Two-Sided Mirror: An Analysis of Inflation Dual Impact on China Economic Growth
This study investigates the impact of inflation rate fluctuations on economic growth in China, with a particular focus on potential non-linear characteristics. The global economic impact of the COVID-19 pandemic notably heightens the study's relevance. The research that the unidirectional causa...
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| Published in | East Asian economic review pp. 175 - 219 |
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| Main Authors | , |
| Format | Journal Article |
| Language | English |
| Published |
대외경제정책연구원
01.06.2024
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| Subjects | |
| Online Access | Get full text |
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| Summary: | This study investigates the impact of inflation rate fluctuations on economic growth in China, with a particular focus on potential non-linear characteristics. The global economic impact of the COVID-19 pandemic notably heightens the study's relevance.
The research that the unidirectional causal relationship from inflation to economic growth in China first strengthens and then weakens over time. Furthermore, there is an inflation rate threshold effect on economic growth, identified at 2%. Below this threshold, inflation positively influences economic growth, whereas above it, the impact turns negative. This finding underscores the importance of balancing economic growth with inflation control in the formulation of monetary policy. KCI Citation Count: 0 |
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| Bibliography: | https://dx.doi.org/10.11644/KIEP.EAER.2024.28.2.434 |
| ISSN: | 2508-1640 2508-1667 |
| DOI: | 10.11644/KIEP.EAER.2024.28.2.434 |