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英文文献：Exploring the Inflationary Effect of Oil Price Volatility in Africa\'s Oil Exporting Countries-探讨石油价格波动对非洲石油出口国的通胀效应
英文文献作者：Sina J. Ogede,Emmanuel O. George,Ibrahim A. Adekunle
英文文献摘要：
A range of explanations had been offered for the apparent change in oil price-inflation relationship outcomes ranging from the possible use of alternate energy sources, change in the structure of output regarding fewer oil intensive sectors and the role of fiscal and monetary in the affected oil-exporting countries. These changes had drawn the attention of stakeholders, government and the society at large to the anecdotal relationship among oil price volatility, inflation, and output in Africa oil-exporting countries. This study leans empirical credence to the impact of oil price volatility on inflation and economic performance in the Africa oil-exporting countries from 1995 through 2017. We employed the Pool Mean Group estimation procedure with the inference drawn at a 5% level of significance. We found that oil price volatility had a negative and significant effect on inflation in Africa oil-exporting countries. The study concluded that oil price volatility had a substantial impact on inflation in the Africa oil-exporting countries. The study, therefore, recommended that Africa oil-exporting countries should adopt precautionary measures to monitor inflation potentials due to different responses of inflation to positive and negative oil price shocks.
对石油价格- -通货膨胀关系结果的明显变化提出了各种解释，从可能使用替代能源、较少石油密集部门的产出结构的变化以及受影响的石油出口国财政和货币的作用。这些变化已经引起利益相关者、政府和整个社会对油价波动、通货膨胀和非洲石油出口国产量之间的关系的关注。本研究对1995年至2017年石油价格波动对非洲石油出口国通货膨胀和经济表现的影响进行了实证验证。我们采用了在5%显著性水平下得出推论的Pool Mean Group估计程序。我们发现，石油价格波动对非洲石油出口国的通货膨胀有显著的负面影响。该研究的结论是，石油价格波动对非洲石油出口国的通货膨胀有重大影响。因此，这项研究建议非洲石油出口国应采取预防措施，监测由于通货膨胀对正的和负的石油价格冲击的不同反应而产生的通货膨胀可能性。
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