Inflation-growth nexus : evidence from a pooled CCE multiple-regime panel smooth transition model
dc.contributor.author | Omay, Tolga | |
dc.contributor.author | Van Eyden, Renee | |
dc.contributor.author | Gupta, Rangan | |
dc.contributor.email | renee.vaneyden@up.ac.za | en_ZA |
dc.date.accessioned | 2018-05-03T13:01:27Z | |
dc.date.issued | 2018-05 | |
dc.description.abstract | This 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.department | Economics | en_ZA |
dc.description.embargo | 2019-05-01 | |
dc.description.librarian | hj2018 | en_ZA |
dc.description.uri | https://link.springer.com/journal/181 | en_ZA |
dc.identifier.citation | Omay, 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.issn | 0377-7332 (print) | |
dc.identifier.issn | 1435-8921 (online) | |
dc.identifier.other | 10.1007/s00181-017-1237-2 | |
dc.identifier.uri | http://hdl.handle.net/2263/64769 | |
dc.language.iso | en | en_ZA |
dc.publisher | Springer | en_ZA |
dc.rights | © Springer-Verlag Berlin Heidelberg 2017. The original publication is available at : https://link.springer.com/journal/181. | en_ZA |
dc.subject | Inflation | en_ZA |
dc.subject | Growth | en_ZA |
dc.subject | Threshold effects | en_ZA |
dc.subject | Cross-section dependence | en_ZA |
dc.subject | Threshold autoregressive model | en_ZA |
dc.subject | Least-squares estimator | en_ZA |
dc.subject | Unit root | en_ZA |
dc.subject | Heterogeneous panel | en_ZA |
dc.subject | Regression approach | en_ZA |
dc.subject | Economic growth | en_ZA |
dc.subject | Tax evasion | en_ZA |
dc.subject | Inference | en_ZA |
dc.subject | Multiple-regime panel smooth transition regression (MR-PSTR) | en_ZA |
dc.subject | Southern African Development Community (SADC) | en_ZA |
dc.subject | Common correlated effects (CCE) | en_ZA |
dc.title | Inflation-growth nexus : evidence from a pooled CCE multiple-regime panel smooth transition model | en_ZA |
dc.type | Postprint Article | en_ZA |