Inflation thresholds and growth
Yilmazkuday, Hakan
Inflation thresholds and growth created by Hakan Yilmazkuday - International economic journal Volume 27, number 2 .
This paper investigates inflation thresholds that lead to higher growth rates using five-year averages of standard variables for 84 countries from 1965 to 2004. The historical experience has important policy implications for developing countries: (i) the catch-up effect has worked only when inflation is below 12%; (ii) the positive effect of human capital on growth has been present and significant when inflation has been below 15%; (iii) financial development has been effective only when inflation has been below 10%; (iv) government size has negatively affected growth when inflation has been below 10%; (v) trade has positively affected growth when inflation has been below 8%.
10168737
Financial development--Thresholds, Inflation--Economic growth
HB1A1 INT
Inflation thresholds and growth created by Hakan Yilmazkuday - International economic journal Volume 27, number 2 .
This paper investigates inflation thresholds that lead to higher growth rates using five-year averages of standard variables for 84 countries from 1965 to 2004. The historical experience has important policy implications for developing countries: (i) the catch-up effect has worked only when inflation is below 12%; (ii) the positive effect of human capital on growth has been present and significant when inflation has been below 15%; (iii) financial development has been effective only when inflation has been below 10%; (iv) government size has negatively affected growth when inflation has been below 10%; (v) trade has positively affected growth when inflation has been below 8%.
10168737
Financial development--Thresholds, Inflation--Economic growth
HB1A1 INT