This study aims to examine sources of inflation for 44 developing countries using GMM dynamic panel data estimation over the period 2000-2009. According to the results, inflation inertia, excess money supply, current account deficit, increases in level of trade openness and nominal exchange rate lead inflation to accelerate. However, economic growth seems to contribute to decreases in inflation rates. Being one of the main income sources in developing countries, workers remittance doesn’t seem to create a channel for inflationary pressure.
Alan : Sosyal, Beşeri ve İdari Bilimler
Dergi Türü : Ulusal
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