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Determinants of the gold price in Vietnam

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  • , Le Thi Son
  • Chi, Trinh Thuy
  • Anh, Nguyen Thi Nguyet

Abstract

Findings – As the results, by using 5 steps which are: test for the statistical significance, test for heteroscedasticity, test for multicollinearity test the assumption of normality and test for autocorrelation, a positive relationship is found between Vietnam gold price and USD/VND exchange rate. In detail, the inflation in Vietnam and the nominal interest rate in Vietnam have no statistically significant with the gold price. In statistical significance test, the coefficient for CPI and USD/VND exchange rate are statistical significant but there exists the multicollinearity between CPI and USD/VND exchange rate. To ensure the result, CPI is chosen to remove when comparing R-squared between two regression equations.

Suggested Citation

  • , Le Thi Son & Chi, Trinh Thuy & Anh, Nguyen Thi Nguyet, 2013. "Determinants of the gold price in Vietnam," OSF Preprints 85dqp_v1, Center for Open Science.
    • Handle: RePEc:osf:osfxxx:85dqp_v1
    DOI: 10.31219/osf.io/85dqp_v1
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    References listed on IDEAS

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