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THE RELATIONSHIP BETWEEN INFLATION, EXCHANGE RATE, AND STOCK PRICES TOWARD GDP IN CHINA

The general objective of this study is to investigate the relationship between inflation, stock price, and exchange rate towards GDP China. In this study, the annual data of time series had been used from year 1990 until year 2020. The variables that had been used in this study is gross domestic pro...

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Main Author: Phiong, Shi Ying
Format: Final Year Project Report
Language:English
Published: Universiti Malaysia Sarawak, (UNIMAS) 2022
Subjects:
HB Economic Theory
HG Finance
Online Access:http://ir.unimas.my/id/eprint/39859/3/Phiong%20Shi%20Ying%20%28fulltext%29.pdf
http://ir.unimas.my/id/eprint/39859/
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spelling my.unimas.ir.398592024-02-22T01:23:52Z http://ir.unimas.my/id/eprint/39859/ THE RELATIONSHIP BETWEEN INFLATION, EXCHANGE RATE, AND STOCK PRICES TOWARD GDP IN CHINA Phiong, Shi Ying HB Economic Theory HG Finance The general objective of this study is to investigate the relationship between inflation, stock price, and exchange rate towards GDP China. In this study, the annual data of time series had been used from year 1990 until year 2020. The variables that had been used in this study is gross domestic products growth (GDPG), inflation, stock price, and exchange rate. The test that had been used in this study to get the result is consists with Unit root test, Johansen-Juselius (JJ) test and Granger causality test. Before applying these methods, a unit root test consisting of Augmented Dickey Fuller (ADF) and Philip-Perron test (PP) was used to test whether the variables were stationary or not. The result shows that all the variables are non-stationary at level and become stationary at first difference in ADF and PP test, so that can continue proceed with other test. All the variables are significant in this study. This study had found a co-integration test by using the JJ test to determine the cointegration vectors. This method has been achieved the specific objective of this study by having co-integration vector to determine the relationship between the independent variables and dependent variables. This study also found that there are three unidirectional causalities with from INF to GDPG, from ER to GDPG and from ER to INF in the long run relationship. Last, the variables that had fulfilled all the rules of ECT is exchange rate. Universiti Malaysia Sarawak, (UNIMAS) 2022 Final Year Project Report NonPeerReviewed text en http://ir.unimas.my/id/eprint/39859/3/Phiong%20Shi%20Ying%20%28fulltext%29.pdf Phiong, Shi Ying (2022) THE RELATIONSHIP BETWEEN INFLATION, EXCHANGE RATE, AND STOCK PRICES TOWARD GDP IN CHINA. [Final Year Project Report] (Unpublished)
institution Universiti Malaysia Sarawak
building Centre for Academic Information Services (CAIS)
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Malaysia Sarawak
content_source UNIMAS Institutional Repository
url_provider http://ir.unimas.my/
language English
topic HB Economic Theory
HG Finance
spellingShingle HB Economic Theory
HG Finance
Phiong, Shi Ying
THE RELATIONSHIP BETWEEN INFLATION, EXCHANGE RATE, AND STOCK PRICES TOWARD GDP IN CHINA
description The general objective of this study is to investigate the relationship between inflation, stock price, and exchange rate towards GDP China. In this study, the annual data of time series had been used from year 1990 until year 2020. The variables that had been used in this study is gross domestic products growth (GDPG), inflation, stock price, and exchange rate. The test that had been used in this study to get the result is consists with Unit root test, Johansen-Juselius (JJ) test and Granger causality test. Before applying these methods, a unit root test consisting of Augmented Dickey Fuller (ADF) and Philip-Perron test (PP) was used to test whether the variables were stationary or not. The result shows that all the variables are non-stationary at level and become stationary at first difference in ADF and PP test, so that can continue proceed with other test. All the variables are significant in this study. This study had found a co-integration test by using the JJ test to determine the cointegration vectors. This method has been achieved the specific objective of this study by having co-integration vector to determine the relationship between the independent variables and dependent variables. This study also found that there are three unidirectional causalities with from INF to GDPG, from ER to GDPG and from ER to INF in the long run relationship. Last, the variables that had fulfilled all the rules of ECT is exchange rate.
format Final Year Project Report
author Phiong, Shi Ying
author_facet Phiong, Shi Ying
author_sort Phiong, Shi Ying
title THE RELATIONSHIP BETWEEN INFLATION, EXCHANGE RATE, AND STOCK PRICES TOWARD GDP IN CHINA
title_short THE RELATIONSHIP BETWEEN INFLATION, EXCHANGE RATE, AND STOCK PRICES TOWARD GDP IN CHINA
title_full THE RELATIONSHIP BETWEEN INFLATION, EXCHANGE RATE, AND STOCK PRICES TOWARD GDP IN CHINA
title_fullStr THE RELATIONSHIP BETWEEN INFLATION, EXCHANGE RATE, AND STOCK PRICES TOWARD GDP IN CHINA
title_full_unstemmed THE RELATIONSHIP BETWEEN INFLATION, EXCHANGE RATE, AND STOCK PRICES TOWARD GDP IN CHINA
title_sort relationship between inflation, exchange rate, and stock prices toward gdp in china
publisher Universiti Malaysia Sarawak, (UNIMAS)
publishDate 2022
url http://ir.unimas.my/id/eprint/39859/3/Phiong%20Shi%20Ying%20%28fulltext%29.pdf
http://ir.unimas.my/id/eprint/39859/
_version_ 1792160703620055040
score 13.211869

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