Threshold effects of inflation on economic growth in developing countries

Alexander Bick

doi:10.1016/j.econlet.2010.04.040

Threshold effects of inflation on economic growth in developing countries

Alexander Bick

Research output: Contribution to journal › Article › peer-review

118 Scopus citations

Abstract

This paper introduces a generalized panel threshold model by allowing for regime intercepts. The empirical application to the relation between inflation and growth confirms that the omitted variable bias of standard panel threshold models can be statistically and economically significant.

Original language	English (US)
Pages (from-to)	126-129
Number of pages	4
Journal	Economics Letters
Volume	108
Issue number	2
DOIs	https://doi.org/10.1016/j.econlet.2010.04.040
State	Published - Aug 2010
Externally published	Yes

Keywords

Economic growth
Inflation thresholds
Panel threshold model

ASJC Scopus subject areas

Finance
Economics and Econometrics

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10.1016/j.econlet.2010.04.040

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title = "Threshold effects of inflation on economic growth in developing countries",

abstract = "This paper introduces a generalized panel threshold model by allowing for regime intercepts. The empirical application to the relation between inflation and growth confirms that the omitted variable bias of standard panel threshold models can be statistically and economically significant.",

keywords = "Economic growth, Inflation thresholds, Panel threshold model",

author = "Alexander Bick",

note = "Funding Information: I thank Bruce Hansen and Dieter Nautz for helpful comments and suggestions. Stephanie Kremer provided excellent research assistance. Financial support by the Monetary Stability Foundation is gratefully acknowledged. Copyright: Copyright 2010 Elsevier B.V., All rights reserved.",

year = "2010",

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N1 - Funding Information: I thank Bruce Hansen and Dieter Nautz for helpful comments and suggestions. Stephanie Kremer provided excellent research assistance. Financial support by the Monetary Stability Foundation is gratefully acknowledged. Copyright: Copyright 2010 Elsevier B.V., All rights reserved.

PY - 2010/8

Y1 - 2010/8

N2 - This paper introduces a generalized panel threshold model by allowing for regime intercepts. The empirical application to the relation between inflation and growth confirms that the omitted variable bias of standard panel threshold models can be statistically and economically significant.

AB - This paper introduces a generalized panel threshold model by allowing for regime intercepts. The empirical application to the relation between inflation and growth confirms that the omitted variable bias of standard panel threshold models can be statistically and economically significant.

KW - Economic growth

KW - Inflation thresholds

KW - Panel threshold model

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JO - Economics Letters

JF - Economics Letters

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Threshold effects of inflation on economic growth in developing countries

Abstract

Keywords

ASJC Scopus subject areas

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