Un réexamen de la relation « inflation - croissance économique » dans les pays africains

• Autorzy: Constant Fouopi Djiogap

Warianty tytułu

A Re-Examination of the Inflation Growth Relationship in the African Countries

• Języki publikacji: FR

Abstrakty

Ce papier revient sur la non-linéarité de la relation inflation-croissance. Il évalue le rôle de la qualité institutionnelle appréciée par le degré d'indépendance de la banque centrale sur la non-linéarité de la relation inflation-croissance et la détermination du taux d'inflation optimal dans les pays africains. A cet égard, un panel des 53 pays africains sur la période 1980-2013 est utilisé pour effectuer une analyse de régression de panel avec seuil progressif (Panel Smooth Threshold Regression -PSTR- développé par Gonzalez et al. 2005). Un test de robustesse est effectué avec la méthode des moments généralisés en système (GMM). Nos résultats confirment la non-linéarité de la relation inflation-croissance. Cette non-linéarité de la relation inflation croissance est conditionnée par la qualité des institutions. Les pays avec une qualité des institutions plus élevée éprouvent des effets moins sévères d'inflation que les pays ayant une qualité des institutions inférieure. Le taux d'inflation optimal pour les pays africains dépend du régime de change. Ce taux diverge avec ceux trouvés pour les pays développés ainsi que pour ceux de beaucoup de pays en développement. (abstrakt oryginalny)

EN

This paper returns on the non-linearity of the inflation - growth relationship. He estimates the role of the institutional quality appreciated by the independence of the central bank on the non-linearity of the inflation-growth relationship and identifies the optimal inflation rate in the African countries. In this respect, a panel of 53 African countries over the period 1980-2013 is used to make an analysis of regression of panel with progressive threshold (Panel Smooth Threshold Regression: PSTR developed by Gonzalez and al. 2005). A test of robustness is made with the method of moments generalized in system (GMM). Our results confirm the non-linearity of the relation inflation-growth. This non-linearity of the inflation growth relationship is conditioned by the quality of institutions. Countries with a higher quality of institutions experience less severe effects of inflation than countries having a lower quality of institutions. The optimal inflation rate for the African countries depends on the exchange regime. This rate diverges with those found for developed countries as well as for those of many developing countries.(original abstract)

Słowa kluczowe

EN

Inflation; Economic growth; Inflation rates; Institutions

PL

Inflacja; Wzrost gospodarczy; Stopa inflacji; Instytucje

• Czasopismo: Revue Internationale des Economistes de Langue Française : revue de l'Association Internationale de Economistes de Langue Française avec la collaboration Université des Sciences Economiques et de Gestion
• Rocznik: 2018
• Tom: 3
• Numer: nr 2
• Strony: 196--223

Twórcy

autor

Constant Fouopi Djiogap

• Université de Yaoundé II, Cameroun

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