期刊名称：Asian Journal of Business and Management Sciences
电子版ISSN：2047-2528
出版年度：2012
卷号：1
期号：01
页码：01-11
出版社：Society for Business Research Promotion
摘要：The study examines possibility of threshold effect of inflation on economic growth over the period of 2000-2009. Estimated threshold model indicate that there is a non-linear relationship between economic growth and inflation in the Azerbaijani economy and threshold level of inflation for GDP growth is 13 percent. Below threshold level inflation has statistically significant positive effect on GDP growth, but this positive relationship becomes negative one when inflation exceeds 13 percent. Results of the study may be useful for monetary policymakers in terms of keeping inflation below the threshold level of 13 percent to prevent its negative effect on economic growth. Key Words: Azerbaijani Economy, Inflation, Economic Growth, Gross Fixed Capital Formation, Threshold Level. Full Text
