Is inflation in developing countries driven by low productivity or monetary growth?
Andrew Ojede ()
Economics Letters, 2015, vol. 133, issue C, 96-99
This paper investigates whether inflation in developing countries is driven by retrogression in productivity or by monetary expansion. Our empirical methodology relies on growth accounting, non-parametric and generalized method of moment techniques. Results indicate that inflation is primarily driven by monetary growth.
Keywords: Inflation dynamics; Productivity growth; Monetary Expansion (search for similar items in EconPapers)
JEL-codes: E31 E52 O40 (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:133:y:2015:i:c:p:96-99
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