eISSN: 2791-173X editor@grpublishing.org
All Journals
Submit your article

Global Multidisciplinary Journal

Open Access Peer Review International
Open Access

EXPLORING INFLATION DRIVERS IN ETHIOPIA: A REGRESSION ANALYSIS FOR ILLU ABBA BOR ZONE

DOI
pdf
Gemechu Bekana Hailu 1 ,
4 Assistant Professor of Statistics, Department of Statistics, College of Natural and Com-putational Science, Wollega University, Ethiopia

Abstract

Inflation has emerged as a significant economic challenge in Ethiopia, particularly in the Illu Abba Bor Zone, where its effects are profoundly felt by households and businesses alike. This study aims to identify and analyze the key determinants of inflation in this region using regression models. Data was collected from various sources, including government reports, economic databases, and household surveys, covering a range of variables such as money supply, consumer price index (CPI), agricultural output, exchange rates, and external economic factors.

The regression analysis revealed that several factors significantly influence inflation in Illu Abba Bor Zone. Notably, an increase in money supply was found to have a direct correlation with rising inflation rates, underscoring the impact of monetary policy in the region. Additionally, fluctuations in agricultural output emerged as critical determinants, highlighting the vulnerability of the local economy to agricultural productivity and climatic conditions. The study also identified the exchange rate and global commodity prices as significant external factors influencing inflationary trends.

The findings of this research provide valuable insights for policymakers and economic stakeholders, emphasizing the need for targeted economic interventions and sound monetary policies to mitigate inflationary pressures. By understanding the dynamics of inflation drivers specific to Illu Abba Bor Zone, this study contributes to the broader discourse on economic stability and sustainable development in Ethiopia. Future research should explore the long-term effects of these determinants on inflation and consider additional qualitative factors that may influence the region's economic landscape.

Keywords

Inflation, Ethiopia, regression analysis

References

📄 Abdullah, M. and R. Kalim, 2012. Empirical Analysisof Food Price Inflation in Pakistan” World Applied Sciences Journal, 16(7): 933-939
📄 Agresti, A. (2007), an Introduction to Categorical Data Analysis. John Wiley And Sons, Inc, New York
📄 Central Statistical Agency (CSA, 2005). Report of the 2005. Federal Democratic Repub-lic of Ethiopia, Addis Ababa. Central Statistical Authority (2001). Statistical AbstractFielding, D., 2008, ‘Inflation Volatility and Economic Development: Evidence from Nige-ria’, University of Otago Economics Discussion Papers No. 0807, 1 –22.
📄 Geda A. and Tafere K. (2008): “The Galloping Inflation in Ethiopia: A Cautionary Tale for Aspiring ‘Developmental States’ in Africa”, Addis Ababa University working paper series
📄 Hamilton, J.D. (1994): Time Series Analysis. Princeton University Press, Princeton.
📄 Healy, L., (2006) “Logistic Regression: An Overview”. Eastern Michighan College of Technology.
📄 Hilbe, J. M.(2009), Logistic Regression Models, Chapman & Hall, London
📄 Hosmer, D.W. and Lemeshow, S. (1989). Applied Logistic Regression, John Wliey & Son, Inc.
📄 Hosmer, W.D. and S. Lemeshow (2000), Applied Logistic Regression. 2nd Ed., John Wiley and Sons, New York.
📄 Jema, H., and Fekadu, G. (2012), “Determinates of the Recent Soaring Food Inflation in Ethiopia”, Universal Journal of Education and GeneralStudies,
📄 Johansen, S. (1988):“Statistical Analysis of Cointegration Vectors”. Journal of Economic Dynamics and Control, 12, 231-254.
📄 Keith, T. (2006). Multiple regression and beyond. PEARSON Allyn & Bacon.

How to Cite

Gemechu Bekana Hailu. (2024). EXPLORING INFLATION DRIVERS IN ETHIOPIA: A REGRESSION ANALYSIS FOR ILLU ABBA BOR ZONE. Global Multidisciplinary Journal, 3(10), 1-6. https://www.grpublishing.org/journals/index.php/gmj/article/view/132

Most read articles by the same author(s)

<< < 2 3 4 5 6 7 8 9 10 11 > >> 

Similar Articles

1-10 of 101

You may also start an advanced similarity search for this article.