The objective of this study is to analyze the effects oil rent on economic development in Congo over a period from 1987 2016. Following estimation Vector Error Correction Model (VECM), result shows that dependence negatively affects Congo. poor performance growth and mainly linked deterioration governance generalization corruption. This allows us formulate an policy implication focuses sustaina...

We develop methods for Bayesian inference in vector error correction models which are subject to a variety of switches in regime (e.g. Markov switches in regime or structural breaks). An important aspect of our approach is that we allow both the cointegrating vectors and the number of cointegrating relationships to change when the regime changes. We show how Bayesian model averaging or model se...

Pepper is one of the plantation commodities traded in international market. The price pepper at producer level determined by market on world This research aims to analyze integration between Lampung Province and study uses secondary data form monthly prices Province, domestic for period January 2013 - December 2020. analysis Vector Error Correction Model (VECM). results showed that there was lo...

This study analyzes factors affecting the price of South Korea’s Certified Emission Reduction (CER) using statistical methods. CER refers to the transaction price for the amount of carbon emitted. Analysis of results found a co-integration relationship among the price of South Korea’s CER, oil price (WTI), and South Korea’s maximum electric power demand, which means that there is a long-term re...

The study investigates whether the financial liberalization undertaken in India has resulted in integration of Indian markets with global markets. First, we investigate covered interest rate parity (CIP) between India and the US using 3 month interbank interest rates and 1 year swap rates. The results show little evidence of a long term equilibrium relationship between the domestic interest rat...

This study investigated the relationship between financial development and economic growth for Ireland for the period 1965-2007 using a vector error correction model (VECM). Questions were raised whether financial development causes economic growth or reversely taking into account the positive effect of industrial production index. Financial market development is estimated by the effect of cred...

This study examines the dynamic relationships between stock market performance and the interest rates in Sri Lanka during June 2004 to April 2011. We use all share price index in the Colombo stock exchange as a measure of stock market performance indicator and Sri Lanka interbank offer rate as a measure of interest rate. We employ some conventional time series econometric techniques namely Unit...

investigation of long run space integration (si) and convergence in agricultural market is very important, because it shows that price differenc of integrated markets is equal to marketing cost in long run and there are the law of one price (lop) in these markets. in this study, si and lop in bony fish market in mazandaran and guilan provinces are investigated. therefore, markets of kutum, carp...

The imbalances between investment financing and domestic savings in terms of providing sufficient capital are an obstacle to implementing economic development Indonesia. Therefore, the flow foreign is indispensable, one which by portfolio order increase market liquidity as a source development. This study aims analyze response influence gross product variables, inflation, exchange rates, intere...