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An Econometric Explanation of Inflation in Sub-Saharan Africa

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  • Odedokun, M O

Abstract

This study tries to identify causes of inflation in Sub-Saharan Africa by employing econometrics to analyse annual panel data for 35 countries from 1971-90. The findings suggest that monetary growth, the rate of domestic currency depreciation, and the expectation of inflation have positive effects on inflation, while expansion of per capita food production as well as overall economic growth serve to reduce inflation rates. We are unable to detect positive effects of fiscal deficit variables, foreign inflation rates, or the growth of import prices on the domestic inflation rates. Copyright 1995 by Oxford University Press.

Suggested Citation

  • Odedokun, M O, 1995. "An Econometric Explanation of Inflation in Sub-Saharan Africa," Journal of African Economies, Centre for the Study of African Economies, vol. 4(3), pages 436-451, December.
    • Handle: RePEc:oup:jafrec:v:4:y:1995:i:3:p:436-51
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    Cited by:

    1. Adugna Lemi & Sisay Asefa, 2009. "Differential Impacts of Economic Volatility and Governance on Manufacturing and Non-Manufacturing Foreign Direct Investments: The Case of US Multinationals in Africa," Eastern Economic Journal, Palgrave Macmillan;Eastern Economic Association, vol. 35(3), pages 367-395.
    2. Â Keoudone KEOTHEPHAR & Ananthala Nakhiengchanh & Thonemy Keokinnaly & Chanhthasouk Lathsaath, 2024. "Dynamic Relationship Between External Debt, Inflation, and Exchange Rate in Lao PDR," International Journal of Science and Business, IJSAB International, vol. 33(1), pages 123-138.

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