Effects of Monetary Policy on Inflation in Ethiopia: Using ARDL Co-Integration Approach
Issue:
Volume 12, Issue 1, March 2023
Pages:
1-11
Received:
19 December 2022
Accepted:
23 February 2023
Published:
21 March 2023
Abstract: Although many studies on linkage between monetary policy and inflation have been done in both developing and advanced countries, Notably Ethiopia has not featured in the cross-country studies that have included some of the Sub-Saharan African countries. Similar studies in Ethiopia haven not been conducted by including all necessary variables. Therefore, the study is to empirically investigate the effects of monetary policy on inflation in the case of Ethiopia. The study covers the annual data from 1988 to 2021 using time series ARDL co-integration regression analysis. The consumer price index is used as a proxy of inflation. The empirical results suggest that money supply, the openness of trade and the real effective exchange rate exerts a positive and statistically significant effect on inflation, in the long run, and real gross domestic product and real lending rate have a negative and statistically significant effect on inflation in the long run. The estimate of the speed of adjustment coefficient found in this study indicates that about 21.4 per cent of the variation in the inflation from its equilibrium level is corrected within a year. Based on the findings of the empirical analysis, the study recommends that Spends the money to the economy should not exceed the country's production of goods and services. Government should implement major changes to ensure that more of the money in circulation is in the productive sector.
Abstract: Although many studies on linkage between monetary policy and inflation have been done in both developing and advanced countries, Notably Ethiopia has not featured in the cross-country studies that have included some of the Sub-Saharan African countries. Similar studies in Ethiopia haven not been conducted by including all necessary variables. There...
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Proposing a New Concept of Cultural Enterprises: By Reviewing Cultural Enterprises
Issue:
Volume 12, Issue 1, March 2023
Pages:
12-15
Received:
6 May 2023
Accepted:
25 June 2023
Published:
8 September 2023
Abstract: This article sorts out the literature on cultural enterprises and corporate culture, from which we can draw a deeper understanding and propose new concepts. The purpose of this article is to put forward a new concept of cultural enterprise, and to have a new understanding of cultural enterprise. And finding the relationship between corporate culture and cultural enterprise. This article also puts forward some suggestions for further research on cultural enterprises in the future. And give the suggestions for research methodology. In the next study, the researchers can use the method of interview with CEO or managers in companies. Through analysis the interview questions to get result for cultural enterprise. The significance of exploring cultural enterprises is not only to deeply understand corporate culture and help enterprises engaged in the cultural industry, but also to help enterprises in all walks of life to operate more independently through the implementation of cultural enterprise strategy, so that enterprises and individuals can fully exert their potential. It also points out new research directions for researchers. When studying cultural enterprises in the future, having more ideas and cognition, a more comprehensive view of the companies' development, is more conducive to the formulation and implementation of corporate culture and strategy.
Abstract: This article sorts out the literature on cultural enterprises and corporate culture, from which we can draw a deeper understanding and propose new concepts. The purpose of this article is to put forward a new concept of cultural enterprise, and to have a new understanding of cultural enterprise. And finding the relationship between corporate cultur...
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