Başçı, Erdem; Başçı, Sıdıka - In: International econometric review 13 (2021) 3, pp. 59-70
In this paper, we analyze the relationship between nominal and real GDP growth for G7 countries for the period 1971 … - 2018. A visual inspection of the data indicates the presence of a threshold, above which the structure of the relationship … between nominal and real GDP growth rates changes from a positive one to a flat one. Moreover, the volatility of real growth …