n Determinants of Inflation in Somalia: An ARDL Approach - SIMAD University
Determinants of Inflation in Somalia: An ARDL Approach
Oct 21

Determinants of Inflation in Somalia: An ARDL Approach

The study explores the determinants of inflation in Somalia, emphasizing its detrimental impact on the economy. Inflation, a continuous increase in prices, erodes purchasing power, hinders economic growth, and disrupts international trade dynamics. The persistent inflation in Somalia is attributed to factors like political instability, conflict, and currency depreciation. The government has taken measures to combat inflation, but economic and political challenges impede their effectiveness. The study underscores the need for economically prudent policies to stimulate real GDP growth and counteract inflationary pressures. Read the full paper here…

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