Demand for Money in India: An ARDL Approach

Rishad, Abdul; Sharma, Akhil; Gupta, Sanjeev

doi:10.1007/978-3-319-99555-7_2

Cited by 2 publications

(2 citation statements)

References 38 publications

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“…In this study, we chose the CUSUM and CUSUM squares tests, which Brown et al (1975) developed. In accordance with both tests, the structural stability of the estimators is proven only if their statistic graphs fall within the critical limits at the significance level of 5% ((Ali 2017), (Durmaz and Lee 2015), (Dritsakis 2011), (Halicioglu 2007), (Shahrestani and Sharifi-Renani 2007)).…”

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confidence: 85%

Contributions of Investment and Employment to the Agricultural GDP Growth in Egypt: An ARDL Approach

Abdelgawwad

Kamal

2023

Economies

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This paper explores the impact of investment and employment on Egypt’s agricultural growth during the period 1991 to 2021 using annual time series data. We use the ARDL approach to examine the long-run and short-run relationships among agricultural investment, agricultural employment and agricultural GDP. The results reveal that the variables of interest are bound together in the long run. The long-run relationship and the error correction model are estimated. The accompanying equilibrium correction proves that long-run linkages exist in a meaningful way. Results show that agricultural investment and agricultural employment are major short- and long-run determinants of the agricultural GDP. In the long run, every 1% increase in agricultural employment (AEMP) results in an increase in the agricultural GDP (AGDP) of 3.73%, while every 1% increase in agricultural investment (AINV) improves the AGDP by 0.43%. In the short run, 26% of all disequilibrium-causing motions are adjusted for in a single session. Therefore, it takes 3.85 years for the Egyptian agricultural GDP to achieve the transition from a short-term disequilibrium situation to a long-term equilibrium. Thus, decision makers should increase the rates of investment in the agricultural sector, in parallel to the development of the agricultural labor force in Egypt. Moreover, the increased allocation of public investments and the injection of private investments are highly recommended. In addition, the Egyptian agricultural sector needs improvements regarding human capital development and agricultural training. Finally, the government must initiate comprehensive farmer support services, bolstered farm/non-farm links and the promotion of rural SMEs to serve as the foundation for agricultural and rural development.

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confidence: 85%

Contributions of Investment and Employment to the Agricultural GDP Growth in Egypt: An ARDL Approach

Abdelgawwad

Kamal

2023

Economies

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“…The term 𝐶𝑜𝑖𝑛𝑡𝐸𝑞 𝑡−1 in Table 7 expresses how much of the disequilibrium is adjusted, that is, the degree to which the disequilibrium of the previous period is changed in the current period. The positive coefficient of the ECM term indicates a divergence, and the negative value of the coefficient suggests a convergence (Rishad et al, 2018). The stable long-run relationship exists and is strengthened by the highly significant error correction term (Banerjee et al, 1998).…”

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confidence: 99%

Short and Long Run Effects of Monetary Policy on Food Inflation: A Study of Pakistan

Ali,

Ullah,

Ahmed

et al. 2023

J. Econ. Impact

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Food plays a major role in the consumption basket of developing countries such as Pakistan, with a significant portion of the insufficient income of poor individuals spending on food. Therefore, higher food inflation severely affects the purchasing power of poor people. This study is designed to estimate the short and long-run impacts of monetary policy on food inflation in Pakistan. For this purpose, time series data from September 2005 to October 2020 was used through the Autoregressive Distributed Lag (ARDL) model. The findings indicate that food inflation can become stable by restrictive monetary policy in both the short and long run. The results show that the short-run shocks can be adjusted at the speed of 13.9% per month. To tackle food inflation, a balanced monetary policy is suggested. On the other hand, a fiscal policy providing subsidized food items to people can also be implemented to tackle food inflation in Pakistan.

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Demand for Money in India: An ARDL Approach

Cited by 2 publications

References 38 publications

Contributions of Investment and Employment to the Agricultural GDP Growth in Egypt: An ARDL Approach

Contributions of Investment and Employment to the Agricultural GDP Growth in Egypt: An ARDL Approach

Short and Long Run Effects of Monetary Policy on Food Inflation: A Study of Pakistan

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