Derleme

The Determinants of Inflation in Emerging Markets and Developing Countries: A Literature Review

Cilt: 21 Sayı: 2 29 Haziran 2021
  • Dila Asfuroğlu
PDF İndir

The Determinants of Inflation in Emerging Markets and Developing Countries: A Literature Review

Öz

A vast literature exists on the determinants of inflation in developed countries whereas the one in emerging markets and developing countries has gained attention at the beginning of 1990s. In this respect, the current paper overviews the empirical studies in order to provide underlying knowledge and common facts on this topic that are valuable for further research and policymakers. The patterns emerge from the results of the existing literature can be summarized as follows. First, inflation is mainly a monetary phenomenon either due to direct or indirect drivers in these countries. However, the significance of the effects from the monetary aggregates are dependent on the countries and periods under study. Secondly, inflation persistence is a major determinant in explaining inflation, suggesting a backward-looking behavior in inflation dynamics for these countries. Lastly, the importance of domestic determinants in understanding inflation has shifted towards external ones implying a greater role for global determinants in the last two decades.

Anahtar Kelimeler

Kaynakça

  1. Adu, G. and Marbuah, G. (2011). Determinants of inflation in Ghana: An empirical investigation. South African Journal of Economics, 79(3), 251-269. doi: 10.1111/j.1813-6982.2011.01273.x
  2. African Development Bank. (2011). Retrieved from: https://www.afdb.org/en/documents/document/economic-brief-inflation-dynamics-in-selected-east-african-countries-ethiopia-kenya-tanzania-and-uganda-26187
  3. Age ́nor, P.R. and Bayraktar, N. (2010). Contracting models of the Phillips curve empirical estimates for middle-income countries. Journal of Macroeconomics, 32(2), 555-570. doi: 10.1016/j.jmacro.2009.09.002
  4. Alam, Q. and Alam, S. (2016). The Determinants of Inflation in India: The Bounds Test Analysis. International Journal of Economics and Financial Issues, 6(2), 544-550. Retrieved from: https://www.econjournals.com/index.php/ijefi/article/view/2019
  5. Alkoum, A.O.A. and Agil, S.O.S (2013). A study of the factors ınfluencing ınflationary pressure in the Libyan economy. Journal of Economics and Finance, 1(6), 35-43. Retrieved from: http://www.iosrjournals.org/iosr-jef/papers/vol1-issue6/G0163543.pdf?id=7861
  6. Antczak, R. (2003). Monetary expansion and its influence on inflation performance in Transition Economies. In M. Dabrowski (Eds.). Disinflation in Transition Economies (pp.37-54), Central European University Press, Budapest. Retrieved from: https://case-research.eu/en/disinflation-in-transition-economies
  7. Baldini, A. and Poplawski-Ribeiro, M. (2011). Fiscal and monetary determinants of inflation in low-income countries: Theory and evidence from Sub-Saharan Africa. Journal of African Economies, 20(3), 419-462. doi: 10.1093/jae/ejr002
  8. Bailliu, J., Garces, D., Kruger, M. and Messmacher, M. (2003). Explaining and forecasting inflation in emerging markets: The case of Mexico. Bank of Canada Working Paper, 2003-17. Retrieved from: https://www.bankofcanada.ca/wp-content/uploads/2010/02/wp03-17.pdf

Ayrıntılar

Birincil Dil

Türkçe

Konular

-

Bölüm

Derleme

Yazarlar

Dila Asfuroğlu Bu kişi benim
Türkiye

Yayımlanma Tarihi

29 Haziran 2021

Gönderilme Tarihi

23 Şubat 2021

Kabul Tarihi

24 Mayıs 2021

Yayımlandığı Sayı

Yıl 2021 Cilt: 21 Sayı: 2

Kaynak Göster

APA
Asfuroğlu, D. (2021). The Determinants of Inflation in Emerging Markets and Developing Countries: A Literature Review. Anadolu Üniversitesi Sosyal Bilimler Dergisi, 21(2), 483-504. https://doi.org/10.18037/ausbd.959251
AMA
1.Asfuroğlu D. The Determinants of Inflation in Emerging Markets and Developing Countries: A Literature Review. AÜSBD. 2021;21(2):483-504. doi:10.18037/ausbd.959251
Chicago
Asfuroğlu, Dila. 2021. “The Determinants of Inflation in Emerging Markets and Developing Countries: A Literature Review”. Anadolu Üniversitesi Sosyal Bilimler Dergisi 21 (2): 483-504. https://doi.org/10.18037/ausbd.959251.
EndNote
Asfuroğlu D (01 Haziran 2021) The Determinants of Inflation in Emerging Markets and Developing Countries: A Literature Review. Anadolu Üniversitesi Sosyal Bilimler Dergisi 21 2 483–504.
IEEE
[1]D. Asfuroğlu, “The Determinants of Inflation in Emerging Markets and Developing Countries: A Literature Review”, AÜSBD, c. 21, sy 2, ss. 483–504, Haz. 2021, doi: 10.18037/ausbd.959251.
ISNAD
Asfuroğlu, Dila. “The Determinants of Inflation in Emerging Markets and Developing Countries: A Literature Review”. Anadolu Üniversitesi Sosyal Bilimler Dergisi 21/2 (01 Haziran 2021): 483-504. https://doi.org/10.18037/ausbd.959251.
JAMA
1.Asfuroğlu D. The Determinants of Inflation in Emerging Markets and Developing Countries: A Literature Review. AÜSBD. 2021;21:483–504.
MLA
Asfuroğlu, Dila. “The Determinants of Inflation in Emerging Markets and Developing Countries: A Literature Review”. Anadolu Üniversitesi Sosyal Bilimler Dergisi, c. 21, sy 2, Haziran 2021, ss. 483-04, doi:10.18037/ausbd.959251.
Vancouver
1.Dila Asfuroğlu. The Determinants of Inflation in Emerging Markets and Developing Countries: A Literature Review. AÜSBD. 01 Haziran 2021;21(2):483-504. doi:10.18037/ausbd.959251

Cited By