Causes of Inflation in Namibia: An Empirical Exploration
University of Namibia, Multi-Disciplinary Research and Consultancy Centre, Social Sciences Division, 2000 - Consumer price indexes - 68 pages
"The paper recommends policies and programmes aimed at increasing labor productivity, with a view to reducing average cost of producing domestic output. The paper establishes that inflation in Namibia is not a purely monetary phenomenon; it is caused by monetary as well as structural cost factors."--Abstract.
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Africa's producer price aggregate demand variable Bank of Namibia basic structuralists causes of inflation changes consumer price index cost factors costs of producing current period's data series Dependent Variable determinant of inflation Dickey-Fuller test statistics domestic currency domestic prices economy Equation 2.16a Gaomab GDP deflator growth in money import price index InCPI inflation in Botswana inflation in Namibia inflation models labour productivity level in Namibia Level of Significance macroeconomic monetarists money supply Namibia's imports nominal exchange rate nominal money non-stationary pass-through effects percent level possible causes PPP approach presented in Table price level priori expectation producer price index producing domestic output proxied random error term rate of growth rate of inflation real GDP Regression Results Results of Equation S-sector SACU short-run partial elasticity significant determinants source of inflation South Africa's consumer South Africa's prices South Africa's producer stationary structural and cost t-Statistic Level viewpoint xt and yt