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Association between gdp deflators of world
- 2. Overview Problem Statement Hypothesis Outline of the Study Definition
- 3. The study comprises of GDP deflator of the world and this research mainly investigates the association between GDP deflator of the world. The main source of these measures would account for secondary data, having being obtained from World Bank. This article describes the impact of the GDP deflator and assesses the significant effect on countries located in varies continents. The GDP Deflator is accounted through the Bureau of Economic Analysis (BEA), by means of 2005 as the foundation year; the deflator designed for 2005 is place to 100 among additional years reported comparative to the 2005.
- 4. To study the relationship between GDP deflators of different countries.
- 5. Is there any association between GDP deflator and the world.
- 6. The first chapter in this study contains an overview of variables, statement of problems that shows the investigation of the impact of GDP deflator on the world and hypothesis which was proposed in the research with a brief outline of the study. Chapter two have the real meaning of research studies restricted with various research resources. In this chapter the researchers have came across at previous researches on similar topics and variables. It also gives an overview on in what way the variables of the given research have been linked with other factors by different authors and what were the findings of those researches. Chapter four contains the results and findings of this study which show the relationships between variables. The last Chapter five have conclusion; which gives the summary of entire research, discussions, implications faced and possible future researches which were found to be of notice during the given research.
- 7. Bureau of Economic Analysis (BEA) The plan of the BEA is to give the better considerate of the financial system and to offer applicable, precise information in a cost effectual way.
- 8. Ajuzi , Edoh, Kang, Uwakonye and Keleta (2008) In the sixteen century the quantity theory of the money and exchange equation was developed. It was developed to speculate the response some of the variables, more especially the rate of inflation with the imports of goods and services. To estimate the model the vector auto regression was used. The consequences show that the impact of reduction in growth rate of CPI inflation over the import, therefore the economic policy has been formulated in a way so that it made wet the weight of inflationary pressure.
- 9. Karnika and Fernandes (2009) Experiments and counter factual has been done to analyze the impact of oil sector. Instruments targets approach also used to determine the impact of the oil sector. Ghinamo and Panteghini (2009) investigated how the corporate tax rates will be affected by the impact of economic and political conditions. large dataset from 1983 to 2003 period of countries was being analyzed. Those countries that have high human capital may also have result in higher physical investment ratios related to GDP and lower fertility. Government consumption share in GDP is inversely proportional to the growth, but public investment share is insignificantly related. Market distortions proxy is negatively related to growth rate and positively related to political stability.
- 10. Baier and Bergstrand (2007) the study discusses how and why the world trade grows and what are their results and causes. Economist discussion tend to see this question as cause of grow are the political led means liberalization of trade in bilateral and multilateral, whereas journalists argue that because of technology led which result in low transportation cost is the reason of grow in world trade. Hwang ,Huang and Yang (2008) study was conducted tested to analyze the relationship involving economic enlargement and energy utilization. The data of GDP and energy consumption of 82 countries from 1972-2002 was collected, further categorized in to four groups and then tested to analyze the relationship involving economic enlargement and energy utilization. At the end of the analysis no evidence has been found which will represent in all four income categories which prove that energy consumption result in economic growth but after all every country must follow and adopt the conservative energy policy
- 11. Neri and Nobili (2010) This article discusses that how modifications within the central funds amend through the US Federal Reserve influence the Europe’s financial system. It was discovered that a raise in the central fund cause the euro to right away decreased in value although in exacting oil; prices turn down penetratingly which reflect the turn down in demand. Lower commodities price encourages household utilization in the period of rigid prices. The privileged total demand encourages an expansion of Europe economic activity.
- 12. Rosson, Marietto amd Silva (2011) This thesis scrutinizes the macroeconomic recoil outcome for the worldwide economy occurring from power competence policies. The writing differentiates three kinds of ricochet consequence from power competence developments: straight, not direct and financial system broad
- 13. Method of data collection Sampling technique Sample size Statistical Technique Research Model developed
- 14. Information gather from the secondary source. It was collected from the record of World Bank. Variables of our study are: “GDP DEFLATOR OF MULTIPLE COUNTRIES” Get together the data of different countries for the period of 30 years.
- 15. The sampling was done randomly, some developed and some devolving countries are being selected.
- 16. Sample of 450 observations from the 15 developed and developing nations. these include: AUSTRIA CANADA GERMANY INDIA ISRAEL ITALY CHINA SRILANKA PAKISTAN UNITED STATES UGANDA UNITED KINGDOM VENEZUELA SOUTH AFRICA AUSTRALIA
- 17. The statistical technique which we used to check the variable is: Correlation: To check the magnitude of variables It is purely use two check relation between two variables
- 18. GDP Deflator US GDP Deflator Pakistan GDP Deflator China GDP Deflator India GDP Deflator Italy GDP Deflator Germany GDP Deflator UK GDP Deflator Austria GDP Deflator Australia GDP Deflator South Africa GDP Deflator Uganda GDP Deflator Sri Lanka GDP Deflator Venezuela GDP Deflator Canada GDP Deflator Austria This model basically tells us about the variables which we have studied in our research that is GDP deflator and its association with the countries of the world.
- 34. Hypothesis Result H1: There is an effect of Association between GDP deflator of the world Accepted
- 35. CHAPTER 5: CONCLUSION, DISCUSSIONS, IMPLICATIONS AND FUTURE RESEARCH
- 36. Confirms the significant effect of the level of prices of all the goods and services, domestically produced around the globe The significance varies from country to country which may be due to the macroeconomic factors of each country. Standard GDP Deflator may perhaps root out errors in its calculation for products that are heterogeneous in nature.
- 37. During the years 1982-2004, European countries were affected by the macroeconomics shocks which resulted in financial instability and hence hindering the level of prices of the domestically produced. Large economies like USA, producing oil are less likely to be exposed to oil shocks. However an undersized economy, that is not engaged oil production would not be affected by oil price shocks to large extent. Liberalization of stock market caused relaxation in the restrictions of social and economic policies reducing the financial constraints and consequently industries rapidly amplified with greater opportunities. To eliminate the effect of inflation, output indicators are deflated and one common deflator is used., the sector of heterogeneity should be calculated by means of individual sector price index for significant results.
- 38. Information regarding the growth of wealth due to which potential movements in domestic inflation could be easily predicted which would impact the GDP Deflator directly or indirectly. In terms of policy, the overall results of this study suggest that countries should adopt different approach to promote better domestic speculation environments through suitable economy management on macroeconomic and price stability. The user cost of capital uncertainty should be controlled while oil reliance, reduce the exposure to oil price shocks and the expenditure associated with macroeconomic instability. The oil imports work as natural shock absorber creating linkage between the imports and exporters. Furthermore it has been noticed that the significance varies due to a country being developed or non-developed. GDP deflator is a measure of domestically produced, but multinationals involve in setting up production plants globally in order to cut down on the expenses.
- 39. Selecting countries in each continent or within a certain continent Consider multiple factors and not only one factor The affecting macroeconomic factors could also be studied