Print ISSN: 2204-1990

Online ISSN: 1323-6903

Keywords : Inflation


Banking Sector Development, Inflation and Economic Growth of Pakistan: The Nexus

Muhammad Awais, Sayed Fayaz Ahmad, Poonam Riaz, Muhammad Ibrahim

Journal of Contemporary Issues in Business and Government, 2021, Volume 27, Issue 5, Pages 266-293
DOI: 10.47750/cibg.2021.27.05.018

Study has been conducted to analyze the causal relation among banking sector development,
inflation and economic growth of Pakistan. Study undertake the yearly data from 1960 to 2018
where as data has been collected from world bank indicators. Banking sector development has
been analyzed with help of five different variables BRM, CLP, DCP, DCB and BSI where as
Inflation has been measure with help of inflation and economic development has been measure
with GDP growth in percentage. Intiallyunitroot test has been applied on as collected data is in
time series where GDP is found stationary at level I(0) and other avriables found stationary after
taking first difference I(1).Johansson co-intergration test has been applied to identify the
relationship between variables VECM granger causality test has been applied to identify the
direction of relationship between variables. Results shows thatBidirectional causality found
between INF and BRM while unidirectional causality found from GDP to INF, INF to GDP,
GDP to CLP, INF to BSI, CLP to INF and INF to DCB Study conclude that not all the variables
are integrated with eachother only few of selected variables of banking sectors have relation with
GDP and INF.

Disaggregated Analysis Of Phillips Curve In Pakistan

ROOMA ASJED; Dr.SHAISTA ALAM

Journal of Contemporary Issues in Business and Government, 2021, Volume 27, Issue 3, Pages 2284-2291
DOI: 10.47750/cibg.2021.27.03.281

This study has estimated disaggregated Phillips Curve (PC) in case of Pakistan for food, nonfood and core inflation using annual time series data. The main objective of the study is to compare traditional and open economy Phillips curves using global output gap as external determinant of inflation. The study has estimated global slack hypothesis by augmenting traditional PC with global output gap as measures of global determinant. The accurate measurement of slope of PC has significant role in effective monetary policy formulation to control inflation through managing aggregate demand. There is abundant literature investigating whether Phillips curve still holds, weakened or strengthened as it used to be before 1990. Although less focused in case of Pakistan, for other countries the literature shows evidence of flattening of PC due to many reasons mainly globalization. The results of this study indicate existence of global slack hypothesis where both domestic and global output gaps affect overall inflation in Pakistan positively and significantly. However, when estimated for food and nonfood inflation separately for the period 1976-2019, domestic output gap in presence of global output gap does not affect nonfood inflation in Pakistan. Similarly, for core inflation domestic output gap in presence of global output gap does not affect core inflation in Pakistan. This finding is consistent with existing literature arguing that central banks’ monetary policy intervention significantly affects relation between domestic output gap and core inflation. The results have also indicated that global economic crisis 2008 positively affected overall, food, nonfood and core inflation in Pakistan. The main policy implication of the study is that demand management policies in Pakistan need to be accompanied with supply side price controlling measures considering global economic factors.

Factors Affecting Business Performance and Enhancing Competitiveness for Company in Vietnam - Case of Quang Ngai Agricultural Products and Food JSC

NGUYEN VAN DAT; DUONG THI AI NHI

Journal of Contemporary Issues in Business and Government, 2021, Volume 27, Issue 2, Pages 4142-4148
DOI: 10.47750/cibg.2021.27.02.432

Business performance will be reflected via measures such as stock price, revenues and net profits, etc.
To be more competitive and have better performance, there are several factors that affect firm performance which need to be measured.
We mainly use combination of quantitative methods (statistics, calculation formulas) with OLS regression and qualitative methods including synthesis, inductive and explanatory methods.
The research findings in the case of Quang Ngai Agricultural Products and Food JSC (APF) tell us that For internal factors: R, Rf and CPI has positive correlation with APF stock price. For external factors: exchange rate has more impacts (negative relationship) on stock price.
Besides, this study also give out recommendations for enhancing competitiveness and business performance.

Monetary Policy Of The Uzbekistan And Its Improvement Ways In Implementing

Ro’ziyev Zafar Ikramovich; Yakubova Shamsinur Shukhratovna; Shodiyev Bekzod Toʻlqinovich; Babayeva Lola Ibragimovna

Journal of Contemporary Issues in Business and Government, 2021, Volume 27, Issue 1, Pages 1551-1557

In world practice, the main goal of the activities of almost all central banks is to ensure the stability of national currencies and achieve price stability. The monetary policy of the central bank affects not only the money supply and interest rates, but also the overall level of economic development, that is, the well-being of every citizen in our country. Today, the world's central banks, Uzbekistan the main criterion of the Central Bank's activity is price control, inflation control. The generally accepted view today is that price management, economic education, and employment management are the necessary conditions. Prolonged periods of high inflation in a country can have dangerous consequences for the economy. This article presents scientific proposals and practical recommendations for the study and improvement of the monetary policy of the Central Bank of the Republic of Uzbekistan.

Steps to be followed when home currency is weak

DR.P.PRAVEEN KUMAR; MS.S.MAQSOODA NAAZ

Journal of Contemporary Issues in Business and Government, 2020, Volume 26, Issue 2, Pages 591-597
DOI: 10.47750/cibg.2020.26.02.079

The study of the research paper deals with the money market and the appreciation of home currency value. The exchange rate mainly depends on the value of the home currency and the investments made by the people in the country. Investment plays a major role in currency appreciation. Trading with more than one currency at global level is called as Foreign Exchange. The Forex market deals with the currency exchange at global level. The value of home currency depends on the rate of exchange. The exchanging rate of currency can affect the trading factors of the country. Even the currency value can be determined by the import export of the country. Inflation plays a vital role in the Forex market. The inflation is expected to have a pessimistic impact on the exchange rate, low inflation does not assure favorable exchange during high inflation rate has a negative impact. Investments made by people of the country helps to avoid inflation.