Inflation and Economic Growth: Evidence from the <scp>S</scp>outhern <scp>A</scp>frican <scp>D</scp>evelopment <scp>C</scp>ommunity

Bittencourt, Manoel; Eyden, Reneé van; Seleteng, Monaheng

doi:10.1111/saje.12075

Cited by 40 publications

(40 citation statements)

References 48 publications

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“…Moreover, the inflation rate found to be a negative relationship with economic growth. The result of inflation agrees with the previous studies by Bittencourt, Van Eyden, and Seleteng (2015), which also reveals that the inflation rate has unfavorable effects on the country's economic growth rate. Estimated results of money supply indicate a positive association with the rate of economic growth of the country.…”

Section: Discussion and Implicationsupporting

confidence: 91%

The Impact of Foreign Direct Investment, Capital Formation, Inflation, Money Supply and Trade Openness on Economic Growth of Asian Countries

Yang

Shafiq

2020

iRASD J. Eco.

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Economic growth is currently an essential phenomenon for emerging countries worldwide and has gained the researchers' intentions. Thus, the current study aims to examine the role of foreign direct investment (FDI), capital formation, inflation, money supply, and trade openness on the economic growth of Asian countries. The data has been extracted from the twenty emerging Asian countries from 2007 to 2018 using the most popular database named World Development Indicators (WDI). The fixed-effects model, along with the robust standard error, has been used for checking the impact of predictors on the economic growth of Asian countries. The results revealed that the predictors such as FDI, capital formation, money supply, and trade openness have positive association with economic growth, while inflation has a negative association with the economic growth of Asian countries. These findings are suitable for the new arrivals who want to examine this area in the future and for the regular traders who want to develop policies related to economic growth.

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Section: Discussion and Implicationsupporting

confidence: 91%

The Impact of Foreign Direct Investment, Capital Formation, Inflation, Money Supply and Trade Openness on Economic Growth of Asian Countries

Yang

Shafiq

2020

iRASD J. Eco.

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“…The results for the control variables are consistent with the standard literature. For instance, coefficient estimates of polstab it and enroll it are in accordance with those of Easterly and Levine (1997), Aisen and Veiga (2013), and Bittencourt, Eyden, and Seleteng (2015).…”

Section: Resultssupporting

confidence: 69%

Inflation‐growth nexus in developing economies: New empirical evidence from a disaggregated approach

Ayyoub

Wörz

2019

Int. J Fin Econ

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This study challenges the traditional way of examining the "inflation-output growth nexus". Research at the aggregate level yields mostly ambiguous results, we perform a dis-aggregated analysis of output growth and inflation. For each sector-industry, services and agriculture-we consider inflation and the value-added growth in a sample of 113 developing (low and middle income) economies over the period 1974-2013. Empirical investigation reveals that different sectors of the economy respond differently to various impulses of inflation. Specifically, inflation impacts the growth of industrial and services sectors negatively; whereas a growth enhancing relationship has been found for the agriculture sector. We further calculated a threshold level, for each sector, beyond which inflation is harmful to growth. These are 13.48 %, 14.48 %, 15.37 % and 40 % for aggregate GDP, industrial, services and agriculture sectors respectively. This implies that the central banks of developing economies must weigh the varying consequences of its actions on individual sectors bearing in mind each sector's share in the respective economy.

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“…Moreover, evidence shows that in both fast-growing and slow-growing Sub-Saharan African countries, high inflation rates tend to exert a negative influence on economic growth (see Bittencourt et al, 2015). In this regard, the inflation rate is expected to be negatively related to economic growth.…”

Section: Empirical Model Specificationmentioning

confidence: 99%

Trade Openness and Economic Growth: Empirical Evidence from Lesotho

Malefane

Odhiambo

2019

Global Business Review

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This paper examines the dynamic impact of trade openness on economic growth in Lesotho using the autoregressive distributed lag (ARDL) bounds testing approach. The study employs four indicators of trade openness, which include three trade-based proxies and an index of trade openness. The empirical results of this study show that trade openness has no significant impact on economic growth in both the short run and long run irrespective of which proxy of trade openness is used. These empirical results have important policy implications for Lesotho. Among others, this study suggests that the policymakers adopt policies aimed at boosting human capital and infrastructural development so that the economy grows to a threshold level required to reap the benefits of trade openness in its various forms. The policymakers should also pursue policies that enable the expansion in both international trade and economic growth, such that beneficial growth effects can be realized from trade with no exclusions.

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Inflation and Economic Growth: Evidence from the Southern African Development Community

Cited by 40 publications

References 48 publications

The Impact of Foreign Direct Investment, Capital Formation, Inflation, Money Supply and Trade Openness on Economic Growth of Asian Countries

The Impact of Foreign Direct Investment, Capital Formation, Inflation, Money Supply and Trade Openness on Economic Growth of Asian Countries

Inflation‐growth nexus in developing economies: New empirical evidence from a disaggregated approach

Trade Openness and Economic Growth: Empirical Evidence from Lesotho

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