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Quest of nexus between inflation and economic development: evidence from Asian countries

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  • Amritkant Mishra

Abstract

This empirical analysis aspires to scrutinise the nexus between economic development and inflation in Asian perspective by utilising panel dynamic ordinary least squire (OLS) and the panel Granger causality method. The outcome of the panel dynamic OLS documents that, some proxies of economic development such as electric potency, transportation, telecommunication facility as well as financial development have negative impact on inflation, however, the per capita gross domestic product has a positive impact on the general price level. On the other hand, the consequence of causality analysis unearths that, there is one-way causality running from the per capita gross domestic product to inflation. Furthermore, the current study also documents that there is no causality running from energy, transport, communication, human resource, and financial development towards inflation. The policymakers can adopt all those strategies, which substantially enhance the economic development to condense inflation.

Suggested Citation

  • Amritkant Mishra, 2020. "Quest of nexus between inflation and economic development: evidence from Asian countries," International Journal of Happiness and Development, Inderscience Enterprises Ltd, vol. 6(2), pages 95-112.
    • Handle: RePEc:ids:ijhdev:v:6:y:2020:i:2:p:95-112
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    Cited by:

    1. Amritkant MISHRA & Ajit Kumar DASH & Amba AGARWAL, 2023. "Quest of dynamic linkages between monetary factors and food inflation in India," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania - AGER, vol. 0(2(635), S), pages 199-210, Summer.

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