Inflation convergence : evidence from South Asia

Christian Esguerra; Maria Estela Varua; Arlene Garces-Ozanne

Inflation convergence : evidence from South Asia

Christian Esguerra, Maria Estela Varua, Arlene Garces-Ozanne

Research output: Contribution to journal › Article › peer-review

2 Citations (Scopus)

Abstract

This study utilizes Optimum Currency Area (OCA) and convergence theories to analyze ÃƒÂŸ-and Ïƒ-convergence in inflation rates for India, Nepal, Pakistan and Sri Lanka before and after the signing of the South Asian Association for Regional Cooperation (SAARC) trade agreement. The results show strong evidence in favor of inflation convergence over the entire sample period, but no evidence of inflation convergence for the pre-SAARC sub-period. These results suggest the positive impact of inception of SAARC on the state of inflation convergence in the region. The results of the a-convergence analysis are also positive.

Original language	English
Pages (from-to)	30-44
Number of pages	15
Journal	Middle East Business and Economic Review
Volume	21
Issue number	2
Publication status	Published - 2009

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Cite this

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title = "Inflation convergence : evidence from South Asia",

abstract = "This study utilizes Optimum Currency Area (OCA) and convergence theories to analyze {\~A}ƒ{\^A}Ÿ-and {\"I}ƒ-convergence in inflation rates for India, Nepal, Pakistan and Sri Lanka before and after the signing of the South Asian Association for Regional Cooperation (SAARC) trade agreement. The results show strong evidence in favor of inflation convergence over the entire sample period, but no evidence of inflation convergence for the pre-SAARC sub-period. These results suggest the positive impact of inception of SAARC on the state of inflation convergence in the region. The results of the a-convergence analysis are also positive.",

author = "Christian Esguerra and Varua, {Maria Estela} and Arlene Garces-Ozanne",

year = "2009",

language = "English",

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AU - Esguerra, Christian

AU - Varua, Maria Estela

AU - Garces-Ozanne, Arlene

PY - 2009

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AB - This study utilizes Optimum Currency Area (OCA) and convergence theories to analyze ÃƒÂŸ-and Ïƒ-convergence in inflation rates for India, Nepal, Pakistan and Sri Lanka before and after the signing of the South Asian Association for Regional Cooperation (SAARC) trade agreement. The results show strong evidence in favor of inflation convergence over the entire sample period, but no evidence of inflation convergence for the pre-SAARC sub-period. These results suggest the positive impact of inception of SAARC on the state of inflation convergence in the region. The results of the a-convergence analysis are also positive.

UR - http://handle.uws.edu.au:8081/1959.7/551550

M3 - Article

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VL - 21

SP - 30

EP - 44

JO - Middle East Business and Economic Review

JF - Middle East Business and Economic Review

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ER -

Inflation convergence : evidence from South Asia

Abstract

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