UGC Approved Journal no 63975(19)

ISSN: 2349-5162 | ESTD Year : 2014
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Published in:

Volume 4 Issue 12
December-2017
eISSN: 2349-5162

UGC and ISSN approved 7.95 impact factor UGC Approved Journal no 63975

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Published Paper ID:
JETIR1712158


Registration ID:
171138

Page Number

1127-1137

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Title

THE RECIPROCAL EFFECT OF SINGAPORE'S SELECTED ECONOMIC INDICATORS BY USING COINTEGRATION TEST AND IMPULSE RESPONSE FUNCTIONS FOR PERIOD 1960-2015 (AN ECONOMETRICS STUDY)

Abstract

ABSTRACT Singapore is a center of global business attractiveness due to the compatible environment. It has been able to achieve rapid growth rates as well as its reliance on human resources development, encouraging the pattern of manufacturing, adopting modern technology and fostering scientific talents and innovations, thus enabling it to enter the field of competition with developed countries such as America, Germany, Japan and Korea. The importance of paper the Asian miracle (Singapore) is a successful development experience it can be modeled for underdevelopment countries to keep out gap of economic backwardness for Third World countries, because its achieved good growth rates in a short run. The problem of paper focused on The decline in international oil prices, which caused the problems of the Singapore economy as a decrease in growth rates after having been rising continuously for the previous period, due to the part of exports depends on the export of equipment and machinery for the extraction of oil industry, which led to a shock following the shock above, As well as the exit of Britain from the European Union lead to the decline of business activities and create a state of uncertainty in the global financial markets, while the hypothesis of paper that "there is a positive relationship and the long term between GDP and foreign trade variable", and the other side paper aims to analyze the economic indicators studied by using the quantitative method to understand the relationship between the variables selected through the unit root, the co-integration test, the VAR model and Impulse response functions of the time series studied, and showed the results of the econometrics analysis co-integration relationship in the 1st difference for all across long run that the one side, And others the results shows the foreign trade variable did not respond to the GDP variable, and thus rejected the research hypothesis, which states that there is a relationship between GDP and foreign trade, while the results shows a response to the local capital variable for GDP up to the seventh and long run periods, that it indicates the development and increasing dependence at local investment in order to achieve long run economic benefits, and keep the GDP of Singapore.

Key Words

Successful development experience, Econometrics, Co-integration test.

Cite This Article

"THE RECIPROCAL EFFECT OF SINGAPORE'S SELECTED ECONOMIC INDICATORS BY USING COINTEGRATION TEST AND IMPULSE RESPONSE FUNCTIONS FOR PERIOD 1960-2015 (AN ECONOMETRICS STUDY)", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.4, Issue 12, page no.1127-1137, December-2017, Available :http://www.jetir.org/papers/JETIR1712158.pdf

ISSN


2349-5162 | Impact Factor 7.95 Calculate by Google Scholar

An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 7.95 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator

Cite This Article

"THE RECIPROCAL EFFECT OF SINGAPORE'S SELECTED ECONOMIC INDICATORS BY USING COINTEGRATION TEST AND IMPULSE RESPONSE FUNCTIONS FOR PERIOD 1960-2015 (AN ECONOMETRICS STUDY)", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.4, Issue 12, page no. pp1127-1137, December-2017, Available at : http://www.jetir.org/papers/JETIR1712158.pdf

Publication Details

Published Paper ID: JETIR1712158
Registration ID: 171138
Published In: Volume 4 | Issue 12 | Year December-2017
DOI (Digital Object Identifier): http://doi.one/10.1717/JETIR.17157
Page No: 1127-1137
Country: kut, kut-wasit, Iraq .
Area: Other
ISSN Number: 2349-5162
Publisher: IJ Publication


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