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Is inflation in developing countries driven by low productivity or monetary growth?

Andrew Ojede ()

Economics Letters, 2015, vol. 133, issue C, 96-99

Abstract: 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)
Date: 2015
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DOI: 10.1016/j.econlet.2015.05.028

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