On the Non-linear Relationship between Inflation and Economic Growth

TitreOn the Non-linear Relationship between Inflation and Economic Growth
Type de publicationArticle de revue
AuteurEggoh, Comlanvi , Khan, M.
EditeurElsevier
TypeArticle scientifique dans une revue à comité de lecture
Année2014
LangueAnglais
Date2014
Numéro2
Pagination133 - 143
Volume68
Titre de la revueResearch in Economics
ISSN1090-9443
Mots-clésDynamic GMM, growth, Inflation, nonlinearity, PSTR
Résumé en anglais

Using a large panel data set from both developed and developing economies and employing the PSTR and dynamic GMM techniques, this study highlights two aspects of the inflation–growth relationship. First, it analyzes the nonlinearity of the relationship and identifies several thresholds for the global sample and for various income-specific sub-samples. Second, it identifies some country-based macroeconomic features that influence this nonlinearity. Our empirical results substantiate both views and validate the fact that inflation–growth nonlinearity is sensitive to a country׳s level of financial development, capital accumulation, trade openness and government expenditures. Moreover, these country-specific characteristics result in some marked differences in this nonlinear relationship.

URL de la noticehttp://okina.univ-angers.fr/publications/ua10710
DOI10.1016/j.rie.2014.01.001
Lien vers le document

http://dx.doi.org/10.1016/j.rie.2014.01.001