Inflation-growth nexus : evidence from a pooled CCE multiple-regime panel smooth transition model

dc.contributor.authorOmay, Tolga
dc.contributor.authorVan Eyden, Renee
dc.contributor.authorGupta, Rangan
dc.contributor.emailrenee.vaneyden@up.ac.zaen_ZA
dc.date.accessioned2018-05-03T13:01:27Z
dc.date.issued2018-05
dc.description.abstractThis paper analyses the empirical relationship between inflation and growth using a panel data estimation technique, multiple-regime panel smooth transition regression, which takes into account the nonlinearities in the data. By using a panel data set for 10 countries in the Southern African Development Community permitting us to control for unobserved heterogeneity at both country and time levels, we find that a statistically significant negative relationship exists between inflation and growth for inflation rates above the critical threshold levels of 12 and 32% which are endogenously determined. Furthermore, we remedy the cross-section dependence with the common correlated effects estimator.en_ZA
dc.description.departmentEconomicsen_ZA
dc.description.embargo2019-05-01
dc.description.librarianhj2018en_ZA
dc.description.urihttps://link.springer.com/journal/181en_ZA
dc.identifier.citationOmay, T., van Eyden, R. & Gupta, R. Inflation–growth nexus: evidence from a pooled CCE multiple-regime panel smooth transition model. Empirical Economics (2018) 54: 913-944, https://doi.org/10.1007/s00181-017-1237-2.en_ZA
dc.identifier.issn0377-7332 (print)
dc.identifier.issn1435-8921 (online)
dc.identifier.other10.1007/s00181-017-1237-2
dc.identifier.urihttp://hdl.handle.net/2263/64769
dc.language.isoenen_ZA
dc.publisherSpringeren_ZA
dc.rights© Springer-Verlag Berlin Heidelberg 2017. The original publication is available at : https://link.springer.com/journal/181.en_ZA
dc.subjectInflationen_ZA
dc.subjectGrowthen_ZA
dc.subjectThreshold effectsen_ZA
dc.subjectCross-section dependenceen_ZA
dc.subjectThreshold autoregressive modelen_ZA
dc.subjectLeast-squares estimatoren_ZA
dc.subjectUnit rooten_ZA
dc.subjectHeterogeneous panelen_ZA
dc.subjectRegression approachen_ZA
dc.subjectEconomic growthen_ZA
dc.subjectTax evasionen_ZA
dc.subjectInferenceen_ZA
dc.subjectMultiple-regime panel smooth transition regression (MR-PSTR)en_ZA
dc.subjectSouthern African Development Community (SADC)en_ZA
dc.subjectCommon correlated effects (CCE)en_ZA
dc.titleInflation-growth nexus : evidence from a pooled CCE multiple-regime panel smooth transition modelen_ZA
dc.typePostprint Articleen_ZA

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