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Autor
Akinsola Foluso A. (University of South Africa, South Africa), Odhiambo Nicholas M. (University of South Africa, Pretoria, South Africa)
Tytuł
Inflation and Economic Growth : a Review of the International Literature
Inflacja a wzrost gospodarczy : przegląd literatury międzynarodowej
Źródło
Comparative Economic Research, 2017, vol. 20, nr 3, s. 41-56, tab., bibliogr. 50 poz.
Słowa kluczowe
Inflacja, Wzrost gospodarczy, Kraje rozwijające się, Przegląd literatury
Inflation, Economic growth, Developing countries, Literature review
Uwagi
Klasyfikacja JEL: E31, O42, O47
summ., streszcz.
Abstrakt
Artykuł stanowi przegląd istniejącej literaturę dotyczącej zależności między inflacją a wzrostem gospodarczym w krajach rozwiniętych i rozwijających się, z uwzględnieniem zarówno aspektów teoretycznych jak i empirycznych. W wyniku przeprowadzonego badania stwierdzono, że wpływ inflacji na wzrost gospodarczy jest zróżnicowany w różnych państwach i w czasie. Opracowanie wskazuje również, że wyniki tych badań są zależne od specyfiki danego kraju, wykorzystanego zestawu danych i zastosowanej metodologii. Generalnie badania wskazują na występowanie zdecydowanie negatywnego związku między inflacją a wzrostem gospodarczym, zwłaszcza w krajach rozwiniętych. Nadal jednak istnieje wiele kontrowersji na temat konkretnego progu poziomu inflacji, który jest korzystny z punktu widzenia wzrostu. Większość wcześniejszych badań nad tym tematem zakłada jedynie jednokierunkowy związek przyczynowy między inflacją a wzrostem gospodarczym. Niniejsze opracowanie jest być może pierwszą próbą dokonania szczegółowego przeglądu istniejących badań nad zależnościami między inflacją a wzrostem gospodarczym w krajach rozwiniętych i rozwijających się. (abstrakt oryginalny)

This paper surveys the existing literature on the relationship between inflation and economic growth in developed and developing countries, highlighting the theoretical and empirical indications. The study finds that the impact of inflation on economic growth varies from country to country and over time. The study also finds that the results from these studies depend on country-specific characteristics, the data set used, and the methodology employed. On balance, the study finds overwhelming support in favour of a negative relationship between inflation and growth, especially in developed economies. However, there is still much controversy about the specific threshold level of inflation that is appropriate for growth. Most previous studies on this subject just assume a unidirectional causal relationship between inflation and economic growth. To our knowledge, this may be the first review of its kind to survey, in detail, the existing research on the relationship between inflation and economic growth in developed and developing countries. (original abstract)
Dostępne w
Biblioteka Główna Uniwersytetu Ekonomicznego w Katowicach
Pełny tekst
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Bibliografia
Pokaż
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Cytowane przez
Pokaż
ISSN
1508-2008
Język
eng
URI / DOI
https://doi.org/10.1515/cer-2017-0019
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