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The Efficacy Of Modeling Inflation Process On The Consumer Behavior

A Case Of Kenyan Economy
von Oscar Onyango Sangoro - Verkauft von Dodax
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Oscar Onyango Sangoro The Efficacy Of Modeling Inflation Process On The Consumer Behavior
Oscar Onyango Sangoro - The Efficacy Of Modeling Inflation Process On The Consumer Behavior

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Beschreibung

This book presents the conviction that inflation entails sizable economic and social costs, and controlling it is one of the prerequisites for achieving a sustainable economic growth. The study analyses the main sources of fluctuations in inflation in Kenya. It was found that the inflation in Kenya has been increasing within the recent years due to high fuel prices, among other factors resulting in high cost of living. Using the framework of error correction mechanism, it was found that the lagged consumer price index (CPI), expected inflation, petroleum prices and real exchange rate significantly propagate the dynamics of inflationary process in Kenya.Using the framework of error correction mechanism, it was found that the lagged consumer price index (CPI), expected inflation, petroleum prices and real exchange rate significantly propagate the dynamics of inflationary process in Kenya. The level of output was found to be insignificant in the parsimonious error correction model. However in the structural macroeconomic model, the individual lagged variables, the aggregated co-regressed variables resulted into a positive R2 at 0.01 significant levels.

Mitwirkende

Autor Oscar Onyango Sangoro

Autor John Mudaki

Autor Daphen Ojala

Produktdetails

DUIN 1F63GCMT42T

GTIN 9783659217784

Sprache Englisch

Seitenanzahl 64

Produkttyp Taschenbuch

CHF 46.95
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