Testing the inflation rates in MENA countries: Evidence from quantile regression approach and seasonal unit root test

Bolat, Süleyman; Tiwari, Aviral Kumar; Kyophilavong, Phouphet

doi:10.1016/j.ribaf.2017.07.043

Cited by 4 publications

(1 citation statement)

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“…In this regard, normal inflation for the region has seen a sharp increase to double-digit in specific nations, while for other people, huge floods have been registered. The MENA nations consistently contribute approximately US$ 3.3 trillion to the GDP, which represents approximately 4.5% of the world income (Bolat, Tiwari and Kyophilavong, 2017). The economies of the MENA region are exceptionally assorted.…”

Section: Introductionmentioning

confidence: 99%

Does the Phillips Curve Exist? Evidence from the Middle East and North African Countries

Azam

Khan

2022

Journal of Central Banking Theory and Practice

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This study aims to explore the validity of Phillips curve for eight (8) countries from the Middle East and North Africa (MENA), namely Algeria, Egypt, Jordan, Kuwait, Malta, Morocco, Saudi Arabia, and Tunisia over the period of 1991–2019. The panel autoregressive distributed lag/pooled mean group (ARDL/PMG) estimation is employed in the study because of the nature of data. The results of ARDL/PMG reveal that there is no trade-off between inflation and unemployment rates in the panel of eight MENA countries in the long run, while there is a negative but insignificant relationship between these two variables in the short run. In addition, the trade-off between inflation and unemployment for each of the panel’s countries has also been investigated. The empirical results indicate that there is no trade-off in the short run as the estimated coefficients found are statistically insignificant. Hence, it is concluded that there is no empirical evidence of the trade-off between inflation and unemployment rates in MENA countries.

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Section: Introductionmentioning

confidence: 99%