The Impact of Macroeconomic, Oil Prices and Socio-economicFactors on Exchange Rate in Pakistan: An Auto RegressiveDistributed Lag Approach

Suresh RAMAKRİSHNAN; Shamaila BUTT; Melati Ahmad ANUAR

Makale detayları

The Impact of Macroeconomic, Oil Prices and Socio-economicFactors on Exchange Rate in Pakistan: An Auto RegressiveDistributed Lag Approach

Yazarlar:

Suresh RAMAKRİSHNAN | Shamaila BUTT | Melati Ahmad ANUAR

Yayıncı:

İlhan ÖZTÜRK

Dergi:

International Journal of Economics and Financial Issues 2017 Vol.7 Issue 1, pp.489-499

Belge Tipi:

Makale

Yayın Tarihi:

2/2017

Belge Dili:

Türkçe

Document ID (Org No.):

2000812122

Sıklık:

İki Aylık

eISSN:

2146-4138

Özet:

 

The study examines the linkages among the nominal exchange rate, oil prices, terrorism and three selected macroeconomic variables: real growth rate, inflation rate and interest rate. The paper employed Auto Regressive Distributed Lag to test the long run and short run dynamics over the period 1980 to 2015 in the context of Pakistan. A novel technique to this research is that we demarcate the relationship among macroeconomic variables, financial variable and socio-economic variable. The findings of the research depict a robust long run relationship among variables. Furthermore, the results showed that the adjustment process is slow and short run adjustment indicating that the discrepancies adjust completely in the same period. Hence, the efficient monetary and fiscal policy should keep into consideration before devising policies that have a greater influence on the variability of exchange rate.

Makale detayları

The Impact of Macroeconomic, Oil Prices and Socio-economicFactors on Exchange Rate in Pakistan: An Auto RegressiveDistributed Lag Approach

Yazarlar: Suresh RAMAKRİSHNAN | Shamaila BUTT | Melati Ahmad ANUAR

Yayıncı: İlhan ÖZTÜRK

Dergi: International Journal of Economics and Financial Issues 2017 Vol.7 Issue 1, pp.489-499

Belge Tipi: Makale

Yayın Tarihi: 2/2017

Belge Dili: Türkçe

Document ID (Org No.): 2000812122

Sıklık: İki Aylık

eISSN: 2146-4138

Sayı

Yazarlar:

Suresh RAMAKRİSHNAN | Shamaila BUTT | Melati Ahmad ANUAR

Yayıncı:

İlhan ÖZTÜRK

Dergi:

International Journal of Economics and Financial Issues 2017 Vol.7 Issue 1, pp.489-499

Belge Tipi:

Makale

Yayın Tarihi:

2/2017

Belge Dili:

Türkçe

Document ID (Org No.):

2000812122

Sıklık:

İki Aylık

eISSN:

2146-4138