The inflation-growth nexus in India: an empirical analysis

被引：27
|
作者：
Singh, K
Kalirajan, K
机构：
[1] Fdn Adv Studies Int Dev, Shinjyuku Ku, Tokyo 1628677, Japan
[2] Natl Council Appl Econ Res, New Delhi, India
[3] Australian Natl Univ, Canberra, ACT, Australia
来源：
JOURNAL OF POLICY MODELING | 2003年 / 25卷 / 04期
关键词：
inflation; economic growth; threshold inflation; India;
D O I：
10.1016/S0161-8938(03)00011-5
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
Given the growing concern, particularly in the EMU area that excessively low inflation threshold may hurt economic growth, the objective of this study is to examine whether a developing countries perspective is different. The empirical analysis is done using the annual data from India for the period of 1971-1998. A specific question that is addressed in this paper is what is the threshold inflation rate for India. The findings clearly suggest that the increase in inflation from any level has negative effect on economic growth and substantial gains can be obtained by focusing the monetary policy towards maintaining price stability. (C) 2003 Society for Policy Modeling. Published by Elsevier Science Inc. All rights reserved.
引用
收藏
页码：377 / 396
页数：20
相关论文
共 50 条
  • [21] Inflation and Economic Growth in China:An Empirical Analysis
    Jen-Te Hwang
    China & World Economy, 2011, 19 (05) : 67 - 84
  • [22] Inflation and the finance-growth nexus
    Huang, Ho-Chuan
    Lin, Shu-Chin
    Kim, Dong-Hyeon
    Yeh, Chih-Chuan
    ECONOMIC MODELLING, 2010, 27 (01) : 229 - 236
  • [23] Why persistent high inflation impedes growth? An empirical assessment of threshold level of inflation for India
    Pattanaik, Sitikantha
    Nadhanael, G., V
    MACROECONOMICS AND FINANCE IN EMERGING MARKET ECONOMIES, 2013, 6 (02) : 204 - 220
  • [24] INFLATION-INDUSTRIAL GROWTH NEXUS IN INDIA - A REVISIT THROUGH CONTINUOUS WAVELET TRANSFORM
    Dar, Arif Billah
    Bhanja, Niyati
    Tiwari, Aviral Kumar
    CENTRAL BANK REVIEW, 2014, 14 (02) : 1 - 11
  • [25] Growth-inflation trade-off - Empirical estimation of threshold rate of inflation for India
    Kannan, R
    Joshi, H
    ECONOMIC AND POLITICAL WEEKLY, 1998, 33 (42-43) : 2724 - 2728
  • [26] The Inflation-Distribution Nexus: A Theoretical and Empirical Approach
    Ribeiro, Rafael S. M.
    D'Amato, Stefan
    Pereira, Wallace M.
    REVIEW OF POLITICAL ECONOMY, 2022, 34 (01) : 146 - 164
  • [27] Non-productive consumption loans and threshold effects in the inflation-growth relationship
    Hung, Fu-Sheng
    OXFORD ECONOMIC PAPERS-NEW SERIES, 2008, 60 (02): : 318 - 342
  • [28] Foreign aid and growth nexus: Empirical evidence from India and Sri Lanka
    Sethi, Narayan
    Bhujabal, Padmaja
    Das, Aurolipsa
    Sucharita, Sanhita
    ECONOMIC ANALYSIS AND POLICY, 2019, 64 : 1 - 12
  • [29] The nexus between stock market and economic activity: an empirical analysis for India
    Padhan, Purna
    INTERNATIONAL JOURNAL OF SOCIAL ECONOMICS, 2007, 34 (10) : 741 - +
  • [30] The Nexus among Globalization, ICT and Economic Growth: An Empirical Analysis
    Liu, Ximei
    Latif, Zahid
    Xiong, Daoqi
    Yang, Mengke
    Latif, Shahid
    Ul Wara, Kaif
    JOURNAL OF INFORMATION PROCESSING SYSTEMS, 2021, 17 (06): : 1044 - 1056
12345