Scopus
🔓 Açık Erişim YÖKSİS DOI Eşleşti
SJR Q3
What Drives Inflation in High-inflation Countries? Evidence from Haiti, Sudan, Türkiye and Zambia
Politicka Ekonomie · Ocak 2023
YÖKSİS Kayıtları
What Drives Inflation in High-inflation Countries? Evidence from Haiti, Sudan, Türkiye and Zambia
Politická Ekonomie · 2023 SSCI
Prof. Dr. MEHMET MUCUK →
Makale Bilgileri
Dergi
Politicka Ekonomie
ISSN00323233
Yayın TarihiOcak 2023
Cilt / Sayfa71 · 238-266
Scopus ID2-s2.0-85164011525
Erişim🔓 Açık Erişim
Özet
The main purpose of this paper is to investigate the long-term effects of money supply, economic growth, interest rate, exchange rate, domestic credits and the oil price on inflation in Haiti, Sudan, Türkiye and Zambia, which are among the world's highest-inflation countries according to 2021 data. For this purpose, a panel cointegration approach is applied where fully modified ordinary least squares (FMOLS) and dynamic ordinary least squares (DOLS) techniques are employed to explore the long-term effects with the help of annual data for the period 2000-2019. Also, the Dumitrescu and Hurlin panel causality test is used to determine whether there is a causality from these variables to inflation. The empirical findings show that there is a long-term relationship among these variables for the whole panel. The consequences from the FMOLS and DOLS estimates show that (i) money supply has a positive effect on inflation, (ii) economic growth affects inflation positively, (iii) an increase in the exchange rate causes inflation to rise, (iv) the oil price affects inflation positively, (v) interest rate affects inflation negatively, and (vi) domestic credits have a negative effect on inflation. In this context, we find that the exchange rate is the variable that has the greatest effect on inflation. Moreover, the findings of the panel causality test suggest that there is a causal relationship from money supply, economic growth, exchange rate and the oil price to inflation.
Yazarlar (2)
1
Mehmet Mucuk
ORCID: 0000-0002-4341-5236
2
Sümeyra Evren
Anahtar Kelimeler
domestic credits
economic growth
exchange rate
Inflation
interest rate
money supply
oil price
Kurumlar
Selçuk Üniversitesi
Selçuklu Turkey
Scimago Dergi (ISSN Eşleşmesi)
Politicka Ekonomie
Q3
SJR Skoru0,292
H-Index18
YayıncıPrague University of Economics and Business
ÜlkeCzech Republic
Economics and Econometrics (Q3)
Sociology and Political Science (Q3)
Metrikler
2
Atıf
2
Yazar
7
Anahtar Kelime