The Nexus Between Institutional Quality and Inflation in Emerging Markets: A Panel Causality Test with a Fourier Function
It is important to note that institutional quality has a substantial impact on a country's long-term economic growth, which influences other economic indicators, such as inflation and monetary policy. An in-depth examination of the existence of this crucial relationship was conducted by applyi...
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| Format: | Article |
| Language: | English |
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Vilnius University Press
2023-06-01
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| Series: | Ekonomika |
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| Online Access: | https://zurnalai.vu.lt/ekonomika/article/view/29538 |
| _version_ | 1797810324094582784 |
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| author | Yildirim Beyazit Cicen |
| author_facet | Yildirim Beyazit Cicen |
| author_sort | Yildirim Beyazit Cicen |
| collection | DOAJ |
| description |
It is important to note that institutional quality has a substantial impact on a country's long-term economic growth, which influences other economic indicators, such as inflation and monetary policy. An in-depth examination of the existence of this crucial relationship was conducted by applying a novel and robust panel Yilanci Gorus Fourier causality test between 2000 and 2019 to 24 developing countries, in order to detect this relationship. A recent inflation rate, the standard deviation of inflation, and sound money are all interconnected and mutually causally related to property rights and the quality of the legal system. Weakness in institutions can exacerbate financial shocks, thereby affecting monetary indicators, and monetary policies will deteriorate the quality of the institution as a result.
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| first_indexed | 2024-03-13T07:07:04Z |
| format | Article |
| id | doaj.art-f4a9dfdef6b1437dbc693c1227404a87 |
| institution | Directory Open Access Journal |
| issn | 1392-1258 2424-6166 |
| language | English |
| last_indexed | 2024-03-13T07:07:04Z |
| publishDate | 2023-06-01 |
| publisher | Vilnius University Press |
| record_format | Article |
| series | Ekonomika |
| spelling | doaj.art-f4a9dfdef6b1437dbc693c1227404a872023-06-06T09:47:22ZengVilnius University PressEkonomika1392-12582424-61662023-06-01102110.15388/Ekon.2023.102.1.8The Nexus Between Institutional Quality and Inflation in Emerging Markets: A Panel Causality Test with a Fourier FunctionYildirim Beyazit Cicen 0Gumushane University, Turkiye It is important to note that institutional quality has a substantial impact on a country's long-term economic growth, which influences other economic indicators, such as inflation and monetary policy. An in-depth examination of the existence of this crucial relationship was conducted by applying a novel and robust panel Yilanci Gorus Fourier causality test between 2000 and 2019 to 24 developing countries, in order to detect this relationship. A recent inflation rate, the standard deviation of inflation, and sound money are all interconnected and mutually causally related to property rights and the quality of the legal system. Weakness in institutions can exacerbate financial shocks, thereby affecting monetary indicators, and monetary policies will deteriorate the quality of the institution as a result. https://zurnalai.vu.lt/ekonomika/article/view/29538Property RightsLegal SystemDeveloping CountriesFourier Causality Test |
| spellingShingle | Yildirim Beyazit Cicen The Nexus Between Institutional Quality and Inflation in Emerging Markets: A Panel Causality Test with a Fourier Function Ekonomika Property Rights Legal System Developing Countries Fourier Causality Test |
| title | The Nexus Between Institutional Quality and Inflation in Emerging Markets: A Panel Causality Test with a Fourier Function |
| title_full | The Nexus Between Institutional Quality and Inflation in Emerging Markets: A Panel Causality Test with a Fourier Function |
| title_fullStr | The Nexus Between Institutional Quality and Inflation in Emerging Markets: A Panel Causality Test with a Fourier Function |
| title_full_unstemmed | The Nexus Between Institutional Quality and Inflation in Emerging Markets: A Panel Causality Test with a Fourier Function |
| title_short | The Nexus Between Institutional Quality and Inflation in Emerging Markets: A Panel Causality Test with a Fourier Function |
| title_sort | nexus between institutional quality and inflation in emerging markets a panel causality test with a fourier function |
| topic | Property Rights Legal System Developing Countries Fourier Causality Test |
| url | https://zurnalai.vu.lt/ekonomika/article/view/29538 |
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