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Cointegration Analysis Of Oil Prices And Consumer Price Index In South Africa Using Stata Software, Mphumuzi A. Sukati Mr
Cointegration Analysis Of Oil Prices And Consumer Price Index In South Africa Using Stata Software, Mphumuzi A. Sukati Mr
Mphumuzi A Sukati Mr
This paper investigates the concept of vector autoregression (VAR) and cointegration using a bivariate model of global oil prices and headline Consumer Price Index (CPI) in South Africa. The study aims to determine how much of inflation is driven by oil prices. Particular attention is paid to the theoretical underpinnings of cointergration analysis and the application of STATA software to undertake such analysis and perform test statistics. Contrary to the popular myth that a rise in global oil prices fuels inflation, this study has observed that global oil prices are not the drivers of inflation in South Africa. In this …
Transmisión De Precios Para Los Mercados Del Maíz Y Arroz En América Latina, Laure C. Dutoit, Karla Hernández, Cristóbal Urrutia
Transmisión De Precios Para Los Mercados Del Maíz Y Arroz En América Latina, Laure C. Dutoit, Karla Hernández, Cristóbal Urrutia
Laure C Dutoit
The goal of this paper is to analyze price transmission from the international market towards the domestic one, in the case of rice and maize. The countries studied are El Salvador, Honduras, Panama, Guatemala, Nicaragua and Costa Rica in Center America and Chile and Brazil in South America. The cointegration method is applied to determine if price transmission exists. Furthermore, error correction models are used to estimate the speed of adjustment to deviations from the long-run relationship between the domestic and international markets. Strong price transmission was found in Chile in the maize market and Brasil in the rice market. …