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Discover LudwigExact(10)
Hayek asserted that in a world of constant change in which every change of price causes market participants to change their demand and supply, which lead to other adjustments, ad infinitum no constructed system can match the ability of the market process to adjust continually to the changes.
Considering BECO's 1st period, the results show that a shock from oil price causes no fluctuation in stock returns.
The results1 show that semolina price causes pasta price while pasta price does not affect semolina price.
On one hand, the volatility of oil price causes more flexibility value for the deepwater projects which demand a longer duration for exploration.
The variance decomposition results show that in the 5th period, the oil price causes a 0.019414% variation in oil and gas stock returns.
Specifically, periods 1 and 2 for BECO indicate that a shock to the oil price causes positive standard deviation values of 0.0018 and 0.0011 in stock returns.
Similar(49)
Its five-figure price caused insurers to balk.
"It also removes an overhang on the share price caused by uncertainty about the investigations".
Meanwhile, their wild fluctuations in price cause instability accentuated by an out-of-control global financial system.
Often, such suits are filed after a sharp drop in a company's share price, causing losses to investors.
The fluctuations in the oil price caused by political turmoil in the Middle East are hard enough to bear.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com