Drivers of inflation in developing countries

Download

12625858.pdf

Date

2020-10

Author

Şengül, Zeki Oğulcan

Metadata

Show full item record

This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.

Item Usage Stats

421
views

744
downloads

This study aims to examine the drivers of inflation for selected developing countries to compare the relative roles of internal and external factors. The study covers the period from 1995 to 2019, using PVAR and VAR Models. In this study, we want to test the hypothesis that the drivers of inflation have changed after the globalization. According to our results, as the world economy globalized, the inflation dynamics changed in favor of the external drivers. The exchange rate is the common driver of inflation in developing countries in our subsample, and the country characteristics have an important effect on the relative roles of different drivers.

Subject Keywords

Exchange rate, Developing countries, VAR model, Inflation

URI

https://hdl.handle.net/11511/69267

Collections

Graduate School of Social Sciences, Thesis

Suggestions

OpenMETU
Core

Enflasyon ve İşsizlik Oranı Algısının İncelenmesi: Bir Anket Çalışması Büyükboyacı Hanay, Mürüvvet İlknur; Özdemir, Özlem; Küçükşenel, Serkan (2020-12-01) Bu çalışmada bireylerin kişilik ve demografik özelliklerinin enflasyon ve işsizlik oranı algıları üzerine etkisi incelenmektedir. Türkiye’de bu konuyla ilgili yapılmış ilk anket çalışmasının sonucunda, kişilerin enflasyon ve işsizlik oranı algılarının resmi değerden sapma miktarları, kişilerin kendilerini finansal konularda daha fazla bilgili hissetmeleri ve aldıkları iktisat dersi sayısı ile ters orantılı bulunmuştur. Literatürdeki bulgulara paralel olarak kadınların hem enflasyon hem de işsizlik oran...
Inflation across income groups: the case of Turkey Çelik, Duygu; Parmaksız, Ömer Kağan; Cömert, Hasan; Department of Economics (2020-10) This study, covering the period from 2004 to 2018, investigates the inflation differentials across income groups and the determinants of group-specific inflation in Turkey. We use the micro-data from the Household Budget Survey and consumer price data to calculate group-specific inflation rates. We find that inflation differentials across income groups vary throughout time in Turkey. Lower-income groups have higher inflation exposures in first half the period under investigation, especially between 20...
The characteristics of financial innovation in developing countries : the case of Turkey Kılıçaslan, Seda; Cömert, Hasan; Department of Science and Technology Policy Studies (2019) Financial innovations are one of the important factors affecting the development of financial markets and have attracted more attention in the literature especially after the 1980s. In the existing literature, only a few studies investigate financial innovation processes in developing countries. The main purpose of this study is to investigate the factors influencing the emergence and development processes of financial innovations in Turkey. Thus, it is aimed to fill the gap in the development process of fi...
Exchange rate pass-through to domestic prices in Turkish economy Alper, Koray; Gaygısız Lajunen, Esma; Department of Economics (2003) In this study, determinants and the evolution of the exchange rate passthrough to domestic inflation in the Turkish economy is analyzed. The analyses cover the 1987-2003 period. In the analyses, single equation أError Correction Modelsؤ are used to estimate the exchange rate pass-through. Estimation results suggest that alike other emerging countries, the degree of exchange rate passthrough to domestic prices is high and the pass-through is completed in a very short time span. Estimations results also indic...
Do R& D expenditures matter for labor productivity in OECD countries? an unresolved question Erdil, Erkan; Çorakcı, Ayşegül (2013-01-01) The aim of this study is to analyze the relationship between labor productivity and R&D expenditures. We have tested this relationship using a panel of 22 OECD countries that covers the period 1991-2003. A Cobb-Douglas production function was estimated in growth form where physical capital, knowledge capital, human capital, and labor stock were included as the factors of production. The estimation results that also controlled for the effect of openness, and R&D spillovers implied a positive long-run R&D ela...

Citation Formats

Z. O. Şengül, “Drivers of inflation in developing countries,” M.S. - Master of Science, Middle East Technical University, 2020.