Non-linearity between inflation and economic growth: What lessons for the BEAC Zone? (notice n° 470600)
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| fixed length control field | 01480cam a2200205 4500500 |
| 005 - DATE AND TIME OF LATEST TRANSACTION | |
| control field | 20250121054555.0 |
| 041 ## - LANGUAGE CODE | |
| Language code of text/sound track or separate title | fre |
| 042 ## - AUTHENTICATION CODE | |
| Authentication code | dc |
| 100 10 - MAIN ENTRY--PERSONAL NAME | |
| Personal name | Mondjeli Mwa Ndjokou, Itchoko Motande |
| Relator term | author |
| 245 00 - TITLE STATEMENT | |
| Title | Non-linearity between inflation and economic growth: What lessons for the BEAC Zone? |
| 260 ## - PUBLICATION, DISTRIBUTION, ETC. | |
| Date of publication, distribution, etc. | 2018.<br/> |
| 500 ## - GENERAL NOTE | |
| General note | 96 |
| 520 ## - SUMMARY, ETC. | |
| Summary, etc. | The purpose of this paper is to estimate the optimal inflation rate, defined as the threshold level below and above which inflation affects economic growth, from the experience of the BEAC1. For this purpose, we use panel data over the period 1985-2013. Relying upon the estimation of Panel Smooth Transition Regression (PSTR) model inspired from González et al. (2005), our main findings are the following. (i) The optimal inflation rate is around 4.3%. (ii) Below the threshold, an increase of 1% of inflation enhances growth by 0.28 %. Over the threshold, a one percent increase in inflation leads to a reduction of 0.26% in growth. These results are robust with respect to sensitivity analyses and GMM estimation.JEL Codes: E31, C23. |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | PSTR model |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | Inflation-growth relation |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | Optimal inflation threshold |
| 700 10 - ADDED ENTRY--PERSONAL NAME | |
| Personal name | Tsopmo, Pierre Christian |
| Relator term | author |
| 786 0# - DATA SOURCE ENTRY | |
| Note | Revue d’économie du développement | 25 | 2 | 2018-04-24 | p. 41-62 | 1245-4060 |
| 856 41 - ELECTRONIC LOCATION AND ACCESS | |
| Uniform Resource Identifier | <a href="https://shs.cairn.info/journal-revue-d-economie-du-developpement-2017-2-page-41?lang=en&redirect-ssocas=7080">https://shs.cairn.info/journal-revue-d-economie-du-developpement-2017-2-page-41?lang=en&redirect-ssocas=7080</a> |
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