Economic research

    SELECT ANY THREE COUNTRIES FROM GCC AND ANSWER THE FOLLOWING QUESTIONS: Question 1: (10% of total marks) a. Specifically with respect to your selected countries, explain" rel="nofollow">in the role of oil prices, exchange rate, in" rel="nofollow">inflation, in" rel="nofollow">industrial production and in" rel="nofollow">interest rate in" rel="nofollow">in economic growth and development of a country. b. Usin" rel="nofollow">ing time series data from 2005 till 2017 for oil prices, exchange rate, in" rel="nofollow">inflation, in" rel="nofollow">industrial production, in" rel="nofollow">interest rate and GDP; answer the followin" rel="nofollow">ing questions: i. Investigate the impact of oil prices, exchange rate, in" rel="nofollow">inflation, in" rel="nofollow">industrial production and in" rel="nofollow">interest rate on GDP of the selected countries. ii. Sin" rel="nofollow">ince oil is one of major factor in" rel="nofollow">in GCC, therefore examin" rel="nofollow">ine its impact on in" rel="nofollow">industrial production of the selected countries. c. Based on your results in" rel="nofollow">in part (b) above, discuss and justify the empirical fin" rel="nofollow">indin" rel="nofollow">ings. In your discussion, in" rel="nofollow">include relevant literature focusin" rel="nofollow">ing on the same variables and relate them to your fin" rel="nofollow">indin" rel="nofollow">ings. Also rationalize your fin" rel="nofollow">indin" rel="nofollow">ings with respect to the countries under study. d. Based on your analysis in" rel="nofollow">in part (c ) above, identify the major economic issues related to each country, draw conclusion and provide recommendations to further enhance the economic growth and development of the selected countries.