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Paper Information

Journal:   JOURNAL OF MONETARY AND BANKING RESEARCHES   SPRING 2016 , Volume 9 , Number 27 ; Page(s) 83 To 108.
 
Paper: 

POLITICAL STABILITY AND INFLATION RATE NEXUS IN SELECTED MENA COUNTRIES

 
 
Author(s):  HEIDARI HASSAN, ASGHARI RANA*, ALINEZHAD ROGHAYYEH
 
* URMIA UNIVERSITY
 
Abstract: 

The present study investigates the potential threshold effects in the relationship between political stability index and inflation rate for 16 countries from MENA countries with presence of other variables, including GDP growth, government consumption expenditures growth, liquidity and openness index over the period 1996-2014. For this purpose, the paper uses the Panel Smooth Transition Regression (PSTR) model. The estimation results of model reject the linearity hypothesis, and estimate a continuous transition function with two regimes that gives a threshold at political stability of 0.756 for under review countries.
Moreover the study results indicate political stability index, GDP growth and openness index have a negative impact on inflation rate that their impacts are increased in the values above a threshold is calculated for political stability. The other results indicate that the influencing coefficients of the government consumption expenditures growth and liquidity variables are positive and significant in two regimes. Though, their impacts are declined in second regime. In general, the results of this study confirm the results of many done studies about positive effects of government consumption expenditure growth and liquidity and also negative effects of political stability index, GDP growth and openness index on inflation rate.

 
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+ Click to Cite.
APA: Copy

HEIDARI, H., & ASGHARI, R., & ALINEZHAD, R. (2016). POLITICAL STABILITY AND INFLATION RATE NEXUS IN SELECTED MENA COUNTRIES. JOURNAL OF MONETARY AND BANKING RESEARCHES, 9(27 ), 83-108. https://www.sid.ir/en/journal/ViewPaper.aspx?id=570760



Vancouver: Copy

HEIDARI HASSAN, ASGHARI RANA, ALINEZHAD ROGHAYYEH. POLITICAL STABILITY AND INFLATION RATE NEXUS IN SELECTED MENA COUNTRIES. JOURNAL OF MONETARY AND BANKING RESEARCHES. 2016 [cited 2021July29];9(27 ):83-108. Available from: https://www.sid.ir/en/journal/ViewPaper.aspx?id=570760



IEEE: Copy

HEIDARI, H., ASGHARI, R., ALINEZHAD, R., 2016. POLITICAL STABILITY AND INFLATION RATE NEXUS IN SELECTED MENA COUNTRIES. JOURNAL OF MONETARY AND BANKING RESEARCHES, [online] 9(27 ), pp.83-108. Available: https://www.sid.ir/en/journal/ViewPaper.aspx?id=570760.



 
 
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