A Causal Relationship between Inflation and Productivity: An Empirical Approach for Romania
Nikolaos Dritsakis
American Journal of Applied Sciences, Volume 1, Issue 2, pp. 121–128 · doi.org/10.3844/ajassp.2004.121.128
Abstract
This study attempts to analyze the relationship between the productivity and the inflation of a transition country of the European Union as Romania. For this purpose we use quarterly data since 1990: IV in 2003: I and the causality analysis, which is based on an error correction model. The results of the empirical analysis showed that there is a causal relationship between inflation and productivity in the Romanian economy."
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Dritsakis, N. (2004). A Causal Relationship between Inflation and Productivity: An Empirical Approach for Romania. American Journal of Applied Sciences, 1(2), 121–128. https://doi.org/10.3844/ajassp.2004.121.128
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