Inflation Volatility and Economic Development: Evidence from Nigeria
Cite this item:
Fielding, D. (2008). Inflation Volatility and Economic Development: Evidence from Nigeria (Economics Discussion Papers Series No. 807). Department of Economics, University of Otago. Retrieved from http://hdl.handle.net/10523/998
Permanent link to OUR Archive version:
http://hdl.handle.net/10523/998
Abstract:
We use monthly time-series data on the prices of 96 individual products in the 37 states of Nigeria to analyze the factors that drive inflation volatility. Among the significant determinants of volatility are average inflation rates, transport and communication infrastructure, consumer access to credit markets and urbanization. However, there is substantial heterogeneity across products in the relative importance of these factors.
Date:
2008
Publisher:
Department of Economics, University of Otago
Pages:
25
Series number:
807
Keywords:
Inflation; Volatility; Uncertainty; Nigeria
Research Type:
Discussion Paper
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- Economics [295]
- Discussion Paper [424]