Open Access
Subscription Access
Econometrics Analysis of Inflation: Using Method of Principal Component Analysis.
Abstract
Nigeria witnessed a sharp increase in inflation from 6.9% in 2000 to about 17.8% in 2005. This was attributed to the government budget deficit over the years. The inflation rate declined to 5.4% in 2007 due to the implementation of unassailable monetary and fiscal policies. The inflation rate moderated substantially from 11.6% in 2008 to 9.7% in 2015 due to increased agricultural output and sound macroeconomic policies. The economy could not sustain the single-digit; by 2017 it increases to 13.4%. Principal components analysis (PCA) is depicted on the highly reduced intercorrelations between the six extracted variables. These factors can be used to construct a macro-econometrics model for the determination of price level in Nigeria.
Keywords
Disclaimer/Regarding indexing issue:
We have provided the online access of all issues and papers to the indexing agencies (as given on journal web site). It’s depend on indexing agencies when, how and what manner they can index or not. Hence, we like to inform that on the basis of earlier indexing, we can’t predict the today or future indexing policy of third party (i.e. indexing agencies) as they have right to discontinue any journal at any time without prior information to the journal. So, please neither sends any question nor expects any answer from us on the behalf of third party i.e. indexing agencies.Hence, we will not issue any certificate or letter for indexing issue. Our role is just to provide the online access to them. So we do properly this and one can visit indexing agencies website to get the authentic information. Also: DOI is paid service which provided by a third party. We never mentioned that we go for this for our any journal. However, journal have no objection if author go directly for this paid DOI service.