Determinants and economic effects of inflation in CEMAC
DOI:
https://doi.org/10.59051/joaf.v12i1.427Keywords:
Determinants; Inflation; Economic growth, CEMAC.Abstract
Objective: The objective of this paper is to determine the sources and economic effects of inflation in the CEMAC.
Methodology: The data analyzed come from the World Bank (World Development Indicator, 2017). The study covers the periods 1977-1994, 1995-2016 and 1977-2016. Two equations (an inflation equation and a growth equation) are estimated by the Generalized Moments Method (GMM) of Arellano and Bond (1991).
Results: The results obtained show that inflation does not promote economic activity and comes mainly from trade with the outside world.
Originality/relevance: This study analyzes inflation from two aspects (the determinants and the economic effects). It highlights the phenomenon of imported inflation, the control of which would improve the economic situation of the CEMAC countries. In addition, the study identifies the clauses of the African Continental Free Trade Area, which entered into force in 2021, as a factor that could constitute, among other things, a palliative solution to reducing said inflation.
Downloads
References
Downloads
Published
Issue
Section
License
Copyright (c) 2021 patrick geoffroy NKWENKA NYANDA
This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.
Authors who publish with this journal agree to the following terms:
- Authors retain copyright and grant the journal the right of first publication.
- The work is simultaneously licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License (CC BY-NC-ND 4.0). This license permits others to download, share, and reuse the work for non-commercial purposes, provided the original authors and source are properly cited.
- Under the terms of this license, no derivative works or alterations (such as translations, adaptations, or remixes) are permitted without explicit permission from the copyright holder.
- Authors are permitted and encouraged to post their work online (e.g., in institutional repositories or on their personal website) after publication, as it can lead to productive exchanges, as well as earlier and greater citation of published work.
