Inflation Volatility and Economic Development: Evidence from Nigeria

Fielding, David

Inflation Volatility and Economic Development: Evidence from Nigeria

Fielding, David

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

Date: 2008

Publisher: Department of Economics, University of Otago

Pages: 25

Series: Economics Discussion Papers Series

Series number: 807

Keywords: Inflation; Volatility; Uncertainty; Nigeria

Research Type: Discussion Paper

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.

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