Independent with wholesale price inflation measure

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independent with wholesale price inflation measure. -Inflation does not erode the values of stock returns in Pakistan at least in the long-run. -The stock market in Pakistan could serve as hedge against inflation at least in the long-run.
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(yearly) Ibarra, R., TrupkiN, D.R., (2016) Reexamining the relationship between inflation and growth: Do institution matter in developing countries? Variables: -economic growth -growth rate of real per capita GDP -initial GDP -population growth rate -investment -GDP -openness to trade -the terms of trade -the terms of trade standard deviations Source: IMF's International Financial Statistics TP: 1950-2009 (yearly) PSTR’ model, the Wald, Fisher and Likelihood Ratio Tests -Inflation is harmful for growth and the slope of the function that connects one regime to the other. -The relationship between inflation and growth is non-linear.
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Ishaq, T., Mohsin, H.M., (2015) Deficits and inflation: Are monetary and financial institutions only worth to consider or not? Variables: -deficits -central bank and fragile financial markets -money supply -growth rate of real GDP -Real Exchange rate -Turnover rate of central bank governors Source: World Development Indicators (WDI), International Financial Statistics (IFS), and World Economic Outlook (WEO). TP: 1981-2010 (yearly) VAR and single equation OLS model, Rank correlation test, -Deficits are inflationary for sample Asian economies as government finances its budget deficits mainly through seigniorage. -Deficits are more strongly linked to inflation where institutions are not well established and not strong enough. Hossin, M.S. (2015) The relationships between inflation and economic growth of Blangadesh: An Empirical Analysis from 1961-2013 Variables: -Economic Growth -Inflation -Real GDP -Gross Domestic Product Deflator (GDPD) Source: World Development Indicators (World Data Bank Online Version) TP: 1961-2013 (yearly) Unit Root Test, Cointegration Test, Granger-Causality Test. -Economic growth affects inflation positively. -But when increase in the rate of inflation goes beyond the threshold inflation level then inflation affects economic growth negatively. Umaru, A. and Zubairu, A.A. (2012) Variables: -Inflation -GDP Source: -Central Bank Nigeria (CBN) Statistical Bulletin. TP: 1970-2010 Unit Root Test, Granger Causality Test -GDP causes inflation and not inflation causing GDP -inflation possessed a positive impact on economic growth through encouraging productivity and output level and on evolution of total factor productivity.
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(yearly) Munir, Q. and Mansur, K. (2009) Non-linearity between inflation rate and GDP Growth in Malaysia Variables: -Inflation -Real GDP Growth -Financial Depth -Gross Capital Formation -Foreign Direct Investment -Exports of Goods and Services Source: World Bank’s World Development Indicators TP: 1970 – 2005 (yearly) Threshold test, Unit Root tests -The relationship between
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