Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/331136 
Year of Publication: 
2024
Citation: 
[Journal:] Research in Globalization [ISSN:] 2590-051X [Volume:] 8 [Article No.:] 100210 [Year:] 2024 [Pages:] 1-7
Publisher: 
Elsevier, Amsterdam
Abstract: 
As a long-lasting and ongoing economic problem, inflation significantly affects how society views socioeconomic concerns and how people go about living their daily lives. For South Asian economies, inflation is not only a hypothetical economic concept; it is a brutal reality that affects their capacity to pay for necessities. Therefore, this study examines the effects of oil prices, technological advances, and labor market dynamics on inflation using the Panel ARDL on a subset of South Asian countries over the years 1995 to 2022. The Hausman test recommends PMG estimates while the cointegration test verifies the presence of long-run correlations between variables. According to the findings of this study, oil prices contribute to inflation in South Asian economies. Moreover, technological advancements have the ability to lower inflationary pressures. The overall condition of the labor market particularly is reflected in factors like employment rates, which have a signaficant impact on inflation. Tight labor markets can result in short-term demand-pull inflation when workers demand higher wages. On the other hand, cost-push inflation may occur if wages continue to rise steadily over time.
Subjects: 
Cost-push inflation
Energy prices
Labor market dynamics
Technological innovations
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by-nc-nd Logo
Document Type: 
Article

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