to other currencies indicating that deficit financing can affect Nigerians competitive advantage at the world market. Thus, the study concludes that deficit financing has not encouraged economic growth in Nigeria. <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/abstracts/search?q=deficit%20financing" title="deficit financing">deficit financing</a>, <a href="https://publications.waset.org/abstracts/search?q=money%20supply" title=" money supply"> money supply</a>, <a href="https://publications.waset.org/abstracts/search?q=exchange%20rate" title=" exchange rate"> exchange rate</a>, <a href="https://publications.waset.org/abstracts/search?q=inflation" title=" inflation"> inflation</a>, <a href="https://publications.waset.org/abstracts/search?q=GDP" title=" GDP"> GDP</a>, <a href="https://publications.waset.org/abstracts/search?q=investment" title=" investment"> investment</a>, <a href="https://publications.waset.org/abstracts/search?q=Nigeria" title=" Nigeria"> Nigeria</a> </p> <a href="https://publications.waset.org/abstracts/23488/the-effect-of-deficit-financing-on-macro-economic-variables-in-nigeria-1970-2013" class="btn btn-primary btn-sm">Procedia</a> <a href="https://publications.waset.org/abstracts/23488.pdf" target="_blank" class="btn btn-primary btn-sm">PDF</a> <span class="bg-info text-light px-1 py-1 float-right rounded"> Downloads <span class="badge badge-light">478</span> </span> </div> </div> <div class="card paper-listing mb-3 mt-3"> <h5 class="card-header" style="font-size:.9rem"><span class="badge badge-info">8108</span> Interest Rate Prediction with Taylor Rule</h5> <div class="card-body"> <p class="card-text"><strong>Authors:</strong> <a href="https://publications.waset.org/abstracts/search?q=T.%20Bouchabchoub">T. Bouchabchoub</a>, <a href="https://publications.waset.org/abstracts/search?q=A.%20Bendahmane"> A. Bendahmane</a>, <a href="https://publications.waset.org/abstracts/search?q=A.%20Haouriqui"> A. Haouriqui</a>, <a href="https://publications.waset.org/abstracts/search?q=N.%20Attou"> N. Attou</a> </p> <p class="card-text"><strong>Abstract:</strong></p> This paper presents simulation results of Forex predicting model equations in order to give approximately a prevision of interest rates. First, Hall-Taylor (HT) equations have been used with Taylor rule (TR) to adapt them to European and American Forex Markets. Indeed, initial Taylor Rule equation is conceived for all Forex transactions in every States: It includes only one equation and six parameters. Here, the model has been used with Hall-Taylor equations, initially including twelve equations which have been reduced to only three equations. Analysis has been developed on the following base macroeconomic variables: Real change rate, investment wages, anticipated inflation, realized inflation, real production, interest rates, gap production and potential production. This model has been used to specifically study the impact of an inflation shock on macroeconomic director interest rates. <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/abstracts/search?q=interest%20rate" title="interest rate">interest rate</a>, <a href="https://publications.waset.org/abstracts/search?q=Forex" title=" Forex"> Forex</a>, <a href="https://publications.waset.org/abstracts/search?q=Taylor%20rule" title=" Taylor rule"> Taylor rule</a>, <a href="https://publications.waset.org/abstracts/search?q=production" title=" production"> production</a>, <a href="https://publications.waset.org/abstracts/search?q=European%20Central%20Bank%20%28ECB%29" title=" European Central Bank (ECB)"> European Central Bank (ECB)</a>, <a href="https://publications.waset.org/abstracts/search?q=Federal%20Reserve%20System%20%28FED%29." title=" Federal Reserve System (FED)."> Federal Reserve System (FED).</a> </p> <a href="https://publications.waset.org/abstracts/12544/interest-rate-prediction-with-taylor-rule" class="btn btn-primary btn-sm">Procedia</a> <a href="https://publications.waset.org/abstracts/12544.pdf" target="_blank" class="btn btn-primary btn-sm">PDF</a> <span class="bg-info text-light px-1 py-1 float-right rounded"> Downloads <span class="badge badge-light">527</span> </span> </div> </div> <div class="card paper-listing mb-3 mt-3"> <h5 class="card-header" style="font-size:.9rem"><span class="badge badge-info">8107</span> The Vicissitudes of Monetary Policy Rates and Macro-Economic Variables in the West African Monetary Zone</h5> <div class="card-body"> <p class="card-text"><strong>Authors:</strong> <a href="https://publications.waset.org/abstracts/search?q=Jonathan%20Olusegun%20Famoroti">Jonathan Olusegun Famoroti</a>, <a href="https://publications.waset.org/abstracts/search?q=Mathew%20Ekundayo%20Rotimi"> Mathew Ekundayo Rotimi</a>, <a href="https://publications.waset.org/abstracts/search?q=Mishelle%20Doorasamy"> Mishelle Doorasamy</a> </p> <p class="card-text"><strong>Abstract:</strong></p> This study offers an empirical investigation into some selected macroeconomic drivers of the monetary policy rate in member countries of the West African Monetary Zone (WAMZ), considering both internal and external variables. We employed Autoregressive Distributed Lag (ARDL) to carry out the investigation between monetary policy and some macroeconomic variables in both the long-run and short-run relationship. The results suggest that the drivers of the policy rate in this zone, in the long run, include, among others, global oil price, exchange rate, inflation rate, and gross domestic product, while in the short run, federal fund rate, trade openness, exchange rate, inflation rate, and gross domestic product are core determinants of the policy rate. Therefore, in order to ensure long-run stability in the policy rate among the members’ states, these drivers should be given closer consideration so that the trajectory for effective structure can be designed and fused into the economic structure and policy frameworks accordingly. <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/abstracts/search?q=monetary%20policy%20rate" title="monetary policy rate">monetary policy rate</a>, <a href="https://publications.waset.org/abstracts/search?q=macroeconomic%20variables" title=" macroeconomic variables"> macroeconomic variables</a>, <a href="https://publications.waset.org/abstracts/search?q=WAMZ" title=" WAMZ"> WAMZ</a>, <a href="https://publications.waset.org/abstracts/search?q=ARDL" title=" ARDL"> ARDL</a> </p> <a href="https://publications.waset.org/abstracts/182453/the-vicissitudes-of-monetary-policy-rates-and-macro-economic-variables-in-the-west-african-monetary-zone" class="btn btn-primary btn-sm">Procedia</a> <a href="https://publications.waset.org/abstracts/182453.pdf" target="_blank" class="btn btn-primary btn-sm">PDF</a> <span class="bg-info text-light px-1 py-1 float-right rounded"> Downloads <span class="badge badge-light">65</span> </span> </div> </div> <div class="card paper-listing mb-3 mt-3"> <h5 class="card-header" style="font-size:.9rem"><span class="badge badge-info">8106</span> The Fiscal-Monetary Policy and Economic Growth in Algeria: VECM Approach</h5> <div class="card-body"> <p class="card-text"><strong>Authors:</strong> <a href="https://publications.waset.org/abstracts/search?q=K.%20Bokreta">K. Bokreta</a>, <a href="https://publications.waset.org/abstracts/search?q=D.%20Benanaya"> D. Benanaya</a> </p> <p class="card-text"><strong>Abstract:</strong></p> The objective of this study is to examine the relative effectiveness of monetary and fiscal policy in Algeria using the econometric modelling techniques of cointegration and vector error correction modelling to analyse and draw policy inferences. The chosen variables of fiscal policy are government expenditure and net taxes on products, while the effect of monetary policy is presented by the inflation rate and the official exchange rate. From the results, we find that in the long-run, the impact of government expenditures is positive, while the effect of taxes is negative on growth. Additionally, we find that the inflation rate is found to have little effect on GDP per capita but the impact of the exchange rate is insignificant. We conclude that fiscal policy is more powerful then monetary policy in promoting economic growth in Algeria. <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/abstracts/search?q=economic%20growth" title="economic growth">economic growth</a>, <a href="https://publications.waset.org/abstracts/search?q=monetary%20policy" title=" monetary policy"> monetary policy</a>, <a href="https://publications.waset.org/abstracts/search?q=fiscal%20policy" title=" fiscal policy"> fiscal policy</a>, <a href="https://publications.waset.org/abstracts/search?q=VECM" title=" VECM"> VECM</a> </p> <a href="https://publications.waset.org/abstracts/52069/the-fiscal-monetary-policy-and-economic-growth-in-algeria-vecm-approach" class="btn btn-primary btn-sm">Procedia</a> <a href="https://publications.waset.org/abstracts/52069.pdf" target="_blank" class="btn btn-primary btn-sm">PDF</a> <span class="bg-info text-light px-1 py-1 float-right rounded"> Downloads <span class="badge badge-light">310</span> </span> </div> </div> <div class="card paper-listing mb-3 mt-3"> <h5 class="card-header" style="font-size:.9rem"><span class="badge badge-info">8105</span> The Determinants of Financial Stability: Evidence from Jordan</h5> <div class="card-body"> <p class="card-text"><strong>Authors:</strong> <a href="https://publications.waset.org/abstracts/search?q=Wasfi%20Al%20Salamat">Wasfi Al Salamat</a>, <a href="https://publications.waset.org/abstracts/search?q=Shaker%20Al-Kharouf"> Shaker Al-Kharouf</a> </p> <p class="card-text"><strong>Abstract:</strong></p> This study aims to examine the determinants of financial stability for 13 commercial banks listed on the Amman stock exchange (ASE) over the period (2007-2016) after controlling for the independent variables: return on equity (ROE), return on assets (ROA), earnings per share (EPS), growth in gross domestic product (GDP), inflation rate and debt ratio to measure the financial stability by three main variables: capital adequacy, non-performing loans and the number of returned checks. The balanced panel data statistical approach has been used for data analysis. Results are estimated by using multiple regression models. The empirical results suggested that there is statistically significant negative effect of inflation rate and debt ratio on the capital adequacy while there is statistically significant positive effect of growth in gross domestic product on capital adequacy. In contrast, there is statistically significant negative effect of return on equity and growth in gross domestic product on the non-performing loans while there is statistically significant positive effect of inflation rate on non-performing loans. Finally, there is statistically significant negative effect of growth in gross domestic product on the number of returned checks while there is statistically significant positive effect of inflation rate on the number of returned checks. <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/abstracts/search?q=capital%20adequacy" title="capital adequacy">capital adequacy</a>, <a href="https://publications.waset.org/abstracts/search?q=financial%20stability" title=" financial stability"> financial stability</a>, <a href="https://publications.waset.org/abstracts/search?q=non-performing%20loans" title=" non-performing loans"> non-performing loans</a>, <a href="https://publications.waset.org/abstracts/search?q=number%20of%20returned%20checks" title=" number of returned checks"> number of returned checks</a>, <a href="https://publications.waset.org/abstracts/search?q=ASE" title=" ASE"> ASE</a> </p> <a href="https://publications.waset.org/abstracts/107247/the-determinants-of-financial-stability-evidence-from-jordan" class="btn btn-primary btn-sm">Procedia</a> <a href="https://publications.waset.org/abstracts/107247.pdf" target="_blank" class="btn btn-primary btn-sm">PDF</a> <span class="bg-info text-light px-1 py-1 float-right rounded"> Downloads <span class="badge badge-light">224</span> </span> </div> </div> <div class="card paper-listing mb-3 mt-3"> <h5 class="card-header" style="font-size:.9rem"><span class="badge badge-info">8104</span> Commodity Price Shocks and Monetary Policy</h5> <div class="card-body"> <p class="card-text"><strong>Authors:</strong> <a href="https://publications.waset.org/abstracts/search?q=Faisal%20Algosair">Faisal Algosair</a> </p> <p class="card-text"><strong>Abstract:</strong></p> We examine the role of monetary policy in the presence of commodity price shocks using a Dynamic stochastic general equilibrium (DSGE) model with price and wage rigidities. The model characterizes a commodity exporter by its degree of export diversification, and explores the following monetary regimes: flexible domestic inflation targeting; flexible Consumer Price Index inflation targeting; exchange rate peg; and optimal rule. An increase in the degree of diversification is found to mitigate responses to commodity shocks. The welfare comparison suggests that a flexible exchange rate regime under the optimal rule is preferred to an exchange rate peg. However, monetary policy provides limited stabilization effects in an economy with low degree of export diversification. <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/abstracts/search?q=business%20cycle" title="business cycle">business cycle</a>, <a href="https://publications.waset.org/abstracts/search?q=commodity%20price" title=" commodity price"> commodity price</a>, <a href="https://publications.waset.org/abstracts/search?q=exchange%20rate" title=" exchange rate"> exchange rate</a>, <a href="https://publications.waset.org/abstracts/search?q=global%20financial%20cycle" title=" global financial cycle"> global financial cycle</a> </p> <a href="https://publications.waset.org/abstracts/165579/commodity-price-shocks-and-monetary-policy" class="btn btn-primary btn-sm">Procedia</a> <a href="https://publications.waset.org/abstracts/165579.pdf" target="_blank" class="btn btn-primary btn-sm">PDF</a> <span class="bg-info text-light px-1 py-1 float-right rounded"> Downloads <span class="badge badge-light">96</span> </span> </div> </div> <div class="card paper-listing mb-3 mt-3"> <h5 class="card-header" style="font-size:.9rem"><span class="badge badge-info">8103</span> The Response of the Central Bank to the Exchange Rate Movement: A Dynamic Stochastic General Equilibrium-Vector Autoregressive Approach for Tunisian Economy</h5> <div class="card-body"> <p class="card-text"><strong>Authors:</strong> <a href="https://publications.waset.org/abstracts/search?q=Abdelli%20Soulaima">Abdelli Soulaima</a>, <a href="https://publications.waset.org/abstracts/search?q=Belhadj%20Besma"> Belhadj Besma</a> </p> <p class="card-text"><strong>Abstract:</strong></p> The paper examines the choice of the central bank toward the movements of the nominal exchange rate and evaluates its effects on the volatility of the output growth and the inﬂation. The novel hybrid method of the dynamic stochastic general equilibrium called the DSGE-VAR is proposed for analyzing this policy experiment in a small scale open economy in particular Tunisia. The contribution is provided to the empirical literature as we apply the Tunisian data with this model, which is rarely used in this context. Note additionally that the issue of treating the degree of response of the central bank to the exchange rate in Tunisia is special. To ameliorate the estimation, the Bayesian technique is carried out for the sample 1980:q1 to 2011 q4. Our results reveal that the central bank should not react or softly react to the exchange rate. The variance decomposition displayed that the overall inflation volatility is more pronounced with the fixed exchange rate regime for most of the shocks except for the productivity and the interest rate. The output volatility is also higher with this regime with the majority of the shocks exempting the foreign interest rate and the interest rate shocks. <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/abstracts/search?q=DSGE-VAR%20modeling" title="DSGE-VAR modeling">DSGE-VAR modeling</a>, <a href="https://publications.waset.org/abstracts/search?q=exchange%20rate" title=" exchange rate"> exchange rate</a>, <a href="https://publications.waset.org/abstracts/search?q=monetary%20policy" title=" monetary policy"> monetary policy</a>, <a href="https://publications.waset.org/abstracts/search?q=Bayesian%20estimation" title=" Bayesian estimation"> Bayesian estimation</a> </p> <a href="https://publications.waset.org/abstracts/43655/the-response-of-the-central-bank-to-the-exchange-rate-movement-a-dynamic-stochastic-general-equilibrium-vector-autoregressive-approach-for-tunisian-economy" class="btn btn-primary btn-sm">Procedia</a> <a href="https://publications.waset.org/abstracts/43655.pdf" target="_blank" class="btn btn-primary btn-sm">PDF</a> <span class="bg-info text-light px-1 py-1 float-right rounded"> Downloads <span class="badge badge-light">295</span> </span> </div> </div> <div class="card paper-listing mb-3 mt-3"> <h5 class="card-header" style="font-size:.9rem"><span class="badge badge-info">8102</span> Inflation and Unemployment in South Africa: A Review of the Relationship 2000 - 2022</h5> <div class="card-body"> <p class="card-text"><strong>Authors:</strong> <a href="https://publications.waset.org/abstracts/search?q=Chigozie%20Azunna">Chigozie Azunna</a> </p> <p class="card-text"><strong>Abstract:</strong></p> Various studies have been carried out in several countries to determine the relationship between inflation and unemployment. The study was carried out to review this relationship in South Africa. Secondary data was obtained from Statistics South Africa, Reserve bank, and other reliable secondary sources to review this relationship. The study incorporated yearly inflation and unemployment data in South Africa from 2000 to 2022 to explain the relationship between inflation and unemployment in South Africa. The study found the relationship to be nonlinear and lacking any significant association or relationship. Various economic schools of thought postulations were incorporated in the review as it is applied to South Africa. Essentially, the Phillips Curve was reviewed in-line with the study objective. <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/abstracts/search?q=inflation%20and%20unemployment%20in%20south%20africa" title="inflation and unemployment in south africa">inflation and unemployment in south africa</a>, <a href="https://publications.waset.org/abstracts/search?q=philips%20curve" title=" philips curve"> philips curve</a>, <a href="https://publications.waset.org/abstracts/search?q=monetarists" title=" monetarists"> monetarists</a>, <a href="https://publications.waset.org/abstracts/search?q=neo%20keynesian" title=" neo keynesian"> neo keynesian</a>, <a href="https://publications.waset.org/abstracts/search?q=new-classical" title=" new-classical"> new-classical</a> </p> <a href="https://publications.waset.org/abstracts/179012/inflation-and-unemployment-in-south-africa-a-review-of-the-relationship-2000-2022" class="btn btn-primary btn-sm">Procedia</a> <a href="https://publications.waset.org/abstracts/179012.pdf" target="_blank" class="btn btn-primary btn-sm">PDF</a> <span class="bg-info text-light px-1 py-1 float-right rounded"> Downloads <span class="badge badge-light">89</span> </span> </div> </div> <div class="card paper-listing mb-3 mt-3"> <h5 class="card-header" style="font-size:.9rem"><span class="badge badge-info">8101</span> Long Memory and ARFIMA Modelling: The Case of CPI Inflation for Ghana and South Africa</h5> <div class="card-body"> <p class="card-text"><strong>Authors:</strong> <a href="https://publications.waset.org/abstracts/search?q=A.%20Boateng">A. Boateng</a>, <a href="https://publications.waset.org/abstracts/search?q=La%20Gil-Alana"> La Gil-Alana</a>, <a href="https://publications.waset.org/abstracts/search?q=M.%20Lesaoana%3B%20Hj.%20Siweya"> M. Lesaoana; Hj. Siweya</a>, <a href="https://publications.waset.org/abstracts/search?q=A.%20Belete"> A. Belete</a> </p> <p class="card-text"><strong>Abstract:</strong></p> This study examines long memory or long-range dependence in the CPI inflation rates of Ghana and South Africa using Whittle methods and autoregressive fractionally integrated moving average (ARFIMA) models. Standard I(0)/I(1) methods such as Augmented Dickey-Fuller (ADF), Philips-Perron (PP) and Kwiatkowski–Phillips–Schmidt–Shin (KPSS) tests were also employed. Our findings indicate that long memory exists in the CPI inflation rates of both countries. After processing fractional differencing and determining the short memory components, the models were specified as ARFIMA (4,0.35,2) and ARFIMA (3,0.49,3) respectively for Ghana and South Africa. Consequently, the CPI inflation rates of both countries are fractionally integrated and mean reverting. The implication of this result will assist in policy formulation and identification of inflationary pressures in an economy. <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/abstracts/search?q=Consumer%20Price%20Index%20%28CPI%29%20inflation%20rates" title="Consumer Price Index (CPI) inflation rates">Consumer Price Index (CPI) inflation rates</a>, <a href="https://publications.waset.org/abstracts/search?q=Whittle%20method" title=" Whittle method"> Whittle method</a>, <a href="https://publications.waset.org/abstracts/search?q=long%20memory" title=" long memory"> long memory</a>, <a href="https://publications.waset.org/abstracts/search?q=ARFIMA%20model" title=" ARFIMA model"> ARFIMA model</a> </p> <a href="https://publications.waset.org/abstracts/46099/long-memory-and-arfima-modelling-the-case-of-cpi-inflation-for-ghana-and-south-africa" class="btn btn-primary btn-sm">Procedia</a> <a href="https://publications.waset.org/abstracts/46099.pdf" target="_blank" class="btn btn-primary btn-sm">PDF</a> <span class="bg-info text-light px-1 py-1 float-right rounded"> Downloads <span class="badge badge-light">368</span> </span> </div> </div> <div class="card paper-listing mb-3 mt-3"> <h5 class="card-header" style="font-size:.9rem"><span class="badge badge-info">8100</span> Exchange Rate Fluctuations and Economic Performance of Manufacturing Sector: Evidence from Nigeria</h5> <div class="card-body"> <p class="card-text"><strong>Authors:</strong> <a href="https://publications.waset.org/abstracts/search?q=Ifeoma%20Patricia%20Osamor">Ifeoma Patricia Osamor</a>, <a href="https://publications.waset.org/abstracts/search?q=Ayotunde%20Qudus%20Saka"> Ayotunde Qudus Saka</a>, <a href="https://publications.waset.org/abstracts/search?q=Godwin%20Omoregbee"> Godwin Omoregbee</a>, <a href="https://publications.waset.org/abstracts/search?q=Hikmat%20Oreoluwalomo%20Omolaja"> Hikmat Oreoluwalomo Omolaja</a> </p> <p class="card-text"><strong>Abstract:</strong></p> Persistent fall in the value of Nigeria's currency compared to other foreign currencies, constant fluctuations in the exchange rate, and an increase in the price of goods and services necessitated the examination of the effects of exchange rate fluctuations on the economic performance of the manufacturing sector in Nigeria. An ex-post facto research design was adopted. Manufacturing gross domestic product (MGDP) was proxied for performance; Naira/Dollar exchange rate (NDE), Naira/Pounds exchange rate (NPE), Foreign exchange supply (FES) were used for exchange rate fluctuations; and inflation rate (INF) was a control variable. Data were collected from CBN Statistical Bulletin (2020) also World Development Indicators of the World Bank, while data collected were analysed using descriptive analysis, unit root, bounds cointegration test, and ARDL. Findings showed that changes in Naira/Dollar exchange rate (NDE) and Naira/Pound Sterling exchange rate negatively but significantly impact the economic performance of the manufacturing sector, while foreign exchange supply leads to an insignificant positive effect on the economic performance of the manufacturing. The study concludes that exchange rate fluctuations negatively impact the performance of the manufacturing sector in Nigeria and, therefore, recommends that government should encourage export diversification through agriculture, agro-investment, and agro-allied industries that would boost export in order to improve the value of the Naira, thereby stabilizing the exchange rate. <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/abstracts/search?q=exchange%20rate" title="exchange rate">exchange rate</a>, <a href="https://publications.waset.org/abstracts/search?q=economic%20performance" title=" economic performance"> economic performance</a>, <a href="https://publications.waset.org/abstracts/search?q=gross%20domestic%20product" title=" gross domestic product"> gross domestic product</a>, <a href="https://publications.waset.org/abstracts/search?q=inflation%20rate" title=" inflation rate"> inflation rate</a>, <a href="https://publications.waset.org/abstracts/search?q=foreign%20exchange%20supply" title=" foreign exchange supply"> foreign exchange supply</a> </p> <a href="https://publications.waset.org/abstracts/155776/exchange-rate-fluctuations-and-economic-performance-of-manufacturing-sector-evidence-from-nigeria" class="btn btn-primary btn-sm">Procedia</a> <a href="https://publications.waset.org/abstracts/155776.pdf" target="_blank" class="btn btn-primary btn-sm">PDF</a> <span class="bg-info text-light px-1 py-1 float-right rounded"> Downloads <span class="badge badge-light">193</span> </span> </div> </div> <div class="card paper-listing mb-3 mt-3"> <h5 class="card-header" style="font-size:.9rem"><span class="badge badge-info">8099</span> Exploring the Impact of Domestic Credit Extension, Government Claims, Inflation, Exchange Rates, and Interest Rates on Manufacturing Output: A Financial Analysis.</h5> <div class="card-body"> <p class="card-text"><strong>Authors:</strong> <a href="https://publications.waset.org/abstracts/search?q=Ojo%20Johnson%20Adelakun">Ojo Johnson Adelakun</a> </p> <p class="card-text"><strong>Abstract:</strong></p> This study explores the long-term relationships between manufacturing output (MO) and several economic determinants, interest rate (IR), inflation rate (INF), exchange rate (EX), credit to the private sector (CPSM), gross claims on the government sector (GCGS), using monthly data from March 1966 to December 2023. Employing advanced econometric techniques including Fully Modified Ordinary Least Squares (FMOLS), Dynamic Ordinary Least Squares (DOLS), and Canonical Cointegrating Regression (CCR), the analysis provides several key insights. The findings reveal a positive association between interest rates and manufacturing output, which diverges from traditional economic theory that predicts a negative correlation due to increased borrowing costs. This outcome is attributed to the financial resilience of large enterprises, allowing them to sustain investment in production despite higher interest rates. In addition, inflation demonstrates a positive relationship with manufacturing output, suggesting that stable inflation within target ranges creates a favourable environment for investment in productivity-enhancing technologies. Conversely, the exchange rate shows a negative relationship with manufacturing output, reflecting the adverse effects of currency depreciation on the cost of imported raw materials. The negative impact of CPSM underscores the importance of directing credit efficiently towards productive sectors rather than speculative ventures. Moreover, increased government borrowing appears to crowd out private sector credit, negatively affecting manufacturing output. Overall, the study highlights the need for a coordinated policy approach integrating monetary, fiscal, and financial sector strategies. Policymakers should account for the differential impacts of interest rates, inflation, exchange rates, and credit allocation on various sectors. Ensuring stable inflation, efficient credit distribution, and mitigating exchange rate volatility are critical for supporting manufacturing output and promoting sustainable economic growth. This research provides valuable insights into the economic dynamics influencing manufacturing output and offers policy recommendations tailored to South Africa’s economic context. <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/abstracts/search?q=domestic%20credit" title="domestic credit">domestic credit</a>, <a href="https://publications.waset.org/abstracts/search?q=government%20claims" title=" government claims"> government claims</a>, <a href="https://publications.waset.org/abstracts/search?q=financial%20variables" title=" financial variables"> financial variables</a>, <a href="https://publications.waset.org/abstracts/search?q=manufacturing%20output" title=" manufacturing output"> manufacturing output</a>, <a href="https://publications.waset.org/abstracts/search?q=financial%20analysis" title=" financial analysis"> financial analysis</a> </p> <a href="https://publications.waset.org/abstracts/190115/exploring-the-impact-of-domestic-credit-extension-government-claims-inflation-exchange-rates-and-interest-rates-on-manufacturing-output-a-financial-analysis" class="btn btn-primary btn-sm">Procedia</a> <a href="https://publications.waset.org/abstracts/190115.pdf" target="_blank" class="btn btn-primary btn-sm">PDF</a> <span class="bg-info text-light px-1 py-1 float-right rounded"> Downloads <span class="badge badge-light">18</span> </span> </div> </div> <div class="card paper-listing mb-3 mt-3"> <h5 class="card-header" style="font-size:.9rem"><span class="badge badge-info">8098</span> Pufferfish Skin Collagens and Their Role in Inflation</h5> <div class="card-body"> <p class="card-text"><strong>Authors:</strong> <a href="https://publications.waset.org/abstracts/search?q=Kirti">Kirti</a>, <a href="https://publications.waset.org/abstracts/search?q=Samanta%20Sekhar%20Khora"> Samanta Sekhar Khora</a> </p> <p class="card-text"><strong>Abstract:</strong></p> Inflation serves different purposes in different organisms and adds beauty to their behavioral attributes. Pufferfishes are also known as blowfish, swellfish, and globefish due to their remarkable ability to puff themselves up like a balloon when threatened. This ability to inflate can be correlated with anatomical features that are unique to pufferfishes. Pufferfish skin provides a rigid framework to support the body contents and a flexible covering to allow whatever changes are necessary for remarkable inflation mechanism. Skin, the outer covering of animals is made up of collagen fibers arranged in more or less ordered arrays. The ventral skin of pufferfish stretches more than dorsal skin during inflation. So, this study is of much of the interest in comparing the structure and mechanical properties of these two skin regions. The collagen fibers were found to be arranged in different ordered arrays for ventral and dorsal skin and concentration of fibers were also found to be different for these two skin parts. Scanning electron microscopy studies of the ventral skin showed a unidirectional arrangement of the collagen fibers, which provide more stretching capacity. Dorsal skin, on the other hand, has an orthogonal arrangement of fibers. This provides more stiffness to the ventral skin at the time of inflation. In this study, the possible role of collagen fibers was determined which significantly contributed to the remarkable inflation mechanism of pufferfishes. <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/abstracts/search?q=collagen" title="collagen">collagen</a>, <a href="https://publications.waset.org/abstracts/search?q=histology" title=" histology"> histology</a>, <a href="https://publications.waset.org/abstracts/search?q=inflation" title=" inflation"> inflation</a>, <a href="https://publications.waset.org/abstracts/search?q=pufferfish" title=" pufferfish"> pufferfish</a>, <a href="https://publications.waset.org/abstracts/search?q=scanning%20electron%20microscopy" title=" scanning electron microscopy"> scanning electron microscopy</a>, <a href="https://publications.waset.org/abstracts/search?q=Small-Angle%20X-Ray%20Scattering%20%28SAXS%29" title=" Small-Angle X-Ray Scattering (SAXS)"> Small-Angle X-Ray Scattering (SAXS)</a>, <a href="https://publications.waset.org/abstracts/search?q=transmission%20electron%20microscopy" title=" transmission electron microscopy"> transmission electron microscopy</a> </p> <a href="https://publications.waset.org/abstracts/85346/pufferfish-skin-collagens-and-their-role-in-inflation" class="btn btn-primary btn-sm">Procedia</a> <a href="https://publications.waset.org/abstracts/85346.pdf" target="_blank" class="btn btn-primary btn-sm">PDF</a> <span class="bg-info text-light px-1 py-1 float-right rounded"> Downloads <span class="badge badge-light">317</span> </span> </div> </div> <ul class="pagination"> <li class="page-item disabled"><span class="page-link">&lsaquo;</span></li> <li class="page-item active"><span class="page-link">1</span></li> <li class="page-item"><a class="page-link" href="https://publications.waset.org/abstracts/search?q=inflation%20rate&page=2">2</a></li> <li class="page-item"><a class="page-link" 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