Dynamics and Determinants of Inflation During the COVID-19 Pandemic Period in European Countries: A Spatial Panel Data Analysis

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dc.authorscopusid56625634400
dc.authorscopusid56127310200
dc.authorscopusid57091681300
dc.contributor.authorErdoğan, Serkan
dc.contributor.authorYıldırım, Durmuş Çağrı
dc.contributor.authorGedikli, Ayfer
dc.date.accessioned2022-05-11T14:33:32Z
dc.date.available2022-05-11T14:33:32Z
dc.date.issued2020
dc.departmentFakülteler, İktisadi ve İdari Bilimler Fakültesi, İktisat Bölümü
dc.description.abstractAim: The recent macroeconomic problems in the global economy are highly related to the coronavirus disease 2019 (COVID-19) pandemic. Since the highest spread of the disease is observed in the European countries, it is worthwhile to investigate the macroeconomic indicators in the European Union (EU) member and the candidate countries. Inflation is one of the most important indicators to examine since it may directly affect many macroeconomic variables. In this study, the determinants of inflation in the 28 EU members and candidate states are investigated. Material and Methods: In this study, the determinants of inflation in the 28 EU members and candidate states are investigated for January 2020-July 2020 using spatial panel data analysis. Results: The empirical results indicated that the exchange rate and money supply ratios were reasons of the increase in inflation. There is also increasing pressure on the inflation rates due to the domestic money supply and exchange rate variables as well as the neighborhood relations between countries (positive spatial effects). Conclusion: It is an important finding that macroeconomic problems in each sample country are also affected by developments in neighboring countries as well as internal dynamics. Continuous development of economic, social, and political cooperation between neighboring countries at the regional level is essential. It is reasonable for every country to develop self-sufficient strategies in the fields of agriculture, food, technology, and pharmaceutical industries in case of global disasters. Regional cooperation should not be limited to the development of sectors that stand out during the pandemic period. © 2020, Duzce University Medical School. All rights reserved.
dc.identifier.doi10.18678/dtfd.794107
dc.identifier.endpage67
dc.identifier.issn1307-671X
dc.identifier.issueSpecial Issue 1en_US
dc.identifier.scopus2-s2.0-85097281606
dc.identifier.scopusqualityQ4
dc.identifier.startpage61
dc.identifier.urihttps://doi.org/10.18678/dtfd.794107
dc.identifier.urihttps://hdl.handle.net/20.500.11776/7787
dc.identifier.volume22
dc.indekslendigikaynakScopus
dc.institutionauthorYıldırım, Durmuş Çağrı
dc.language.isoen
dc.publisherDuzce University Medical School
dc.relation.ispartofDuzce Medical Journal
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/openAccess
dc.subjectCOVID-19
dc.subjectEU countries
dc.subjectInflation
dc.subjectSpatial panel data analysis
dc.subjectArticle
dc.subjectcoronavirus disease 2019
dc.subjecteconomic aspect
dc.subjectEuropean Union
dc.subjectgeneral spatial model
dc.subjectinflation rate
dc.subjectpandemic
dc.subjectspatial autoregressive model
dc.subjectspatial durbin model
dc.subjectspatial error model
dc.subjectstatistical model
dc.titleDynamics and Determinants of Inflation During the COVID-19 Pandemic Period in European Countries: A Spatial Panel Data Analysis
dc.title.alternativeDynamics and determinants of inflation during the covid-19 pandemic period in european countries: A spatial panel data analysis
dc.typeArticle

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