Does Inflation Slow Long Run Growth in India is popular PDF and ePub book, written by Mr.Kamiar Mohaddes in 2014-12-15, it is a fantastic choice for those who relish reading online the Business & Economics genre. Let's immerse ourselves in this engaging Business & Economics book by exploring the summary and details provided below. Remember, Does Inflation Slow Long Run Growth in India can be Read Online from any device for your convenience.
Does Inflation Slow Long Run Growth in India Book PDF Summary
This paper examines the long-run relationship between consumer price index industrial workers (CPI-IW) inflation and GDP growth in India. We collect data on a sample of 14 Indian states over the period 1989–2013, and use the cross-sectionally augmented distributed lag (CSDL) approach of Chudik et al. (2013) as well as the standard panel ARDL method for estimation—to account for cross-state heterogeneity and dependence, dynamics and feedback effects. Our findings suggest that, on average, there is a negative long-run relationship between inflation and economic growth in India. We also find statistically-significant inflation-growth threshold effects in the case of states with persistently-elevated inflation rates of above 5.5 percent. This suggest the need for the Reserve Bank of India to balance the short-term growthinflation trade-off, in light of the long-term negative effects on growth of persistently-high inflation.
Detail Book of Does Inflation Slow Long Run Growth in India PDF
- Author : Mr.Kamiar Mohaddes
- Release : 15 December 2014
- Publisher : International Monetary Fund
- ISBN : 9781484336410
- Genre : Business & Economics
- Total Page : 19 pages
- Language : English
- PDF File Size : 19,7 Mb
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