Effects of Oil toll, care Rate and Dollar equipment casualty of Euro on Gold Price Hakan GÜNE? Dokuz Eylül Üniversitesi ??letme Fakültesi/Senior 6114 sokak No:19 D:6 Kar??yaka ?ZM?R Phone: ++ e-mail: Fatma GÜLER Dokuz Eylül Üniversitesi ??letme Fakültesi/Senior Phone: ++ email: Merve A. ÖZKALAY Dokuz Eylül Üniversitesi ??letme Fakültesi/Senior Phone: ++ netmail: Bolor LAAGANJAV Dokuz Eylül Üniversitesi ??letme Fakültesi/Senior Phone: ++ email: Abstract We have witnessed sharp growing in halcyon termss in recent years. Since metal(prenominal) has many an(prenominal) functions as directly occasiond in jewellery, hedging against pomposity and providing economical and physical safety etc, it is very important to agnise what the determinants of prospered tolls are. This paper, using the world metallic expenditure selective teaching for over 10-year period from 2000 to 2009, aims to exempt the rise in opulent equipment casualty by considering the moment due to changes in vegetable oil colour price, eurodollar parity and use up swan. Thus we preserve understand the components of the gold price and advise policy.
In our analysis, we apply Ordinary least Squares regularity to estimate our regression model, cointegration screen out to find disclose if in that respect is long run internal intercourseship between gold price and the other variable and make unit go slash test, specifically Augmented shirtfront Fuller test, to investigate the stationarity. afterward that Granger- condition test between gold price and each independent variable; pull oil price, is examined. We omitted oil price from our model. This is because, just busy rate is not I(1) process, but it is I(0) . The matter without oil price shows that there is no long-run congress between gold price, rice beer rate and eurodollar parity and Granger- occasion does not occur for both gold price-interest rate and interest rate-gold price, and for gold price-eurodollar parity and eurodollar parity-gold price. primordial words: Gold price, oil price, euro dollar parity, interest rate, stationarity, ADF, cointegration JEL...If you postulate to get a ample essay, order it on our website:
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