Evaluation of the Relationship between Macroeconomic Variables and Industrial Price Index
Journal Title: International Journal of Advanced Studies in Humanities and Social Science - Year 2018, Vol 7, Issue 0
Abstract
This study investigates the separate relationships between three macroeconomic variables the consumer price index, oil prices, and foreign exchange rates and the consolidated price movements of a 24-industry index of stocks listed on the Tehran Stock Exchange during 2003–2009. We hypothesize a significant and direct relation between each macro variable and price movements of the 24-industry index. To test our hypotheses, we use econometric methods that include ordinary least squares (OLS), linear regression, the Dickey–Fuller test, the Phillips–Perron unit root test, the F test, and the White test. Results indicate a direct and significant relation between the CPI and the 24-industry index. However, results confirm that there is no significant relation between either the oil price or the exchange rate and the index during the period examined.
Authors and Affiliations
Javad Sadeghi Panah, Rahebeh Boroumand, Amir Hassan Susaraie, Karim Esgandari, Leila Beigloo
Keywords
Related Articles
- EP ID EP638167
- DOI -
- Views 67
- Downloads 0
The Effects of Captioned Slides on Learning of English Idiomatic Expressions among EFL Learners in the Intermediate Level
Using caption in teaching English as a second language has had its particular advocates throughout the history of language teaching. The present study intends to examine the potential effectiveness of captioned inputs fo...
Propagation Methods of Wahhabism in Khuzestan Province
Wahhabism is a movement emerged in the 4th century by Ahmad ibnTaymiyyah, revived and developed during the 8th century by Muhammad ibnAbd al-Wahhab. Receiving support from western countries, this movement was officially...
The Effect of Strategic Purchasing on Supplier Development and Performance
Purpose: The aim of this article is to introduce the effect of strategic purchase (SP) on the suppliers’ development (SD) and purchasing performance. Design/methodology/approach: The research method is causal applied one...
Feasibility Study of implementing Total Quality Managementin Shiraz Technical and Vocational Training Centers
The purpose of this study is the feasibility of establishing Total Quality Management. The research method is survey type. The population of vocational training centers in Shiraz. The sample size was determined by conduc...
Feasibility Assessment of Target Costing in Yasuj Cement Factory
Target Costing is a powerful strategic tool which enables an organization to handle three diemsions simultaneously, i.e. the quality, cost and time and control the costs beforehand. The main issue is that whether or not...