search query: @author Wachtel, P. / total: 7
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| Author: | Rousseau, P. L. Wachtel, P. |
| Title: | Inflation thresholds and the finance-growth nexus |
| Journal: | Journal of International Money and Finance
2002 : NOV, VOL. 21:6, p. 777-793 |
| Index terms: | Financial analysis Inflation policy Economic growth Regression analysis |
| Language: | eng |
| Abstract: | The robustness of cross-sectional relationship between the size of a country's financial sector and its rate of economic growth is by now well established. The authors examine whether the strength of this relationship varies with the inflation rate. Using five-year average of standard measures of financial development, inflation, and growth for 84 countries 1960-1995, a series of rolling panel regressions show that there is an inflation threshold for the finance-growth relationship that lies between 13 and 25 percent. |
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