Does Government Spending Have a Role in Inflation-Growth Nexus? – Evidence from a Dynamic Time Series Threshold Analysis in Egypt
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MURTHY, E N APPLIED ECONOMICSSummary: Empirical evidence has indicated that there exists a threshold level of inflation, above which economic growth is hindered. Previous literature has shown that this level is around 1-3% in developed countries and 7-11% in developing countries. This paper tries to investigate the relationship between economic growth and inflation in Egypt by estimating the threshold inflation level during the period 1961-2016. As the paper fails to obtain any optimal rate of inflation and this result is in line with those obtained by most studies in the literature, the paper further examines the role of government spending in explaining the nature of the relationship between inflation and economic growth in Egypt.
| Item type | Current library | Call number | Vol info | Status | Notes | Date due | Barcode | Item holds | |
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Journal Article
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Main Library | Vol 17, No 3/ 5559332JA4 (Browse shelf(Opens below)) | Available | 5559332JA4 | |||||
Journals and Periodicals
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Main Library On Display | JOURNAL/ECO/Vol 17, No 3/5559332 (Browse shelf(Opens below)) | Vol 17, No 3 (21/09/2018) | Not for loan | July, 2018 | 5559332 |
Empirical evidence has indicated that there exists a threshold level of inflation, above which economic growth is hindered. Previous literature has shown that this level is around 1-3% in developed countries and 7-11% in developing countries. This paper tries to investigate the relationship between economic growth and inflation in Egypt by estimating the threshold inflation level during the period 1961-2016. As the paper fails to obtain any optimal rate of inflation and this result is in line with those obtained by most studies in the literature, the paper further examines the role of government spending in explaining the nature of the relationship between inflation and economic growth in Egypt.
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