Abstract
This study aimed at identifing the most important determinants and economic factors affecting inflation rates in the Palestine during the period (2000-2014), in order to help in reducing its effects on the Palestinian economy. The descriptive and analytical approach was used, by selecting a set of variables that were expected to have an impact on the inflation rates in the Palestinian economy, as these factors were such as economic growth rate, interest rate, exchange rate, unemployment rate, money supply, wages, inflation rate in Israel, and the global inflation rate. Two statistical models were developed for West Bank and Gaza Strip separately, based on quarter time series data for determinants of inflation in the Palestinian economy for the period from 2000-2014. The results showed the significatnt impact of: (the exchange rate, the Israeli inflation rate, the economic growth rate) on the inflation rate in the West Bank. In addition, it showed the significant effect of: (global inflation rate, unemployment rate, the economic growth rate) on the inflation rate in Gaza Strip. The other variables: credit facility, wage rate and interest rate were statistically insignificant. In light of this, the study recommended the necessity of issuing a national currency to reduce the losses of the Palestinian economy due to the absence of the national currency, as well as the pressure of imports and trying to find local alternatives by supporting the national product, as well as the need to review trade and economic policies between the Palestinian Authority and Israel to serve the development of the Palestinian economy.
Publisher
EuroMid Academy of Business and Technology
Subject
Industrial and Manufacturing Engineering,Metals and Alloys,Strategy and Management,Mechanical Engineering
Reference42 articles.
1. Abdelkader, Al Said Metwally. (2007). Derivation of the Error Correction Model from The Johansen Isometric Test. A Theoretical Framework and an Applied Example Using Eviews5. Higher Institute of Computers, Management Information Systems and Management Sciences, Egypt. (in Arabic)
2. Abdul Aleem Khan et. Al. (2007). Determinants of Recent Inflation in Pakista, Social Policy and Development Center: Karach, Munich Personal RePEcArchive (MPRA), Working Paper No. 16254. (in Arabic)
3. Alareeni, B., & Branson, J. (2011). The relative performance of auditors' going-concern opinions and statistical failure prediction models in Jordan. Accountancy & Bedrijfskunde, 31 (8), 23-35
4. Alareeni, B., & Branson, J. (2013). Predicting listed companies' failure in jordan using altman models: a case study. International Journal of Business and Management, 8(1), 113-126.
5. Alareeni, Deghash. (2016). Applicability of the balanced scorecard to assess performance of al-aqsa media network institution in gaza strip. IUG Journal of Economics and Business, 24(3), 21-46
Cited by
1 articles.
订阅此论文施引文献
订阅此论文施引文献,注册后可以免费订阅5篇论文的施引文献,订阅后可以查看论文全部施引文献