Inflation as Reflecting Macroeconomic Gaps: An Analysis for Emerging Economies

Ricardo Ramalhete Moreira ()
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Ricardo Ramalhete Moreira: Professor of Economics, Federal University of Espírito Santo

Chapter Chapter 30 in Advances in Cross-Section Data Methods in Applied Economic Research, 2020, pp 469-476 from Springer

Abstract: Abstract This article is tested for the hypothesis regarding the causality relationships between a macroeconomic gap, especially the investment–domestic savings’ gap, and the inflation rate. For empirical purposes, Dumitrescu and Hurlin (Econ Modell 29:1450–1460, 2012) method for Granger causality in panel data was applied to the annual series from 1995 to 2014, covering a group of 50 emerging and developing countries. The empirical findings indicated a corroboration of the tested hypothesis, according to which an increase in the macroeconomic gap is accompanied by a rise in inflation rates.

Keywords: Inflation; Macroeconomic gaps; Causality; Emerging economies; E31; E21; E22 (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:spr:prbchp:978-3-030-38253-7_30

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DOI: 10.1007/978-3-030-38253-7_30

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