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Liczba wyników
2018 | 28 | 95--108
Tytuł artykułu

The Relationship between Economic Growth and Inflation: the Case of Poland and Serbia

Treść / Zawartość
Warianty tytułu
Wzrost ekonomiczny a inflacja: na podstawie Polski i Serbii
Języki publikacji
EN
Abstrakty
EN
Obtaining stability, output growth and full employment are the goals of economy. Inflation affects both economy and society. The aim of the paper is to give theoretical overview of the relationship between economic growth and inflation. There is a positive, negative and neutral correlation between inflation and economic growth. During high inflation there is negative influence on economic growth. During the low level of inflation, the relationship is not so prominent. Furthermore, the focus is given to the connection and correlation between these two indicators in Poland, Serbia and the EU from 1990s to 2016. The results show that there is no significant correlation between the two indictors in these countries. Further research would be run with more complex analysis.(original abstract)
Podstawowymi celami gospodarki jest uzyskanie stabilności, wzrostu gospodarczego oraz pełnego zatrudnienia. Inflacja wpływa nie tylko na gospodarkę, ale i na społeczeństwo. Celem artykułu jest przedstawienie teoretycznych związków pomiędzy wzrostem gospodarczym a inflacją. Istnieją pozytywne, negatywne i neutralne korelacje pomiędzy inflacją a wzrostem ekonomicznym. Wysoka inflacja wpływa negatywnie na wzrost gospodarczy, podczas gdy niska inflacja nie ma tak wyraźnego wpływu. Artykuł zwraca szczególną uwagę na związki pomiędzy wysoką, niską inflacją a wzrostem gospodarczym w Polsce, w Serbii i w UE w okresie od lat 90tych do roku 2016. Wyniki analiz nie wskazują na znaczący związek pomiędzy wskaźnikami w badanych krajach. Stąd, dalsze badania będą prowadzone w kierunku pogłębionej analizy.(abstrakt oryginalny)
Twórcy
  • University of Belgrade
  • University of Belgrade
Bibliografia
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  • e Souza, Gustavo José de Guimarães, Helder Ferreira de Mendonça, and Joaquim Pinto de Andrade. 2016. "Inflation targeting on output growth: A pulse dummy analysis of dynamic macroeconomic panel data." Economic Systems 40, no. 1: 145-169.
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  • Inflation - Consequences of Inflation, (2018), Available at https://www.tutor2u. net/economics/reference/inflation-consequences-of-inflation.
  • Investopedia Common effects of inflation. ( 2018). A vailable a t h ttps://www. investopedia.com/articles/insights/122016/9-common-effects-inflation.asp.
  • Khan Mohsin S., Abdelhak S. Ssnhadji. 2001. "Threshold effects in the relationship between inflation and growth." IMF Staff papers 48, no. 1: 1-21.
  • Jednak S., Kragulj D., 2016. Analiza ciljeva i značajni instrumenti ekonomske politike. Tematski zbornik "Razvojni aspetki savremene poslovne ekonomije", FON, p. 97-123.
  • Kragulj D. 2016. Ekonomija - Osnovi mikroekonomske i makroekonomske analize, Kragulj, Beograd.
  • López-Villavicencio Antonia, Valérie Mignon. 2011. "On the impact of inflation on output growth: Does the level of inflation matter?." Journal of Macroeconomics 33, no. 3: 455-464.
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  • Martínez Guillermo Ortiz. 2008. "Inflation targeting." Bank of Canada: 92-94.
  • Mazumder Sandeep. 2017. "Output gains from accelerating core inflation." Journal of Macroeconomics 51: 63-74.
  • Miller Anna. 2013. "Threshold Effects in the Relationship Between Inflation and Growth.".
  • Momčilović Mirela, Sanja Vlaović Begović, Stevan Tomašević, and Dajana Ercegovac. 2017. "Sustainable growth rate: Evidence from agricultural and food enterprises." Management: Journal of Sustainable Business and Management Solutions in Emerging Economies 20, no. 76: 63-75.
  • Munyeka Wiza. 2014. "The relationship between economic growth and inflation in the South African economy." Mediterranean Journal of Social Sciences 5, no. 15: 119.
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  • Rediff. 2007. What about threshold inflation?. Available at http://www.rediff.com/money/2007/mar/06inflation.htm.
  • Rouksar-Dussoyea Bibi, Ho Ming-Kang, Raja Rajeswari, and Benjamin Chan Yin-Fah. 2017. "Economic Crisis in Europe: Panel Analysis of Inflation, Unemployment and Gross Domestic Product Growth Rates." International Journal of Economics and Finance 9, no. 10: 145.
  • Semlali Mr A. Senhadji, Mr Mohsin S. Khan. 2000. Threshold effects in the relationship between inflation and growth. No. 0-110. International Monetary Fund.
  • Sims Eric R. 2012. "Taylor rules and technology shocks." Economics Letters 116, no. 1: 92-95.
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  • Soe Than Than, Makoto Kakinaka. 2017. "Inflation targeting and income velocity in developing economies: Some international evidence." The North American Journal of Economics and Finance.
  • Švigir Mario, Josipa Miloš. 2017. "Relationship between inflation and economic growth; comparative experience of Italy and Austria." FIP-Financije i pravo 5, no. 2: 91-101.
  • Yabu Nicas, Nicholaus J. Kessy. 2015. "Appropriate threshold level of inflation for economic growth: evidence from the three founding EAC countries." Applied Economics and Finance 2, no. 3: 127-144.
Typ dokumentu
Bibliografia
Identyfikatory
Identyfikator YADDA
bwmeta1.element.ekon-element-000171542618

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