IDEAS home Printed from https://ideas.repec.org/a/aif/journl/v5y2021i9p181-191.html
   My bibliography  Save this article

The effects of industrial production, inflow remittances, and FDI on the rate of Inflation in Liberia 2000-2020

Author

Listed:
  • Anthanasius G. Paul

    (School of Post Graduate Studies, Anhui Polytechnic University (AHPU), Anhui, China.)

Abstract

The effects of industrial production, inflow remittance, and FDI on the rate of inflation is the title of the research. The case study is Liberia and the analysis was tested through the Johansen co-integration and the correction miscalculation/ error model (ECM) was instigated. And both tools were used to establish the long-run relationship between the research variables. The testing of various research parameters presumed that there exists a long-run interaction between inflow remittances, FDI, and Inflation but realized that industrial production and inflation have a negative response to each other (an increase in production decreases inflation and vice versa). The Liberian government can prioritize the improvement in industrial production in the manufacturing sector which will reduce the rate of inflation. Furthermore, FDI and inflow remittance can be monitor and encourage foreign investors to invest which will decrease unemployment and the inflow of new technologies in all sectors. When these suggestions are followed strategically, this could decrease the rate of inflation and help citizens improve their lives.

Suggested Citation

  • Anthanasius G. Paul, 2021. "The effects of industrial production, inflow remittances, and FDI on the rate of Inflation in Liberia 2000-2020," International Journal of Science and Business, IJSAB International, vol. 5(9), pages 181-191.
  • Handle: RePEc:aif:journl:v:5:y:2021:i:9:p:181-191
    as

    Download full text from publisher

    File URL: https://ijsab.com/wp-content/uploads/814.pdf
    Download Restriction: no

    File URL: https://ijsab.com/volume-5-issue-9/4299
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Madhabendra Sinha & Darius Tirtosuharto & Partha Pratim Sengupta, 2019. "Impacts of FDI and Remittance Inflows in Developing Asia: A Comparative Dynamic Panel Study," Economic Papers, The Economic Society of Australia, vol. 38(4), pages 311-328, December.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Muntasir Murshed & Seemran Rashid, 2020. "An Empirical Investigation of Real Exchange Rate Responses to Foreign Currency Inflows: Revisiting the Dutch Disease Phenomenon in South Asia," The Economics and Finance Letters, Conscientia Beam, vol. 7(1), pages 23-46.
    2. Hemachandra Padhan & Deepak Kumar Behera & Santosh Kumar Sahu & Umakant Dash, 2023. "Does Corruption Hinderance Economic Growth Despite Surge of Remittance and Capital Inflows Since Economic Liberalization in an Emerging Economy, India," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 14(1), pages 426-449, March.
    3. Ferry Syarifuddin & Maman Setiawan, 2021. "Capital Flow Amid The Covid-19 Pandemic: Cross-Country Contagion Effect Among Asean5 And Projection Of The Impacts For The Indonesian Economy," Working Papers WP/08/2021, Bank Indonesia.
    4. Peter Nderitu GITHAIGA, 2019. "Foreign Remittances, Private Sector Investment and Banking Sector Development," Journal of Economics and Financial Analysis, Tripal Publishing House, vol. 3(2), pages 85-112.
    5. Md. Ahasan Ul Haque & Md. Golam Kibria & Md. Muhaiminul Islam Selim, 2021. "Effects of Foreign Aid and Remittances Flows on Saving and Investment in Developing South Asia: Panel Data Study," International Journal of Economics and Financial Research, Academic Research Publishing Group, vol. 7(2), pages 21-27, 06-2021.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:aif:journl:v:5:y:2021:i:9:p:181-191. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Farjana Rahman (email available below). General contact details of provider: .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.