The relationship between inflation and GDP with reference to oil based economy

Salamai, Abdullah Ali; Faisal, Syed Mohammad; Khan, Ahmad Khalid

doi:10.54660/anfo.2022.3.1.21

Cited by 8 publications

(7 citation statements)

References 9 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…Inflation has a significant effect on OIC GDP. The results of this study support research from Salamai et al (2022) that there is no significant relationship between GDP and inflation rates in Saudi Arabia. Qudah & Aloulou (2020) explain that inflation can affect GDP through various channels, such as consumer behavior, business decisions, and monetary policy responses.…”

Section: Resultssupporting

confidence: 87%

Bank Credit and Economic Growth: Evidence from OIC Countries

Rusydiana,

Ikhwan

2024

View full text Add to dashboard Cite

This study aims to explore the impact of bank credit along with three other independent variables, namely population, employment, and inflation, on economic growth in 55 Organization of Islamic Cooperation (OIC) member countries. The data used is annual panel data from 2010 to 2021, obtained from SESRIC OIC. The analysis method applied in this study is static panel data regression. The results show that each independent variable, such as population, employment, inflation, and total bank credit, has a significant effect both simultaneously and partially on the economic growth variable (GDP). Bank credit facilitates the efficient allocation of resources from savers to borrowers who have productive investment opportunities, thereby promoting economic growth. Second, banks act as an important channel in the transmission of monetary policy by providing financial intermediation, receiving and utilizing large amounts of public funds, and creating money supply. Third, bank credit expansion is associated with higher economic growth across industries, encouraging tangible investment but not intangible investment in more debt-dependent industries.

show abstract

Section: Resultssupporting

confidence: 87%

Bank Credit and Economic Growth: Evidence from OIC Countries

Rusydiana,

Ikhwan

2024

View full text Add to dashboard Cite

show abstract

“…Numerous studies have been performed to look at how macroeconomic factors affect economic growth from the viewpoint of various nations. However, in case of Saudi Arabia, Salamai et al, (2021) examined the effect of inflation on GDP during 1969 to 2020. The authors employed different econometric techniques such as OLS and Jorq Bera test to investigate the influence of inflation on GDP.…”

Section: Literature Reviewmentioning

confidence: 99%

Revisiting the macroeconomic variables and Economic growth nexus: evidence from Pakistan

2021

GJHSSR

View full text Add to dashboard Cite

The aim of this study is to examine the influence of macroeconomic factors such as inflation and real effective exchange rate on economic growth of Pakistan. This study employing time series data covering the period from 1990 to 2020. The study also used correlation coefficient and regression analysis to accomplish the goal. However, the findings of correlation coefficient indicates that inflation has negative and significant impact on economic growth, whereas real effective exchange rate has positive but insignificant effect on GDP growth of Pakistan. Result of regression analysis reveals that inflation and real effective exchange rate has significantly negative and positive effect on economic growth (GDP) of Pakistan. The study finding`s suggested SBP to pursue a rigorous monetary policy in order control inflation.

show abstract

“…The expansion in the transportation industry, including private vehicle travel, public transportation, and freight, is also growing for the same reasons. Due to this, demand for oil-based energy has skyrocketed, particularly in industrialized and developing nations [13]. Data on daily global oil consumption indicate that the amount of oil consumed rises every year.…”

Section: Introductionmentioning

confidence: 99%

Biodiesel production from hempseed (Cannabis sativa L.) oil: Providing optimum conditions by response surface methodology

Yazilitaş,

Yilbaşi,

Yeşilyurt

2024

Sci. Tech. Energ. Transition

View full text Add to dashboard Cite

This study focuses on the optimization of biodiesel synthesis using non-edible hempseed oil as the feedstock. The Response Surface method was used to find the best methanol:oil molar ratio, catalyst concentration, reaction temperature, and reaction duration for the transesterification process. The center composite design experimental design was used to make the design. A total of 30 cycles were conducted to adjust the four parameters at five different levels in order to optimize the biodiesel production process. It was found that the best conditions for transesterification of hempseed oil were a KOH catalyst concentration of 0.80 wt%, a molar ratio of 7.41:1, a reaction time of 62.83 minutes, and a reaction temperature of 61.92 °C. Under these optimized reaction conditions, the predicted biodiesel yield was 95.57%, while the experimental yield was 95.24%. The biodiesel produced using the optimized parameters was analyzed for its properties, and the findings demonstrated that it met the requirements of EN14214, a standard for biodiesel quality. The optimization of the biodiesel synthesis process using non-edible hempseed oil contributes to the exploration of alternative and sustainable feedstocks for biodiesel production. The values of the produced biodiesel within the standard range demonstrate its suitability for commercial applications and strengthen the potential of hemp seed oil as a suitable raw material for biodiesel production.

show abstract

The relationship between inflation and GDP with reference to oil based economy

Cited by 8 publications

References 9 publications

Bank Credit and Economic Growth: Evidence from OIC Countries

Bank Credit and Economic Growth: Evidence from OIC Countries

Revisiting the macroeconomic variables and Economic growth nexus: evidence from Pakistan

Biodiesel production from hempseed (Cannabis sativa L.) oil: Providing optimum conditions by response surface methodology

Contact Info

Product

Resources

About