American Journal of Applied Sciences

A Causal Relationship between Inflation and Productivity: An Empirical Approach for Romania

Nikolaos Dritsakis

DOI : 10.3844/ajassp.2004.121.128

American Journal of Applied Sciences

Volume 1, Issue 2

Pages 121-128


This study attempts to analyze the relationship between the productivity and the inflation of a transition country of the European Union as Romania. For this purpose we use quarterly data since 1990: IV in 2003: I and the causality analysis, which is based on an error correction model. The results of the empirical analysis showed that there is a causal relationship between inflation and productivity in the Romanian economy."


© 2004 Nikolaos Dritsakis. This is an open access article distributed under the terms of the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original author and source are credited.