Relationship between inflation rate and economic growth rate of Southeast Asian countries

Patchnart Rouangsang () and Chaiwat Nimanussornkul
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Patchnart Rouangsang: Chiang Mai University
Chaiwat Nimanussornkul: Chiang Mai University

The Empirical Econometrics and Quantitative Economics Letters, 2012, vol. 1, issue 3, 65-76

Abstract: This paper analyses the Panel Granger-causality relationship between GDP growth rate and inflation rate. Using Quaterly data for 5 South-East Asian Countries from 2nd quarter in 1997- 4th quarter in 2011, we conclude that there is clear Granger causality between GDP growth rate and inflation rate and it is one-directional. In addition, Our finding point to positive relationship between GDP growth rate and inflation rate. This result has important policy implications GDP growth rate influences the evolution of inflation rate.

Keywords: Granger causality; panel data; inflation rate and GDP growth rate (search for similar items in EconPapers)
JEL-codes: C23 E31 O40 (search for similar items in EconPapers)
Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:chi:journl:v:1:y:2012:i:3:p:65-76

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