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dc.contributor.authorGillman, Maxen_US
dc.contributor.authorHarris, Mark N.en_US
dc.date.accessioned2010-02-24en_US
dc.date.accessioned2012-11-02T14:29:12Z-
dc.date.available2012-11-02T14:29:12Z-
dc.date.issued2008en_US
dc.identifier.urihttp://hdl.handle.net/10419/65809-
dc.description.abstractThe paper examines the effect of inflation on growth in transition countries. It presents panel data evidence for 13 transition countries over the 1990-2003 period; it uses a fixed effects, full-information maximum likelihood, panel approach to account for possible bias from correlations among the unobserved effects and the observed country heterogeniety. The results find a strong, robust, negative effect on growth, and one that declines in magnitude as the inflation rate increases. These results include a role for a normalized money demand, by itself and as part of a nonlinearity in the inflation-growth effect. And these results derive from both a baseline single equation model and one that is then expanded into a three equation simultaneous system. This allows for possible simultaneity bias in the baseline model.en_US
dc.language.isoengen_US
dc.publisherCardiff University, Cardiff Business School Cardiffen_US
dc.relation.ispartofseriesCardiff Economics Working Papers E2008/25en_US
dc.subject.jelC23en_US
dc.subject.jelE44en_US
dc.subject.jelO16en_US
dc.subject.jelO42en_US
dc.subject.ddc330en_US
dc.subject.keywordgrowthen_US
dc.subject.keywordtransitionen_US
dc.subject.keywordpanel dataen_US
dc.subject.keywordinflationen_US
dc.subject.keywordmoney demanden_US
dc.subject.keywordendogeneityen_US
dc.subject.stwGeldpolitiken_US
dc.subject.stwInflationen_US
dc.subject.stwWirtschaftswachstumen_US
dc.subject.stwPanelen_US
dc.subject.stwTransformationsstaatenen_US
dc.titleThe effect of inflation on growth: Evidence from a panel of transition countriesen_US
dc.typeWorking Paperen_US
dc.identifier.ppn588141216en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
Appears in Collections:Cardiff Economics Working Papers, Cardiff Business School, Cardiff University

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