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Periodical article Periodical article Leiden University catalogue Leiden University catalogue WorldCat catalogue WorldCat
Title:An Econometric Explanation of Inflation in Sub-Saharan Africa
Author:Odedokun, M.O.ISNI
Year:1995
Periodical:Journal of African Economies
Volume:4
Issue:3
Period:December
Pages:436-451
Language:English
Geographic term:Subsaharan Africa
Subjects:econometrics
inflation
Economics and Trade
External link:https://jae.oxfordjournals.org/content/4/3/436.full.pdf
Abstract:This study examines causes of inflation in sub-Saharan Africa by employing econometrics to analyse annual panel data for 35 countries from 1971 to 1990. First, the methodology adopted is described. Specifically, the two types of inflation indicators analysed are the growth of consumer prices and the growth of the GDP implicit factor. Next, the empirical results are presented. The findings suggest that monetary growth, the rate of domestic currency depreciation, and the expectation of inflation have positive effects on inflation, while expansion of per capita food production as well as overall economic growth serve to reduce inflation rates. Positive effects of fiscal deficit variables, foreign inflation rates, or the growth of import prices on the domestic inflation rates were not detected. Bibliogr., notes, sum.
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