Διπλωματική εργασία--Πανεπιστήμιο Μακεδονίας, Θεσσαλονίκη, 2024.
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Submitted by ΜΙΧΑΗΛ ΔΑΤΣΗΣ (
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Previous issue date: 2024-12-01
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Trade openness has long been debated as a significant determinant of inflation across various economies. This study explores the relationship between trade openness, GDP per capita, and inflation, providing new insights into how these factors interact globally. Using panel data from multiple countries over the period 1991-2019, the study employs both fixed-effects and random-effects models to analyze the impact of trade openness on inflation, while controlling for GDP per capita. The Wu-Hausman test is utilized to determine the more appropriate model. The analysis reveals that trade openness is consistently associated with higher inflation, though the magnitude of this effect is modest. The models demonstrate that a 1% increase in trade openness results in a very small but statistically significant rise in inflation. These findings challenge the conventional wisdom of a universally negative relationship between trade openness and inflation, aligning with a subset of literature that identifies a positive correlation. The study underscores the complexity of the openness-inflation dynamic and highlights the importance of considering country-specific factors in policy formulation.
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MichalisDatsisPaper2024.pdf: 1008506 bytes, checksum: 77c794fc09d69b26c971b9e575151fbd (MD5)
license_rdf: 701 bytes, checksum: 42fd4ad1e89814f5e4a476b409eb708c (MD5)
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Πανεπιστήμιο Μακεδονίας
