Inflation and "Openness" in Less Developed Economies: A Cross-Country Analysis: Reply

Iyoha, Milton A.

doi:10.1086/451001

Cited by 11 publications

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“…He discovered that a country which is relatively open in one sense is not invariably so in the other investigation of the relationship between capital-flow openness and key economic variables which classify nations. Iyoha (1973)'s study is one of the very first studies on the relationship between inflation and openness in less developed countries. He estimated ordinary least-squares regression method of 33 less developed countries and analyzed the relationship for both yearly and 5-year averaged data from 1960-61 through 1964-65 and resulted a negative relationship between inflation and the degree of openness measured by the import-income ratio.…”

Section: Literature Reviewmentioning

confidence: 99%

The Relationship between Trade Openness and Inflation in Turkey

Atabay¹

2016

IJRBS

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Both in Turkey and in the world in 1980 was a year of major structural transformations. Globalization has been accelerated in this time and countries have implemented some liberal policies for opening borders to foreign capital. Economies began to be led by export-oriented industrialization and liberalization policies after 1980 and these policies continue since then. Turkey is one of these countries that began liberalization after 1980. While decreasing trade barriers exerts a downward pressure on prices trade liberalization represents a structural break. This study aims to examine the relationship between trade openness and inflation over the period 1980-2011 for Turkey by using OLS method. The proportion of foreign trade volume (exports plus imports) to GDP and real exchange rates are used as measures of trade openness besides inflation rate. As a result of the study, it has been determined that there was a negative correlation between trade openness and inflation rate for the dedicated years in Turkey. The effects of crisis and election years in Turkey have been also tested and found statistically insignificant.

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Section: Literature Reviewmentioning

confidence: 99%

The Relationship between Trade Openness and Inflation in Turkey

Atabay¹

2016

IJRBS

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“…The pure cost model of inflationary process indicated that inflation arise from increases in the cost of production, especially rising wage emanating from trade union actions. According to Iyoha (1975), Inflation in Nigeria can be attributed to both demand and supply phenomena as well as the openness of the Nigerian economy and just one related factor.…”

Section: Theoretical Framework Demand and Pure Cost Push Theoriesmentioning

confidence: 99%

An Empirical Assessment of the Relationship between Inflation and Investment in Nigeria

Olufemi¹,

Omolade²

2013

IOSR-JEF

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This study examined empirically the impact of inflationary rate on the level of investment in a developing economy a case study of Nigerian Economy 1970-2008. The study adopted co-integration and error correction model as the estimating techniques. The empirical results showed that there is a long run relationship between inflationary rate and investment in Nigeria. Unlike some developed nations where inflation has direct relationship with the investment, in Nigeria, low rate of inflation and increased national income would promote investment. The policy recommendation is that Nigeria government should strive to curtail inflation to the minimum while accelerating the growth of the national income in her quest to boost investment.

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Industrialisation as a structural determinant of inflation performance in IMF stabilisation programmes in less developed countries

Kirkpatrick

Önіş

1985

The Journal of Development Studies

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Inflation and "Openness" in Less Developed Economies: A Cross-Country Analysis: Reply

Cited by 11 publications

References 0 publications

The Relationship between Trade Openness and Inflation in Turkey

The Relationship between Trade Openness and Inflation in Turkey

An Empirical Assessment of the Relationship between Inflation and Investment in Nigeria

Industrialisation as a structural determinant of inflation performance in IMF stabilisation programmes in less developed countries

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