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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
developed here to test for unit roots in OECD panels of gross domestic products and inflation rates, yielding inference robust … to the `Great Moderation.' We find little evidence of trend stationarity, and mixed evidence regarding inflation …
Persistent link: https://www.econbiz.de/10010343777
stationarity, and mixed evidence regarding inflation stationarity. …
Persistent link: https://www.econbiz.de/10009779045
A utilitarian measure of economic growth combines changes in the distribution of income with changes in real income per person to show how much better off people are becoming over time. It is the rate of growth of the dollar value of average utility of income. As such , it is seen differently by...
Persistent link: https://www.econbiz.de/10011433520
The main objective of this study is to investigate the effect of interest rate, inflation rate, and GDP on real …, and inflation level) is employed. Study adopted Johansen test. Findings indicated that both trace test and max eigenvalue … inflation causes interest rate. On the other hand all other variables are independent with each other. Regressionwas conducted …
Persistent link: https://www.econbiz.de/10009755676
We estimate the elasticity of the long-run relationship between energy consumption and GDP for 10 countries in Latin America from 1971 to 2007. We employ Pedroni's (1999, 2004) panel cointegration test to determine if such a long-run relationship exists. Westerlund's (2006) cointegration test...
Persistent link: https://www.econbiz.de/10013030212
containing information on real economic activity, inflation, interest rates and Divisia monetary aggregates produces the most …
Persistent link: https://www.econbiz.de/10010401309
This paper surveys and examines the sources of fluctuations in inflation and output in Turkey. Using a dynamic open … indicate that inflation is driven by monetary and real demand disturbances while output is mainly driven by aggregate supply … disturbances. The historical decomposition shows that a substantial portion of inflation is aggregate demand-driven core inflation …
Persistent link: https://www.econbiz.de/10014127433
"harmful inflation" regime for higher nominal GDP growth rates, these results have strong implications for guiding recent …
Persistent link: https://www.econbiz.de/10012816136
and inflation in the member countries. Stress in a country is defined as the difference between the country's actual short …
Persistent link: https://www.econbiz.de/10013317182