Estimating the Threshold Level of Inflation for Thailand
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Keywords

Inflation
Economic growth
Threshold model.

How to Cite

JIRANYAKUL, K. (2017). Estimating the Threshold Level of Inflation for Thailand. Journal of Economics Bibliography, 4(2), 150–155. https://doi.org/10.1453/jeb.v4i2.1322

Abstract

Abstract. This paper analyzes the relationship between inflation and economic growth in Thailand using annual dataset during 1990 and 2015. The threshold model is estimated for different levels of threshold inflation rate. The results suggest that the threshold level of inflation above which inflation significantly slow growth is estimated at 3 percent. The negative relationship between inflation and growth is apparent above this threshold level of inflation. In other words, the inflation rate that is higher than this threshold level can jeopardize the growth rate of the country.

Keywords. Inflation, Growth, Threshold model.

JEL. C13, E31.

https://doi.org/10.1453/jeb.v4i2.1322
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References

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