A Comparative Analysis of Inflation Determinants in Bangladesh, India, and Pakistan
DOI:
https://doi.org/10.47205/jdss.2024(5-II)65Keywords:
ARDL, Exchange Rate, GDP, India, Inflation, PakistanAbstract
The main objective of the research study is to analyze the determinants of inflation in the following countries; Pakistan, Bangladesh, and India. The research study utilized the data set from 1980 to 2022. For the purpose of empirical analysis, ARDL auto regressive distributed lag is employed. The findings indicate that in Pakistan Exports, Money-Supply, Exchange-rate and Oil Rents positively significantly influence the Inflation. While GDP has a negative significant influence on inflation. In India, Exports, Money-supply and Oil rents positively significantly affect the inflation. In Bangladesh there is significant relationship between GDP, Oil Rents and inflation. While exchange-rate has negative significant impact on inflation. It is suggested that all three countries to invest in renewable energy sources to reduce the dependency on oil imports.
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