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Autor
Yaya O. S. (University of Ibadan, Nigeria), Akintande O. J. (University of Ibadan, Nigeria), Ogbonna A. E. (University of Ibadan, Nigeria), Adegoke H. M. (University of Ibadan, Nigeria)
Tytuł
CPI Inflation in Africa: Fractional Persistence, Mean Reversion and Nonlinearity
Źródło
Statistics in Transition, 2019, vol. 20, nr 3, s. 119-132, rys., tab., bibliogr. s. 129-132
Słowa kluczowe
Indeks cen konsumpcyjnych, Inflacyjny ruch cen, Stopa inflacji
Consumer price index (CPI), Inflationary price movements, Inflation rates
Uwagi
summ.
Kraj/Region
Afryka
Africa
Abstrakt
Price stability has been one of the key mandates that apex monetary authorities strive to achieve globally. While most developed economies have achieved single digit inflation rates, most developing economies, especially African countries still experience alarming double-digit inflation rates. This paper therefore examined the dynamics of inflation in sixteen African countries. We employed the fractional persistence framework with linear trend and non-linear specifications based on Chebyshev's polynomial in time. The results indicated nonlinear time trend in inflation for most of the countries. With the exception of Burkina Faso, which exhibited plausibility of naturally reverting to its mean level, the majority of the selected African countries would require stronger interventions to revert their observed inflationary levels to their mean levels. (original abstract)
Dostępne w
Biblioteka Główna Uniwersytetu Ekonomicznego w Krakowie
Biblioteka SGH im. Profesora Andrzeja Grodka
Biblioteka Główna Uniwersytetu Ekonomicznego w Katowicach
Pełny tekst
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Bibliografia
Pokaż
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Cytowane przez
Pokaż
ISSN
1234-7655
Język
eng
URI / DOI
http://dx.doi.org/10.21307/stattrans-2019-027
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