The Effect of Oil Price Shocks on Inflation in Tanzania - an Autoregressive Distributed Lag and Vector Autoregressive Approach
Abstract: The import for oil in the whole world and particularly in Tanzania is heavily increasing due to the increasing number of cars, motorcycles, industries, and other machines for their operations. However, the imported oil has been going along with the imported inflation in the country. It is well known that a strong and stable inflation influences the economic growth of a country since it inspires investments, and enhances the consumers to afford purchasing of goods and service a...