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The objective of this study was to shed new light on the non-linear effects of inflation and the inflation thresholds … countries in order to see if there are any differences in the empirical linkage between inflation and long-term growth. For the … full sample of African countries, the empirical evidence showed that inflation hampered growth if it exceeds 11.1 percent …
Persistent link: https://www.econbiz.de/10011956540
We introduce a dynamic panel threshold model to shed new light on the impact of inflation on long-term economic growth … industrialized countries, our results confirm the inflation targets of about 2% set by many central banks. For non …-industrialized countries, we estimate that inflation hampers growth if it exceeds 17%. Below this threshold, however, the impact of inflation …
Persistent link: https://www.econbiz.de/10003871757
We introduce a dynamic panel threshold model to shed new light on the impact of inflation on long-term economic growth … industrialized countries, our results confirm the inflation targets of about 2% set by many central banks. For non …-industrialized countries, we estimate that inflation hampers growth if it exceeds 17%. Below this threshold, however, the impact of inflation …
Persistent link: https://www.econbiz.de/10003876000
In this paper we analyse the short- and long-run relationship between employment growth, inflation and output growth in … growth, inflation and output growth with bidirectional causality between employment growth and inflation as well as output …
Persistent link: https://www.econbiz.de/10009162091
In this paper we analyse the short- and long-run relationship between employment growth, inflation and output growth in … growth, inflation and output growth with bidirectional causality between employment growth and inflation as well as output … growth, giving support to Phillips' Golden Triangle theory. -- Employment Growth ; Inflation ; Output Growth ; Golden …
Persistent link: https://www.econbiz.de/10009487899
In this paper we analyse the short- and long-run relationship between employment growth, inflation and output growth in … growth, inflation and output growth with bidirectional causality between employment growth and inflation as well as output …
Persistent link: https://www.econbiz.de/10013092691
This paper investigates the existence of a threshold level for inflation and how any such level affects the growth of … observe a nonlinear relationship between inflation and economic growth for 32 Asian countries over the period 1980–2009. We … detect an inflation threshold of approximately 5.43%, at a 1% level of significance. We find that inflation hurts growth when …
Persistent link: https://www.econbiz.de/10010868913
In this paper we analyse the short- and long-run relationship between employment growth, inflation and output growth in … growth, inflation and output growth with bidirectional causality between employment growth and inflation as well as output …
Persistent link: https://www.econbiz.de/10014042997
The study provides estimates of the threshold level of inflation for Russia based on panel threshold models. This paper …’s aim is to estimate the «optimal» level of inflation and to determine the number of thresholds for Russia within, unlike … ratio test to verify which model specification is optimal. The results indicate that the target inflation rate of 4% in …
Persistent link: https://www.econbiz.de/10014095836
This paper investigates the nonlinear impact of inflation on growth using a balanced panel data set of Southern African … observed that economic growth is impacted differently at low and high inflation levels. At a low level of inflation, the study … found a positive and significant impact of inflation on economic growth. Economic growth is inflation-inducing below the …
Persistent link: https://www.econbiz.de/10014243300