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Inflation and Economic Growth: A Dynamic Panel Threshold Analysis for Asian Economies
https://doi.org/10.24545/00001104
https://doi.org/10.24545/00001104a33c3002-a4d5-46da-95d0-1fd3278b38fc
| 名前 / ファイル | ライセンス | アクション |
|---|---|---|
DP12-17.pdf (349.5 kB)
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| Item type | ディスカッションペーパー / Discussion Paper(1) | |||||||
|---|---|---|---|---|---|---|---|---|
| 公開日 | 2013-01-25 | |||||||
| タイトル | ||||||||
| タイトル | Inflation and Economic Growth: A Dynamic Panel Threshold Analysis for Asian Economies | |||||||
| 言語 | en | |||||||
| 言語 | ||||||||
| 言語 | eng | |||||||
| キーワード | ||||||||
| 主題Scheme | Other | |||||||
| 主題 | Dynamic panel threshold model | |||||||
| キーワード | ||||||||
| 主題Scheme | Other | |||||||
| 主題 | economic growth | |||||||
| キーワード | ||||||||
| 主題Scheme | Other | |||||||
| 主題 | inflation | |||||||
| キーワード | ||||||||
| 主題Scheme | Other | |||||||
| 主題 | inflation thresholds | |||||||
| 資源タイプ | ||||||||
| 資源タイプ | technical report | |||||||
| ID登録 | ||||||||
| ID登録 (DOI) | 10.24545/00001104 | |||||||
| ID登録タイプ | JaLC | |||||||
| 著者 |
VINAYAGATHASAN, Thanabalasingam
× VINAYAGATHASAN, Thanabalasingam
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| 著者所属 | ||||||||
| 値 | 政策研究大学院大学 / National Graduate Institute for Policy Studies | |||||||
| 分野 | ||||||||
| 内容記述タイプ | Other | |||||||
| 内容記述 | 経済学 / Economics | |||||||
| 抄録 | ||||||||
| 内容記述タイプ | Abstract | |||||||
| 内容記述 | This paper investigates the existence of a threshold level for inflation and how any such level affects the growth of Asian economies. We used dynamic panel threshold growth regression, which allowed us to work with fixed effect and endogeneity issues. We observed a nonlinear relationship between inflation and economic growth for 32 Asian countries over the period 1980–2009. We detected an inflation threshold of approximately 5.43%, at a 1% level of significance. We found that inflation hurts growth when it exceeds 5.43% but has no effect below this level. Different estimation methods determined that the effect of inflation on growth is robust. Our findings may be useful to central banks as a guide for inflation targeting. | |||||||
| 内容記述 | ||||||||
| 内容記述タイプ | Other | |||||||
| 内容記述 | JEL Classification Codes: C23, O40, E31 | |||||||
| 発行年 | ||||||||
| 値 | 2013-01 | |||||||
| 書誌情報 |
en : GRIPS Discussion Papers Report No. DP12-17, 発行日 2013-01-25 |
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| 出版者 | ||||||||
| 出版者 | GRIPS Policy Research Center | |||||||
| 言語 | en | |||||||
| 著者版フラグ | ||||||||
| 出版タイプ | AM | |||||||
| 出版タイプResource | http://purl.org/coar/version/c_ab4af688f83e57aa | |||||||
