Non-Linear Effects of Government Size on Inflation in OPEC Countries: A Threshold Panel Approach | ||
| Iranian Economic Review | ||
| دوره 26، شماره 1، بهار 2022، صفحه 199-214 اصل مقاله (1003.82 K) | ||
| شناسه دیجیتال (DOI): 10.22059/ier.2022.86979 | ||
| نویسندگان | ||
| Younes Nademi* 1؛ Peter Winker2 | ||
| 1Department of Economics, Ayatollah Boroujerdi University, Boroujerd, Iran | ||
| 2Department of Economics, Justus-Liebig-University Giessen, Giessen, Germany | ||
| چکیده | ||
| The purpose of this paper is to consider the relationship between inflation and government size in OPEC countries during the period 2000-2015. Estimation results from different linear panel models with quadratic form of government size and non-linear panel models including static and dynamic panel threshold models suggest that there is a non-linear relationship between government size and the inflation rate in these countries. The threshold value of government size is estimated as 17.76% for all the threshold panel models with different control variables. Below this threshold value, an increase in government size has a significant negative impact on the inflation rate. When government size grows larger, an increasing government size has a significant positive impact on the inflation rate. This paper suggests that it is possible to explain the contradictory evidence of previous studies by making use of a non-linear model. | ||
| کلیدواژهها | ||
| Inflation؛ Government Size؛ Threshold Panel Models؛ OPEC Countries | ||
| مراجع | ||
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