Plausibly Exogenous [875] - Inflation (06/12/2022)

LHS Variable
Inflation

RHS Variable
Openness to international trade

Source of Exogenous Variation
GDP growth rates from the economies of OECD + China + India (Sub-Saharan Africa’s most important trade partners) as an instrument for international trade openness of SSA economies

- Lin, Mei, Wang, and Yao (2017), “Romer was right on openness and inflation: Evidence from Sub-Saharan Africa”