Quanto mais complexas as economias, menor a inflação? uma análise empírica com modelos ARDL em painel

Detalhes bibliográficos
Ano de defesa: 2021
Autor(a) principal: Souza, Lucas de Castro
Orientador(a): Não Informado pela instituição
Banca de defesa: Não Informado pela instituição
Tipo de documento: Dissertação
Tipo de acesso: Acesso aberto
Idioma: por
Instituição de defesa: Universidade Federal de Uberlândia
Brasil
Programa de Pós-graduação em Economia
Programa de Pós-Graduação: Não Informado pela instituição
Departamento: Não Informado pela instituição
País: Não Informado pela instituição
Palavras-chave em Português:
Link de acesso: https://repositorio.ufu.br/handle/123456789/31768
http://doi.org/10.14393/ufu.di.2021.130
Resumo: This dissertation investigates the relationship between economic complexity and inflation. The hypothesis is that the greater the complexity of an economy, the lower must be inflation, since complexity is an expression of productivity and the higher it is, the more behaved are the prices. The study is based on a sample of 48 countries between the years 2002 to 2018, whose analysis also divides them into subgroups of Developed and Undeveloped economies. As a strategy for making inference, the study develops some models based on the literature, verifying the existence of a long-run relationship between the variables in order to present the main results of the chosen ARDL/PMG approach and causality tests. The results of the applied methodology show that such a negative relationship exists between economic complexity and inflation, mainly for the developed countries subgroup. This means that inflation is not always and not everywhere an exclusively monetary phenomenon, but it also depends on the institutional structures that provide a complex productive system capable of constantly increase its productivity and reduce the price increase dynamics.