This study investigates the determinants of inflation in the main oil exporting countries specifically; Algeria, Iran, Nigeria, Saudi Arabia and Venezuela. The study covers the period from 1991 to 2014 using panel data analysis. The country specific analysis shows more readable results than whole OPEC sample. Findings have different inflation determinants across main oil exporting countries. Results show that the main determinants of inflation for Algeria and Nigeria arise mainly from exchange rate depreciation. Whereas the sources of inflation in Saudi Arabia are mainly driven by high oil prices and high government expenditure. For Venezuela and Iran, inflation ascends from several sources including monetary factors, supply side and demand side factors and exchange rate variations. This is due to the fact that these two countries are under a threat of an economic destabilization period.
Al-Shammari, N., & Al-Qenaie, J. (2017). Causes Of Inflation Across Main Oil Exporting Countries-(An Empirical Study). Journal of Alexandria University for Administrative Sciences, 54(2), 93-117. doi: 10.21608/acj.2017.44675
MLA
Nayef Al-Shammari; Jawan Al-Qenaie. "Causes Of Inflation Across Main Oil Exporting Countries-(An Empirical Study)", Journal of Alexandria University for Administrative Sciences, 54, 2, 2017, 93-117. doi: 10.21608/acj.2017.44675
HARVARD
Al-Shammari, N., Al-Qenaie, J. (2017). 'Causes Of Inflation Across Main Oil Exporting Countries-(An Empirical Study)', Journal of Alexandria University for Administrative Sciences, 54(2), pp. 93-117. doi: 10.21608/acj.2017.44675
VANCOUVER
Al-Shammari, N., Al-Qenaie, J. Causes Of Inflation Across Main Oil Exporting Countries-(An Empirical Study). Journal of Alexandria University for Administrative Sciences, 2017; 54(2): 93-117. doi: 10.21608/acj.2017.44675
)
مشاهدة على SCiNiTO