The Inflation and Economic Growth: Evidence from Romania

Mircea Asandului () and Dan Lupu ()
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Mircea Asandului: Alexandru Ioan Cuza University of Iasi
Dan Lupu: Alexandru Ioan Cuza University of Iasi

Acta Universitatis Danubius. OEconomica, 2015, issue 11(3), 35-42

Abstract: The main purpose of this study is to establish the existence (or not) of a relationship between inflation and economic growth in Romania, the study lasting from 1970 to 2013. The methodology used in this study is the one specific to time series: structural break test using Zivot- Andrews test, the stationarity test using Augmented Dickey-Fuller (ADF), and then Granger causality testing. Test results showed that for the analyzed period, there was a cointegrating relationship between inflation and economic growth for Romania. Finally, to establish the econometric model of the two variables, it has been developed an ARDL model with two different periods of lag.

Keywords: inflation; economic growth; granger causality; ARDL (search for similar items in EconPapers)
Date: 2015
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Citations: View citations in EconPapers (1)

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