Impact of global food price escalation on inflation in south asian countries.
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Date
2015
Authors
Journal Title
Journal ISSN
Volume Title
Publisher
Pakistan Journal of Social Sciences.
Abstract
The aim of this paper is to investigate the impact of global food price
escalation on general inflation in South Asian countries for the period
1990 to 2011. Panel data methodology has been utilized for empirical
analysis. Results of the study reveal that external factors like global
food price inflation and oil prices significantly and positively affect the
general inflation in South Asian countries. Inflation is also positively
associated with inflation expectations. Real output measured by real
GDP of South Asian countries is inversely significant for general
inflation. While broad money shows insignificant impact on consumer
inflation in South Asian countries. Findings of this study will be helpful
for formulating effective monetary and trade policies for the economic
stability in the era of trade liberalization.
Description
Keywords
Economics, Inflation, Global food price escalation, Oil prices, Expectations, Money supply.
Citation
Abdullah, M., &Kalim, R. (2015). Impact of Global Food Price Escalation on Inflation in South Asian Countries. Pakistan Journal of Social Sciences (PJSS), 35(2), 849-860. (Rukhsana Kalim) (HEC Recognized Y Category)