Research Article Open Access

A Causal Relationship between Inflation and Productivity: An Empirical Approach for Romania

Nikolaos Dritsakis

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."

American Journal of Applied Sciences
Volume 1 No. 2, 2004, 121-128

DOI: https://doi.org/10.3844/ajassp.2004.121.128

Submitted On: 8 March 2005 Published On: 30 June 2004

How to Cite: 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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Keywords

  • Productivity
  • Inflation
  • Granger Causality
  • Cointegration
  • Romanian Economy