The Impact of Oil Prices on the G7’s Inflation Rate: An Econometric Study for the Period (1986-2016)

Banikhalid, Hmood H.

doi:10.5539/ijef.v9n6p167

Cited by 3 publications

(1 citation statement)

References 6 publications

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“…This can improve the financial conditions of industries, leading to increased investment and production (Massooma et al, 2020). Lastly, demand expansion driven by moderate inflation can stimulate industrial production as businesses strive to meet the rising consumer needs and therefore, the positive relationship between inflation and Industrial Value Added may reflect the broader industrial activity (Banikhalid, 2017;Maroof et al, 2019).…”

Section: Long Run Analysismentioning

confidence: 99%

Trade Openness, Market Capitalization and Entrepreneurial Ventures: Implications for Business and Industrial Growth of Pakistan

Muhammad Ahsan Bhutta,

Muhammad Ramzan Sheikh,

Irfan Hussain

2024

JEBV

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The activities of entrepreneurs, market capitalization and trade openness have a significant impact on accelerating the process of industrialization in Pakistan. Economic integration is promoted by trade openness by giving access to new markets and technological advancements to local companies that increase competition, productivity and efficiency. The attractiveness of the business environment and the confidence of investors are gauged by market capitalization. A strong market capitalization gives access to funding for growth and innovation by drawing in both domestic and foreign investment. Entrepreneurship drives innovation, employment opportunities and diversification by infusing the economy with validity and invention. Pakistan can unlock its full potential and open the door to sustainable business and industrial growth. The study aims to seek the effect of trade openness, market capitalization and entrepreneurial ventures on industrial value added or industrial growth in Pakistan by taking the time series data over the period 2000-2022. The study has used the Autoregressive Distributive Lag Model (ARDL). The results point out that lending interest rates and taxes have a negative impact on industrial value added while inflation, trade, market capitalization, secondary school enrollment, private sector credit, and energy consumption show a favorable influence on industrial value added. The study has suggested that policymakers need comprehensive strategies for the expansion of the industry, with fiscal policies to manage inflation, foster competitiveness, and promote trade openness and market capitalization.

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Section: Long Run Analysismentioning

confidence: 99%

Trade Openness, Market Capitalization and Entrepreneurial Ventures: Implications for Business and Industrial Growth of Pakistan

Muhammad Ahsan Bhutta,

Muhammad Ramzan Sheikh,

Irfan Hussain

2024

JEBV

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show abstract

Forward-looking agents and inflation in an oil-producing country: Evidence from Iran

Kia

Jafari

2020

Journal of Asian Economics

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Examining the Response of Inflation to the Boom-Bust Cycle of Oil Price: Evidence from Nigeria

Nnadozie¹,

Emediegwu

Raifu

2022

SSRN Journal

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The Impact of Oil Prices on the G7’s Inflation Rate: An Econometric Study for the Period (1986-2016)

Abstract: The study aims at determining the impact of oil prices on the G7 inflation rate, and examining the nature of that impact, whether negative or positive, if existed, during the period from

Cited by 3 publications

References 6 publications

Trade Openness, Market Capitalization and Entrepreneurial Ventures: Implications for Business and Industrial Growth of Pakistan

Trade Openness, Market Capitalization and Entrepreneurial Ventures: Implications for Business and Industrial Growth of Pakistan

Forward-looking agents and inflation in an oil-producing country: Evidence from Iran

Examining the Response of Inflation to the Boom-Bust Cycle of Oil Price: Evidence from Nigeria

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