Budget deficit and inflation in Tanzania: ARDL bound test approach

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dc.contributor.authorMyovella, Godwin Aloyce
dc.contributor.authorKisava, Zakayo Samson
dc.date.accessioned2021-08-31T07:51:58Z
dc.date.available2021-08-31T07:51:58Z
dc.date.issued2018
dc.descriptionAbstract. Full text article available at https://doi.org/10.17261/Pressacademia.2018.797en_US
dc.description.abstractThe study aimed at analyzing the existence of the long run relationship between the government budget deficits and inflation in Tanzania. We used annual time series data for the budget deficit and inflation from 1970 to 2015 sourced from International Monetary Fund (IMF) database. Autoregressive Distributed Lag (ARDL) bound test approach Pesaran and Shin (2001) was used. Our results revealed the positive relationship and existence of the long-run relationship between budget deficits and inflation. The coefficient of the speed of adjustment is significant at 5 percent; the whole system can get back to the equilibrium at the speed of adjustment of 72% towards a long run.We suggest the government to adopt measures that would reduce the large budget deficit that has been growing over time. This would be one of the necessary conditions in reducing inflation over time and thereby the high economic growth witnessed can be sustainable.en_US
dc.identifier.citationMyovella, G. A., & Kisava, Z. S. (2018). Budget deficit and inflation in Tanzania: ARDL bound test approach. Journal of Business Economics and Finance, 7(1), 83-88en_US
dc.identifier.otherURL: https://dergipark.org.tr/en/pub/jbef/issue/36448/412878
dc.identifier.otherDOI:10.17261/Pressacademia.2018.797
dc.identifier.urihttp://hdl.handle.net/20.500.12661/3304
dc.language.isoenen_US
dc.publisherPress Academiaen_US
dc.subjectIMFen_US
dc.subjectBudget deficiten_US
dc.subjectEconomic growthen_US
dc.subjectBudgeten_US
dc.subjectInflationen_US
dc.subjectARDL modelen_US
dc.subjectTanzaniaen_US
dc.subjectAutoregressive distributed lagen_US
dc.subjectInternational monetary funden_US
dc.titleBudget deficit and inflation in Tanzania: ARDL bound test approachen_US
dc.typeArticleen_US
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