Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/65809 
Erscheinungsjahr: 
2008
Schriftenreihe/Nr.: 
Cardiff Economics Working Papers No. E2008/25
Verlag: 
Cardiff University, Cardiff Business School, Cardiff
Zusammenfassung: 
The 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.
Schlagwörter: 
growth
transition
panel data
inflation
money demand
endogeneity
JEL: 
C23
E44
O16
O42
Dokumentart: 
Working Paper

Datei(en):
Datei
Größe
251.58 kB





Publikationen in EconStor sind urheberrechtlich geschützt.