{"title":"通货膨胀内在和外在驱动因素的比较分析","authors":"T. Habanabakize, Z. Dickason-Koekemoer","doi":"10.32479/ijefi.15685","DOIUrl":null,"url":null,"abstract":"In most economies, particularly in developing countries, addressing inflation remains a significant macroeconomic challenge. This study seeks to examine the factors, both internal and external, that contribute to inflationary trends in South Africa. To achieve this objective, the authors employ the Johansen cointegration test, vector error correction approach, impulse response function, and variance decomposition on quarterly time series data spanning from 1994 to 2022. The findings of the study provide compelling evidence suggesting that both internal and external factors play a statistically significant role in influencing inflation. However, external forces exert a greater impact on the inflationary pressures witnessed in South Africa when compared to internal factors. Notably, factors such as trade openness, exchange rates, and imported prices contribute significantly to the elevated inflation rate in South Africa. On the other hand, internal factors like sustainable government expenditure, interest rates, and net export prices prove effective in mitigating the inflation rate.","PeriodicalId":30329,"journal":{"name":"International Journal of Economics and Financial Issues","volume":null,"pages":null},"PeriodicalIF":0.0000,"publicationDate":"2024-03-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":"{\"title\":\"A Comparative Analysis between Intrinsic and Extrinsic Drivers of Inflation\",\"authors\":\"T. Habanabakize, Z. Dickason-Koekemoer\",\"doi\":\"10.32479/ijefi.15685\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"In most economies, particularly in developing countries, addressing inflation remains a significant macroeconomic challenge. This study seeks to examine the factors, both internal and external, that contribute to inflationary trends in South Africa. To achieve this objective, the authors employ the Johansen cointegration test, vector error correction approach, impulse response function, and variance decomposition on quarterly time series data spanning from 1994 to 2022. The findings of the study provide compelling evidence suggesting that both internal and external factors play a statistically significant role in influencing inflation. However, external forces exert a greater impact on the inflationary pressures witnessed in South Africa when compared to internal factors. Notably, factors such as trade openness, exchange rates, and imported prices contribute significantly to the elevated inflation rate in South Africa. On the other hand, internal factors like sustainable government expenditure, interest rates, and net export prices prove effective in mitigating the inflation rate.\",\"PeriodicalId\":30329,\"journal\":{\"name\":\"International Journal of Economics and Financial Issues\",\"volume\":null,\"pages\":null},\"PeriodicalIF\":0.0000,\"publicationDate\":\"2024-03-18\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"\",\"citationCount\":\"0\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"International Journal of Economics and Financial Issues\",\"FirstCategoryId\":\"1085\",\"ListUrlMain\":\"https://doi.org/10.32479/ijefi.15685\",\"RegionNum\":0,\"RegionCategory\":null,\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"\",\"JCRName\":\"\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"International Journal of Economics and Financial Issues","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.32479/ijefi.15685","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
A Comparative Analysis between Intrinsic and Extrinsic Drivers of Inflation
In most economies, particularly in developing countries, addressing inflation remains a significant macroeconomic challenge. This study seeks to examine the factors, both internal and external, that contribute to inflationary trends in South Africa. To achieve this objective, the authors employ the Johansen cointegration test, vector error correction approach, impulse response function, and variance decomposition on quarterly time series data spanning from 1994 to 2022. The findings of the study provide compelling evidence suggesting that both internal and external factors play a statistically significant role in influencing inflation. However, external forces exert a greater impact on the inflationary pressures witnessed in South Africa when compared to internal factors. Notably, factors such as trade openness, exchange rates, and imported prices contribute significantly to the elevated inflation rate in South Africa. On the other hand, internal factors like sustainable government expenditure, interest rates, and net export prices prove effective in mitigating the inflation rate.
期刊介绍:
International Journal of Economics and Financial Issues (IJEFI) is the international academic journal, and is a double-blind, peer-reviewed academic journal publishing high quality conceptual and measure development articles in the areas of economics, finance and related disciplines. The journal has a worldwide audience. The journal''s goal is to stimulate the development of economics, finance and related disciplines theory worldwide by publishing interesting articles in a highly readable format. The journal is published Bimonthly (6 issues per year) and covers a wide variety of topics including (but not limited to): Macroeconomcis International Economics Econometrics Business Economics Growth and Development Regional Economics Tourism Economics International Trade Finance International Finance Macroeconomic Aspects of Finance General Financial Markets Financial Institutions Behavioral Finance Public Finance Asset Pricing Financial Management Options and Futures Taxation, Subsidies and Revenue Corporate Finance and Governance Money and Banking Markets and Institutions of Emerging Markets Public Economics and Public Policy Financial Economics Applied Financial Econometrics Financial Risk Analysis Risk Management Portfolio Management Financial Econometrics.