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This paper surveys the existing literature on the relationship between inflation and economic growth in developed and … developing countries, highlighting the theoretical and empirical indications. The study finds that the impact of inflation on … overwhelming support in favour of a negative relationship between inflation and growth, especially in developed economies. However …
Persistent link: https://www.econbiz.de/10011875376
The impact of financial development (FD) on economic growth (EG) is well documented. However, studies on how inflation … mediates the impact of FD on EG produce inconclusive findings. Meanwhile, the tripartite relationship among FD, inflation and … policy making. This study therefore re-examines whether inflation mediates the FD–EG nexus by utilizing a panel data obtained …
Persistent link: https://www.econbiz.de/10013431455
Deficit financing seems to present a positive inflationary impact on developing economies particularly Nigeria. When there is a budget deficit, government finds ways of financing the deficit through borrowing from commercial and merchant banks or from the non-banking public and through the issue...
Persistent link: https://www.econbiz.de/10012770286
Fears of deflation in the euro area intensified in early 2014. Low or negative inflation in several euro-area countries …
Persistent link: https://www.econbiz.de/10013025563
the effects of monetary policy depend on the level of development. In particular, inflation adversely affects capital …
Persistent link: https://www.econbiz.de/10010580493
of this analysis is that the model overestimates output persistence in high inflation countries and underestimates output … persistence in low inflation countries. This has important implications not only for this model, but also for any economist …
Persistent link: https://www.econbiz.de/10008672455
This paper examines Papua New Guinea's economic growth record within a simple growth ccounting framework. The analysis shows that reductions in growth are mostly accounted for by a significant slowdown in capital inputs and lower total factor productivity growth. On average, no productivity...
Persistent link: https://www.econbiz.de/10013138043
This paper has examined Papua New Guinea's historical economic growth patterns through a simple growth accounting framework. The analysis shows that swings in growth are mostly accounted for by a significant slowdown in capital input and lower Total Factor Productivity (TFP) growth. It also...
Persistent link: https://www.econbiz.de/10012779887
Persistent link: https://www.econbiz.de/10013171463
Persistent link: https://www.econbiz.de/10012201683