Department of Economics

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https://escholar.umt.edu.pk/handle/123456789/232

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Browsing Department of Economics by Author "Ibrahim Sulaiman"

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    Can stock market development put chains on inflation? A panel cointegration analysis on saarc countries
    (2015) Ibrahim Sulaiman; Noman Arshed
    This study investigates the impact of stock market development on inflation in SAARC countries using panel data approach. The estimated results of Panel OLS, FEM model and REM model have revealed that OLS model is not applicable and we have use panel cointegation to find out unbiased and normally distributed coefficient estimates like Kao Residual Cointegration, Long run estimates FMOLS and short run estimates OLS to find out how stock market development influence inflation. The results of long run estimates FMOLS suggest that market capitalization is decreasing inflation by -0.152%, total value of stock traded is increasing inflation by 0.164% and turnover ratio is decreasing inflation by -0.191% in the long run. Thus, the results suggest that stock market development can help put chains on inflation in SAARC countries by introducing more firms to increase size and volume of share transaction, as they will load to rise in production.
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    Stock market development, can it help reduce inflation in saarc countries?
    (Journal of Accounting, Finance and Economics, 2016) Ibrahim Sulaiman; Noman Arshed; Muhammad Shahid Hassan
    This study is designed to evaluate the impact of stock market development on general price level in five SAARC countries. The estimated results of Panel OLS, Fixed Effect model and Random Effect model has revealed that OLS model is not applicable thus, we have to use panel cointegration to find out the unbiased and normally distributed coefficient estimates to find out how the stock market development influences inflation. The results of long run estimates Fully Modified OLS suggests that in the long run, market capitalization is decreasing inflation, total value of stock traded is increasing inflation and turnover ratio is decreasing inflation in the long run. Thus, the results of our two proxies suggest that stock market development can help put chains on inflation in SAARC countries by introducing more firms to increase size and volume of share transaction, as they will load to rise in production.