BazEkon - Biblioteka Główna Uniwersytetu Ekonomicznego w Krakowie

BazEkon home page

Meny główne

Gurgul Henryk (University of Science and Technology, Cracow, Poland), Lach Łukasz (University of Science and Technology, Cracow, Poland)
The Nexus between Inflation Rate and Economic Growth of Polish Provinces after EU Accession
Związki pomiędzy stopą inflacji a wzrostem gospodarczym w polskich województwach w okresie poakcesyjnym
Studia Ekonomiczne / Uniwersytet Ekonomiczny w Katowicach, 2014, nr 206, s. 20-33, rys., tab., bibliogr. 58 poz.
Tytuł własny numeru
Metody matematyczne i ekonometryczne w finansach i ubezpieczeniach 2013
Słowa kluczowe
Stopa inflacji, Wzrost gospodarczy, Wzrost gospodarczy regionu, Zmiany strukturalne, Analiza regionalna
Inflation rates, Economic growth, Economic growth of the region, Structural changes, Regional analysis
streszcz., summ.
Artykuł jest jednym z pierwszych opracowań analizujących na poziomie regionalnym związki pomiędzy stopą inflacji a wzrostem gospodarczym w Polsce po wejściu do UE. Wyniki potwierdziły, że w okresie 2004-2010 występował nieliniowy związek przyczynowy pomiędzy stopą inflacji a tempem wzrostu gospodarczego w polskich województwach. Badania potwierdziły występowanie dwóch statystycznie istotnych progowych poziomów inflacji związanych z równoczesnymi i opóźnionymi efektami czasowymi. (abstrakt oryginalny)

This paper is one of the first contributions which examine the nexus between inflation rate and economic growth of Poland after EU accession based on the regional data. The results prove that in the period 2004-2010 the causal link between inflation rate and economic growth among Polish regions was of a nonlinear nature. The empirical analysis confirmed the existence of two statistically significant inflation threshold levels related to contemporaneous as well as one-year-lagged causal effects. (original abstract)
Dostępne w
Biblioteka Główna Uniwersytetu Ekonomicznego w Krakowie
Biblioteka Szkoły Głównej Handlowej w Warszawie
Biblioteka Główna Uniwersytetu Ekonomicznego w Katowicach
Biblioteka Główna Uniwersytetu Ekonomicznego w Poznaniu
Pełny tekst
  1. Apergis N. (2005), Inflation uncertainty and growth: Evidence from panel data, "Australian Economic Papers", Vol. 44, No. 2, pp. 186-197.
  2. Arellano M. (2003), Panel Data Econometrics, Oxford University Press, Oxford.
  3. Auerbach A.J. (1989), The Deadweight Loss from "Non-Neutral" Capital Income Taxation, "Journal of Public Economics", Vol. 40, pp. 1-36.
  4. Barro R.J. (1991), Economic Growth in a Cross Section of Countries, "Quarterly Journal of Economics", Vol. 106, pp. 407-444.
  5. Barro R.J. (1996), Inflation and Growth, "Federal Reserve Bank of St. Louis Review", Vol. 78, pp. 153-169.
  6. Boyd J.H., Levine R., Smith B.D. (1995), Inflation and Financial Market Performance, Federal Reserve Bank of Minneapolis, Minneapolis.
  7. Bruno M., Easterly W. (1998), Inflation Crises and Long-Run Growth, "Journal of Monetary Economics", Vol. 41, pp. 3-26.
  8. Bullard J., Keating J.W. (1995), The long-run relationship between inflation and output in postwar economies, "Journal of Monetary Economics", Vol. 36(3), pp. 477-496.
  9. Chen T. (2007), Uncertainty, inflation and output growth in China, "Economic Theory and Business Management", Vol. 27, No. 12, pp. 23-29.
  10. Cohen D., Hassett K.A., Hubbard R.G. (1997), Inflation and the User Cost of Capital: Does Inflation Still Matter?, "NBER Working Papers", No. 6046.
  11. Cooley T.F., Hansen G.D. (1989), The inflation tax in a real business cycle model, "American Economic Review", Vol. 79, No. 4, pp. 733-748.
  12. Cukierman A., Meltzer A.H. (1986), A Theory of Ambiguity, Credibility, and Inflation under Discretion and Asymmetric Information, "Econometrica", Vol. 54(5), pp. 1099-1128.
  13. Cukierman A., Kalaitzidakis P., Summers L.H., Webb S.B. (1993), Central bank independence, growth, investment, and real rates, "Carnegie-Rochester Conference Series on Public Policy", Vol. 39(1), pp. 95-140.
  14. De Gregorio J. (1993), Inflation Taxation and Long-Run Growth, "Journal of Monetary Economics", Vol. 31, pp. 271-298.
  15. De Long B.J., Summers L.H. (1991), Equipment Investment and Economic Growth, "Quarterly Journal of Economics", Vol. 106, pp. 445-502.
  16. Dollar D., Kraay A. (2004), Trade, growth and poverty, "Economic Journal", Vol. 114, F22-F49.
  17. Edwards S. (1998), Openness, productivity and growth: what do we really know? "Economic Journal", Vol. 108, pp. 383-398.
  18. Feldstein M. (1983), Inflation, Tax Rules and Capital Formation, University of Chicago, Chicago.
  19. Ferderer P. (1993), The Impact of Uncertainty on Aggregate Investment Spending: An Empirical Analysis, "Journal of Money Credit and Banking", Vol. 25, pp. 30-48.
  20. Fischer S., Modigliani F. (1978), Towards and Understanding of the Real Effects and Costs of Inflation, "Weltwirtschaftliches Archiv", pp. 810-832.
  21. Fischer S. (1993), The Role of Macroeconomic Factors in Growth, "Journal of Monetary Economics", Vol. 32, pp. 485-512.
  22. Friedman M. (1977), Nobel Lecture: Inflation and Unemployment, "Journal of Political Economy", Vol. 85, pp. 451-472.
  23. Fry M. (1994), Money, Interest and Banking in Economic Development, second edition, John Hopkins University Press. Baltimore.
  24. Ghosh A., Phillips S. (1998), Warning: Inflation may be harmful to your growth, "IMF Staff Papers", Vol. 45, No. 4, pp. 672-710.
  25. Gomme P. (1993), Money and growth revisited: Measuring the costs of inflation in an endogenous growth model, "Journal of Monetary Economics", Vol. 32(1), pp. 51-77.
  26. Gurgul H., Lach Ł. (2010), The causal link between Polish stock market and key macroeconomic aggregates, "Betriebswirtschaftliche Forschung und Praxis", Vol. 4, pp. 367-383.
  27. Gylfason T. (1999), Output Gains from Economic Stabilization, "Journal of Development Economics", Vol. 56, pp. 81-96.
  28. Haslag J.H. (1995), Monetary policy, banking, and growth, "Economic Inquiry", Vol. 36, No. 3, pp. 489-500.
  29. Heymann D., Leijonhufvud A. (1995), High Inflation, Clarendon Press, Oxford.
  30. Holland S. (1995), Inflation and uncertainty: tests for temporal ordering, "Journal of Money, Credit, and Banking", Vol. 27(3), pp. 827-837.
  31. Hussain M. (2005), Inflation and Growth: Estimation of Threshold Point for Pakistan, "Pakistan Business Review", Vol. 17(3), pp. 1-15.
  32. Huybens E., Smith B.D. (1999), Inflation, Financial Markets and Long-Run Real Activity, "Journal of Monetary Economics", Vol. 43, pp. 283-315.
  33. Hwang T., Wu J. (2011), Inflation and Economic Growth in China: An Empirical Analysis, "China and World Economy", Vol. 19, No. 5, pp. 67-84.
  34. Jones L.E., Manuelli R.E. (1995), Growth and the effects of inflation, "Journal of Economic Dynamics and Control", Vol. 19, No. 8, pp. 1405-28.
  35. Kalecki M. (1970), Problems of Financing Economic Development in a Mixed Economy [in:] W.A. Eltis, M.F.G. Scottand J.N. Wolfe (eds.) Induction, Growth and Trade: Essays in Honour of Sir Roy Harrod, Oxford University Press, Oxford.
  36. Khan M.S., Senhadji A.S. (2001), Threshold effects in the relationship between inflation and growth, "IMF Staff Papers", Vol. 48, No. 1, pp. 1-21.
  37. Kim S., Willett T.D. (2000), Is the Negative Correlation between Inflation and Growth Real? An Analysis of the Effects of the Oil Supply Shocks, "Applied Economics Letters", Vol. 7, Iss. 3, pp. 141-147.
  38. Kong D. (2007), Does inflation restrain the financial development and economic growth? "IMF Staff Papers", Vol. 48, No. 1, pp. 1-21.
  39. Lee C., Wong S.Y. (2005), Inflationary threshold effects in the relationship between financial development and economic growth: evidence from Taiwan and Japan, "Journal of Economic Development", Vol. 30(1), pp. 49-68.
  40. Liu J., Xie W.D. (2003), Dynamic relationship between economic growth and inflation, "The Journal of World Economy", Vol. 26, No. 6, pp. 48-57.
  41. Liu J., Zhang H. (2004), Positive testing for the Tobin effect or anti Tobin effect in China's economy, "Management World", Vol. 20, No. 5, pp. 18-24.
  42. Mallik G., Chowdhury A. (2001), Inflation and Economic Growth: Evidence from Four South Asian Countries, "Asia-Pacific Development Journal", Vol. 8(1), pp. 123-135.
  43. Mubarik Y.A. (2005), Inflation and growth: An estimate of the threshold level of inflation in Pakistan, "State Bank of Pakistan Research Bulletin", Vol. 1, No. 1, pp. 35-44.
  44. Mundell R. (1963), Inflation and real interest, "Journal of Political Economy", Vol. 71, No. 3, pp. 280-283.
  45. Munir Q., Mansur K., Furuoka F. (2009), Inflation and Economic Growth in Malaysia: A Threshold Regression Approach, "ASEAN Economic Bulletin", Vol. 26(2), pp. 180-193.
  46. Narayan P.K., Narayan S., Smyth, R. (2009), Understanding the inflation-output nexus for China, "China Economic Review", Vol. 20, No. 1, pp. 82-90.
  47. Ozdemir Z.A. (2010), Dynamics Of Inflation, Output Growth And Their Uncertainty In The UK: An Empirical Analysis, "Manchester School", Vol. 78(6), pp. 511-537.
  48. Pollin R., Zhu A. (2006), Inflation and economic growth: A cross-country nonlinear analysis, "Journal of Post Keynesian Economics", Vol. 28, No. 4, pp. 593-614.
  49. Rao B.B., Vadlamannati K.C. (2011), Globalization and growth in the low income African countries with the extreme bounds analysis, "Economic Modelling", Vol. 28(3), pp. 795-805.
  50. Sarel M. (1996), Nonlinear effects of inflation on economic growth, "IMF Staff Papers", Vol. 43, No. 1, pp. 199-215.
  51. Singh K., Kalirajan K. (2003), The inflation-growth nexus in India: An empirical analysis, "Journal of Policy Modeling", Vol. 25, No. 4, pp. 377-396.
  52. Smyth D.J. (1994), Inflation and Growth, "Journal of Macroeconomics", Vol. 16, pp. 261-270.
  53. Stock J.H., Watson M.W. (2008), Heteroskedasticity-robust standard errors for fixed effects panel data regression, "Econometrica", Vol. 76, pp. 155-174.
  54. Stockman A.C. (1981), Anticipated inflation and the capital stock in a cash-in-advance economy, "Journal of Monetary Economics", Vol. 8, No. 3, pp. 387-393.
  55. Sweidan O.D. (2004), Does inflation harm economic growth in Jordan? An empirical analysis for the period 1970-2000, "International Journal of Econometrics and Quantitative Studies", Vol. 1, No. 2, pp. 41-66.
  56. Tobin J. (1965), Money and Economic Growth, "Econometrica", Vol. 33, pp. 671-684.
  57. Wang T. (1996), Economic Analysis of Price Inflation in Mainland China, Chung-Hua, Taipei.
  58. Wooldridge J.M. (2009), Introductory Econometrics: A Modern Approach. 4th ed., South-Western College Pub, Cincinnati.
Cytowane przez
Udostępnij na Facebooku Udostępnij na Twitterze Udostępnij na Google+ Udostępnij na Pinterest Udostępnij na LinkedIn Wyślij znajomemu