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Erschienen in:

20.09.2021

Inflation and growth: the role of institutions

verfasst von: Hakan Yilmazkuday

Erschienen in: Journal of Economics and Finance | Ausgabe 1/2022

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Abstract

This paper investigates the effects of inflation on per capita income growth for 36 developed and developing countries by using structural vector autoregression models that are robust to the consideration of endogeneity by construction. The results show evidence for heterogeneity of such effects across countries that are shown to be further connected to the strength of their institutions. While the effects of inflation on growth are negative and significant in countries with stronger institutions, they are positive and significant in countries with weaker institutions.

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1
The number of lags, which is one year, has been determined by comparing the log 10 of the marginal likelihood of the estimated models with one to ten lags.
 
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Metadaten
Titel
Inflation and growth: the role of institutions
verfasst von
Hakan Yilmazkuday
Publikationsdatum
20.09.2021
Verlag
Springer US
Erschienen in
Journal of Economics and Finance / Ausgabe 1/2022
Print ISSN: 1055-0925
Elektronische ISSN: 1938-9744
DOI
https://doi.org/10.1007/s12197-021-09563-7

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