The Multidimensional Impact of Inflation: A Panel Data Analysis of Socioeconomic Effects in North African Countries

Oumari  Loubna; Adamou Illou  Mohamed; Es-Salmani  Mourad; Es-Sanoun  Mohamed

doi:10.14419/vk7s9x48

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Authors
- Oumari Loubna Faculty of Legal, Economic and Social Sciences, Sidi Mohammed Ben Abdellah University, Fez, Morocco
- Adamou Illou Mohamed Faculty of Legal, Economic and Social Sciences, Sidi Mohammed Ben Abdellah University, Fez, Morocco
- Es-Salmani Mourad Faculty of Legal, Economic and Social Sciences, Sidi Mohammed Ben Abdellah University, Fez, Morocco
- Es-Sanoun Mohamed Faculty of Legal, Economic and Social Sciences, Sidi Mohammed Ben Abdellah University, Fez, Morocco
https://doi.org/10.14419/vk7s9x48

Received date: June 16, 2025

Accepted date: September 23, 2025

Published date: October 7, 2025
Inflation; Investment; Economic Growth; Unemployment; Poverty
Abstract

This article analyzes the macro-social effects of inflation in Morocco, Tunisia, Algeria, Egypt and Mauritania over 1990–2023 using a panel ‎VAR with system-GMM. We document that moderate inflation is associated with higher GDP growth and lower unemployment in the ‎short run, while it depresses real consumption per capita (our poverty proxy), implying higher poverty in the absence of compensating so‎cial policies. Inflation also crowds out investment, consistent with risk and cost channels. These results highlight the need to contain infla‎tion volatility and shield vulnerable households, while preserving a price environment supportive of activity‎.
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Loubna, O. ., Mohamed, A. I. ., Mourad, E.-S. ., & Mohamed , E.-S. . (2025). The Multidimensional Impact of Inflation: A Panel Data Analysis of Socioeconomic Effects in North African Countries. International Journal of Accounting and Economics Studies, 12(6), 220-229. https://doi.org/10.14419/vk7s9x48
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