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ISSN: 1546-9239 (Print)
ISSN: 1554-3641 (Online)
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

Open AccessCopyright: © 2004 Nikolaos Dritsakis. This is an open access article distributed under the terms of the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original author and source are credited.

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Keywords

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