Quest of nexus between inflation and economic development: evidence from Asian countries

Amritkant Mishra

International Journal of Happiness and Development, 2020, vol. 6, issue 2, 95-112

Abstract: This empirical analysis aspires to scrutinise the nexus between economic development and inflation in Asian perspective by utilising panel dynamic ordinary least squire (OLS) and the panel Granger causality method. The outcome of the panel dynamic OLS documents that, some proxies of economic development such as electric potency, transportation, telecommunication facility as well as financial development have negative impact on inflation, however, the per capita gross domestic product has a positive impact on the general price level. On the other hand, the consequence of causality analysis unearths that, there is one-way causality running from the per capita gross domestic product to inflation. Furthermore, the current study also documents that there is no causality running from energy, transport, communication, human resource, and financial development towards inflation. The policymakers can adopt all those strategies, which substantially enhance the economic development to condense inflation.

Keywords: inflation; economic development; panel dynamic OLS; ordinary least squire; Asian countries. (search for similar items in EconPapers)
Date: 2020
References: Add references at CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://www.inderscience.com/link.php?id=111201 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ids:ijhdev:v:6:y:2020:i:2:p:95-112

Access Statistics for this article

More articles in International Journal of Happiness and Development from Inderscience Enterprises Ltd
Bibliographic data for series maintained by Sarah Parker ().