An econometrics analysis of the determinants of inflation in Namibia
- Author David Ackah
- Co-Author Obiri-Yeboah Hanson, Makafui R. Agboyi
- DOI
- Country : West Africa
- Subject : Economics
Keywords : Econometrics Analysis, Determinants of Inflation, Financial Analysis
Abstract
This paper employ various econometric techniques to analyze the determinants of inflation in Namibia, focusing particularly on the relationships that exist between the Namibian price, as the dependant variable, and the real Gross Domestics Product, Broad money supply, interest rate, and South African Price index as well as the United States price index, being the explanatory variables and probable determinants of inflation rate in Namibia.. Inflation equations that were estimated used quarterly data from 1993 to 2003 for Namibia, South Africa and United States, and it was found that in the short run, domestic prices are influenced by the level of economic growth and foreign prices, in particular South Africa. This conclusion is broadly in line with results from Goamab (1996) and Odada etal (2000).
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