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Inflation is one of the most challenging macroeconomic objectives capable of frustrating every pragmatic effort at … achieving other macroeconomics goals if not curtailed. To this end, the paper empirically examines the threshold inflation rate … a least square multivariate approach to estimate a threshold level of inflation. Further, error correction modeling (ECM …
Persistent link: https://www.econbiz.de/10009705751
Persistent link: https://www.econbiz.de/10009657052
Luetkephol (2000) cointegration approach is then employed to determine the long-run drivers of economic growth. This … cointegration technique accommodates potential structural breaks that could undermine the existence of a long-run relationship …
Persistent link: https://www.econbiz.de/10014215537
consumer price index inflation rates for most economies. While many Asian economies have benefited from low international oil …
Persistent link: https://www.econbiz.de/10011621249
The study investigated the impacts of government expenditure and inflation rate on economic growth in Nigeria from 1981 … government expenditure and inflation contributed significantly to shocks in the real gross domestic product. The central focus of …
Persistent link: https://www.econbiz.de/10011618774
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
This paper investigates the relationship between the Great Moderation and two measures of inflation performance: trend … inflation and inflation volatility. Using annual data from 1970 to 2011 for a large panel of 180 developed and developing … empirical findings show that the effect of inflation volatility is positive, while the effect of trend inflation is negative …
Persistent link: https://www.econbiz.de/10010346738
This paper re-examines the issue of the existence and the level of inflation threshold in the relationship between … inflation and growth in Nigeria, using three different approaches that provide appropriate procedures for estimating the … well identified by the data, the technique of Khan and Senhadji (2001) identifies a 10.5 per cent inflation threshold as …
Persistent link: https://www.econbiz.de/10011477127
The main objective of this study is to empirically examine the relationship between inflation and economic growth in … relationship between inflation and GDP growth is non-linear with a subsistence of a breakpoint, which means the inverted U …-shape curve. Moreover, the Granger Causality shows that economic growth does granger cause inflation. The empirical result …
Persistent link: https://www.econbiz.de/10013239116