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https://hdl.handle.net/10419/65809
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DC Field | Value | Language |
---|---|---|
dc.contributor.author | Gillman, Max | en |
dc.contributor.author | Harris, Mark N. | en |
dc.date.accessioned | 2010-02-24 | - |
dc.date.accessioned | 2012-11-02T14:29:12Z | - |
dc.date.available | 2012-11-02T14:29:12Z | - |
dc.date.issued | 2008 | - |
dc.identifier.uri | http://hdl.handle.net/10419/65809 | - |
dc.description.abstract | 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. | en |
dc.language.iso | eng | en |
dc.publisher | |aCardiff University, Cardiff Business School |cCardiff | en |
dc.relation.ispartofseries | |aCardiff Economics Working Papers |xE2008/25 | en |
dc.subject.jel | C23 | en |
dc.subject.jel | E44 | en |
dc.subject.jel | O16 | en |
dc.subject.jel | O42 | en |
dc.subject.ddc | 330 | en |
dc.subject.keyword | growth | en |
dc.subject.keyword | transition | en |
dc.subject.keyword | panel data | en |
dc.subject.keyword | inflation | en |
dc.subject.keyword | money demand | en |
dc.subject.keyword | endogeneity | en |
dc.subject.stw | Geldpolitik | en |
dc.subject.stw | Inflation | en |
dc.subject.stw | Wirtschaftswachstum | en |
dc.subject.stw | Panel | en |
dc.subject.stw | Transformationsstaaten | en |
dc.title | The effect of inflation on growth: Evidence from a panel of transition countries | - |
dc.type | Working Paper | en |
dc.identifier.ppn | 588141216 | en |
dc.rights | http://www.econstor.eu/dspace/Nutzungsbedingungen | en |
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