Determinants of Inflation in India

Hussain, Ashiq; Ajmair, Muhammad

doi:10.1177/0019466220150207

Cited by 3 publications

(1 citation statement)

References 6 publications

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“…To reduce Business and Economic Research ISSN 2162-4860 2020 this economic risk, GCC countries have to diversify their economies through depending on different sectors. As a result, Saudi Arabia proposed an idea of differentiating the national income sources, this proposal called Saudi Vision 2030 (KSA Vision 2030, 2019. Finding the main determinants of inflation would help the policy makers to control inflation rates through identifying the significant positive and negative variables.…”

Section: Introductionmentioning

confidence: 99%

What Drives Inflation in Gulf Cooperation Council (GCC) Countries

Alharthi

2019

BER

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The main reason of this study is to determine the main inflation determinants in Gulf Cooperation Council (GCC) countries over the period 1996-2016. The GCC area is exposing many economic challenges and risks like higher prices of basic products and services. Moreover, GCC countries impose value added tax in 2018 that increased the prices significantly. To reduce the prices rates, GCC governments decided to support the local manufacturing rather than depending on imports. However, controlling the inflation rates is showing the efficiency of economic administration for any country. In this study, the data was gathered through the United Nations Conference on Trade and Development (UNCTAD) International Monetary Fund (IMF) and World Bank (WB) databases. Statistically, the data were analysed by generalized method of moments (GMM) and generalized least square (GLS). The main results of this study show that the foreign direct investment (FDI) is one of main determinants that has an inverse and significant influence on inflation. Moreover, the corruption impacted the inflation positively and significantly. Finally, the oil prices are controlling the inflation as higher oil prices increase the inflation rates significantly.

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Section: Introductionmentioning

confidence: 99%

What Drives Inflation in Gulf Cooperation Council (GCC) Countries

Alharthi

2019

BER

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An Econometric Approach Towards Exploring the Impact of Workers Remittances on Inflation: Empirical Evidence from India

Jain

Mathur

2022

Springer Proceedings in Business and Economics

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The Influence of Long-term and Short-term Variables on the Oil Prices, Money Supply, Policy Rates, Output Gaps, Rupiah Exchange Rate and Gross Fixed Capital Formation on Inflation in Indonesia

Wahyudi

2024

Wseas Transactions on Business and Economics

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This study examines the influence of long-term and short-term variables on oil prices, money supply, policy rates, gross fixed capital formation (PMTB), rupiah exchange rate against the dollar, and output gaps on inflation in Indonesia. Indonesia is one of the countries with the highest population in the world as well as one of the countries with the most significant oil wealth in the world. However, Indonesia is still classified as a developing country. One of the indicators in a country’s economy is the inflation rate. This study used secondary data from 2006:Q1-2018:Q4 with the Error Correction Model (ECM) analysis method. The result of this study is that the variable oil prices and money supply in the short and long term have a positive and significant effect on Indonesia’s inflation. In the short and long term, variable policy rates negatively and significantly impact Indonesia’s inflation. Gross fixed capital formation and the output gap in the long and short term have an insignificant positive impact on Indonesia’s inflation.

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Determinants of Inflation in India

Cited by 3 publications

References 6 publications

What Drives Inflation in Gulf Cooperation Council (GCC) Countries

What Drives Inflation in Gulf Cooperation Council (GCC) Countries

An Econometric Approach Towards Exploring the Impact of Workers Remittances on Inflation: Empirical Evidence from India

The Influence of Long-term and Short-term Variables on the Oil Prices, Money Supply, Policy Rates, Output Gaps, Rupiah Exchange Rate and Gross Fixed Capital Formation on Inflation in Indonesia

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