Kim, Sangho; Lim, Hyunjoon; Park, Donghyun - In: Applied Economics 45 (2013) 16, pp. 2183-2190
We investigate Granger causality between productivity growth and inflation in Korea using quarterly data for the period 1985Q1--2002Q4. Our results indicate unidirectional Granger causality from productivity growth to inflation. In light of such causality, we estimate the effect of productivity...