Inflation Volatility and Economic Development: Evidence from Nigeria

David Fielding

No 807, Working Papers from University of Otago, Department of Economics

Abstract: We use monthly time-series data on the prices of 96 individual products in the 37 states of Nigeria to analyze the factors that drive inflation volatility. Among the significant determinants of volatility are average inflation rates, transport and communication infrastructure, consumer access to credit markets and urbanization. However, there is substantial heterogeneity across products in the relative importance of these factors.

Keywords: Inflation; Volatility; Uncertainty; Nigeria (search for similar items in EconPapers)
JEL-codes: E31 O11 (search for similar items in EconPapers)
Pages: 25 pages
Date: 2008-09, Revised 2008-09
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Citations: View citations in EconPapers (5)

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http://www.otago.ac.nz/economics/research/otago077111.pdf First version, 2008 (application/pdf)

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Persistent link: https://EconPapers.repec.org/RePEc:otg:wpaper:0807

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