The DOI matches its Crossref record; 30 of the 30 references it cites were found in a registry or an index.
Are fiscal deficits inflationary in African countries? A new evidence from an asymmetric cointegration analysis
Open accessAbstract
Abstract This paper investigates relationship between fiscal deficits and inflation in a sample of twelve African countries using quarterly series, covering the period from 1980:1 to 2018:4. It uses the Enders and Siklos (2001) technique that accommodates asymmetric adjustments between the series, which suits African countries with imperfect and underdeveloped financial market systems where adjustments may be sporadic and contingent. The results indicate that there is a long-run relationship between fiscal deficits and inflation in all the countries and fiscal deficit is inflationary, which indicates importance of fiscal consolidation. It is also found that adjustments between the series are asymmetric in these countries.
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“Nonlinear models, such as the nonlinear autoregressive distributed lag (NARDL), challenge this assumption by capturing both short- and long-term asymmetries (Ahmad and Aworinde, 2019; Balsalobre-Lorente et al., 2021).”
From Passenger and Freight Demand under Macroeconomic Volatility: Evidence from South Korea and The United States (2026) · cites this paper as Ahmad and Aworinde, 2019
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Cites
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Enders, W., & Siklos, P. L. (2001) · Journal of Business & Economic Statistics · doi:10.1198/073500101316970395 · Cited by 1,142
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Research works printed but not linked: 1
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Cited by
Application of Bootstrap Simulation and Asymmetric Causal Approach to Fiscal Deficit-Inflation Nexus
Olaniyi, C. O. (2020) · Global Journal of Emerging Market Economies · doi:10.1177/0974910120919021 · Cited by 22
On the fiscal deficit and economic growth in sub-Saharan Africa: A new evidence from system GMM
Sore, A. G., Ayana, I. D., & Demissie, W. M. (2024) · PLoS ONE · doi:10.1371/journal.pone.0303825 · Cited by 18
Peran Kesejahteraan di Tempat Kerja terhadap Kesiapan untuk Berubah
Program Studi Magister Profesi Psikologi, F. P., Akhbar, M. N., Harding, D., Program Studi Magister Profesi Psikologi, F. P., Yanuarti, N., & Program Studi Magister Profesi Psikologi, F. P. (2020) · Psikologika Jurnal Pemikiran dan Penelitian Psikologi · doi:10.20885/psikologika.vol25.iss2.art5 · Cited by 16
On the Non-Linear Relationship between Fiscal Deficit and Inflation: The Nigeria Experience
Oyeleke, O. J. (2021) · International Advances in Economic Research · doi:10.1007/s11294-021-09822-7 · Cited by 11
Ho, T. T., Nguyen, V. B., & Nguyen, T. B. N. (2021) · Macroeconomics and Finance in Emerging Market Economies · doi:10.1080/17520843.2021.1973787 · Cited by 11
Metadata
- Authors
- Ahmad, A. H., & Aworinde, O. B.
- Affiliations
- Loughborough University (GB)
- Pan-Atlantic University (NG)
- Corresponding author
- Ahmad, Ahmad Hassan
- Venue
- The North American Journal of Economics and Finance
- Publisher
- Elsevier BV
- Published
- 2019-11
- Volume
- 50
- Pages
- 100999
- ISSN
- 1062-9408 (ISSN-L)
- OpenAlex
- W2951436369
- Cited by
- 25
- References
- 30
- Citations by year
- 2026: 2 · 2025: 1 · 2024: 8 · 2023: 3 · 2022: 2 · 2021: 4 · 2020: 4 · 2019: 1
- FWCI
- 5.92
- Type
- journal article
- Language
- en
- Open access
- green
- dspace.lboro.ac.uk
- Licence
- cc-by-nc-nd
- www.elsevier.com/tdm/userlicense/1.0/ (tdm)
- www.elsevier.com/legal/tdmrep-license (tdm)
- Locations
- The North American Journal of Economics and Finance (publishedVersion)
- RePEc: Research Papers in Economics (submittedVersion)
- Loughborough University Institutional Repository (Loughborough University) (submittedVersion, cc-by-nc-nd)
- Loughborough University Research Repository (Loughborough University) (submittedVersion, cc-by-nc-nd)
- Topics
- Social Sciences › Economics, Econometrics and Finance › General Economics, Econometrics and Finance › Monetary Policy and Economic Impact
- Social Sciences › Economics, Econometrics and Finance › Economics and Econometrics › Fiscal Policies and Political Economy
- Social Sciences › Economics, Econometrics and Finance › Economics and Econometrics › Economic and Fiscal Studies
- Keywords
- budget deficit, inflation, asymmetric cointegration, asymmetric adjustment, fiscal consolidation, African countries, long-run relationship, financial market imperfections
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