• The Journal of Asian Finance, Economics and Business
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• 제7권5호
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• pp.91-102
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• 2020

The study investigates the relationship between the inflation rate and economic growth to find out the optimal inflation threshold for economic growth. Therefore, this study applied an ordinary least square model (OLS) and the ordinal regression model, and collected the time-series data from 1996 to 2017 to test the relationship between inflation and economic growth in the short-term and long-term. The sample fits the model and is statistically significant. The study showed that 96.6% of correlation between inflation rate and economic growth are close and 4.5% of optimal inflation threshold is appropriate for economic growth. It finds that the optimal inflation threshold is base to perform economic growth, besides the inflation rate is positively related to economic growth. The results support the monetary policy appropriately. This study identifies issues for Government to consider: have a comprehensive solution among macroeconomic policies, monetary policy, fiscal policy and other policies to control and maintain the inflation and stimulate growth; have appropriate policies to regulate inflation to stimulate economic growth over the long term; set a priority goal for sustainable economic growth; not pursue economic growth by maintaining the inflation rate in the long term, but take appropriate measures to stabilize the inflation at the optimal inflation threshold.

• The Journal of Asian Finance, Economics and Business
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• 제7권8호
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• pp.161-173
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• 2020

This study examines the nonlinear relationship between financial development and economic growth in Pakistan using the threshold regression model for the period 1980-2017. We also employed quantile regression with 0.25, 0.50, and 0.75 quantiles of conditional distribution. The quantile regression is based on minimizing of sum of squared residuals. The result indicates that economic growth responds positively to financial development when the level of financial development surpasses the threshold value of 0.151. However, when financial development lies below the threshold value (that is, 0.151), its impact on economic growth is negative. Thus, when financial development of Pakistan surpasses the threshold level, it contributes more towards economic growth since greater level of financial development contributes more to boosts economic growth. This finding reveals that economic growth reacts differently to financial development, and the relationship between financial development and economic growth is U-shaped in Pakistan. Among the other variables, physical capital, labor force, and government expenditure exert a positive effect on economic growth. Furthermore, inflation rate and trade openness have an insignificant impact on economic growth. The results of quantile regression also confirm the non-linear relationship between financial development and economic growth in Pakistan. The finding of this study suggests revamping of financial sector policies in Pakistan.

• East Asian Economic Review
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• 제28권2호
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• pp.175-219
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• 2024

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.

• Asian Journal of Business Environment
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• 제11권1호
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• pp.17-25
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• 2021

Purpose: This study extends previous empirical work on the threshold effects of institutions on the relationship between infrastructure and economic growth. It does so by using three sub-indices of institutions as the threshold variable in place of aggregate index. This is with a view to determining the roles of the sub-indices in the nexus between infrastructure and economic growth. Research design, data and methodology: The analysis is based on a dynamic panel threshold regression model using a panel data set comprising 41 countries in Sub-Saharan Africa over the sample period of 1996-2015. Data are obtained from Ogbaro (2019). Results: The study finds that infrastructure exerts significant positive effects on economic growth below and above the threshold values of the three sub-indices, with higher effects above the threshold values. Results also show that on average, the Sub-Saharan African countries are not able to satisfy any of the threshold conditions, which accounts for their poor growth experience. Conclusion: The study concludes that countries with weak institutions do not benefit maximally from infrastructure development policies. The paper, therefore, recommends that countries in Sub-Saharan Africa need to focus on improving their institutional patterns if they are to reap the optimum benefits from their infrastructure development efforts.

• 농약과학회지
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• 제14권2호
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• pp.133-137
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• 2010

콩탄저병의 수량에 미치는 영향을 조사하고, 요방제 수준을 설정하기 위하여 2년간 포장에서 시험하였다. 탄저병의 발병협율과 수량, 완전립수, 불완전립수, 협수와는 상관계수가 각각 -0.85, -0.78, 0.80, -0.64로 5% 수준에서 유의성이 있는 협수를 제외하고는 모두 1% 수준에서 고도의 상관이 있었다. 탄저병 발병협율(X)을 독립변수로 콩수량(Y)을 예측했을 때의 단순직선회기 모델은 Y=-1.7781X+164.22로 결정계수($R^2$)는 0.8092였다. 상기 회귀식에서 경제성을 고려하지 않고 수량에 영향을 주기 시작하는 요방제 수준은 발병협율 6.9%로 산출되었으며, 방제비용을 보상할 수 있는 경제적 피해수준 및 경제적 방제수준은 각각 발병협율 11.9%와 9.5% 로 산정되었다.

• 식물병연구
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• 제16권3호
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• pp.285-289
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• 2010

호박 흰가루병의 수량감수 모델, 요방제 수준 및 경제적 방제수준을 산출하기 위하여 2008년부터 2년간 포장에서 시험하였다. 호박 흰가루병은 정식 후 50일경인 6월 하순에 발생하기 시작하여 7월 하순~8월 상순에 가장 심하였고, 그 이후 감소하는 경향을 보였다. 흰가루병의 발병정도와 수확 과실수, 과실의 생체중, 수량(생체중$\times$수확 과실수)간에는 고도의 부의 상관이 있었고 생체중과 상품과율은 정의 상관을 보였다. 흰가루병의 발병수준(X)에 따른 호박의 수량(Y) 추정 단순직선회귀식은 Y = -10.399X + 6607.5였고 결정계수($R^2$)는 0.9700으로 모델의 적합도가 매우 높았다. 방제비용을 고려하지 않은 흰 가루병의 요방제 수준은 병반면적율 6.5%였으며, 방제비용을 정당화 시킬 수 있는 경제적 피해수준은 병반면적율 21.6%였고, 농가에서 실제로 적용 가능한 경제적 방제수준은 병반면적율 17.3%로 산출되었다.

• 무역학회지
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• 제47권4호
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• pp.89-102
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• 2022

This study is designed to investigate the effect of inflow FDI on the host country's economic growth and the role of absorptive capacity in this relationship. Eight developing countries in East Asia, including Mongolia, Indonesia, Malaysia, Myanmar, the Philippines, Thailand, Vietnam, and Cambodia, are analyzed. Year data from 2000 to 2018 are used. Based on the study of Hansen (1999), the panel threshold effect model is used, and human capital, R&D, and infrastructure are set as absorptive capacity by referring to Wang and Hwang (2013). The analysis results are as follows. It is confirmed that FDI has a positive effect on the economic growth of the host country, and absorption capacity strengthens the relationship between FDI and economic growth in a positive direction. At this time, it appears that a threshold exists for the moderating effect of the absorptive capacity. It presents useful implications for economic growth in developing countries.

• International Journal of Industrial Entomology and Biomaterials
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• 제4권2호
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• pp.133-136
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• 2002

Whitefly, Dialeuropora decempuncta (Quaintance rind Baker) (Homoptera: Aleyrodidae) has attained the major pest status in mulberry, causing 24% crop loss by sucking the leaf juice and manifesting leaf curl, chlorosis and sooty mould desease during monsoon season in West Bengal, India. The assessment of economic threshold revel is an essential component for formulating the management practices. Experiments were carried out by inoculating five different densities of whitefly viz.,10, 20, 30, 40 and 50 adults on covered mulberry plants in glass houses. From the findings, it was observed that irrespective of released density, no crop loss was observed in the initial period. But with the passing of days, the percent crop loss was increased rapidly. The linear relationship between percent crop loss and number of adults released was established to highlight the significance of economic threshold. The statistical analysis in the linear form of equation showed that initial population of 10, 20, 30, 40 and 50 whiteflies/plant causes 3%, 12%, 21%, 30% and 40% crop loss in a period of 28 days which is equivalent to 57 kg, 247 kg, 437 kg, 626 kg and 816 kg leaf/acre. Execution of management practices (spray of 0.01% monocrotophos) are economical to the farmer whenever the loss is above 247 kg/acre, but below which application of control measures is not economical. From this study, it can be inferred that the economic threshold level far whitefly is 20 individuals/plant beyond which a farmer has to take appropriate control measures.

• KDI Journal of Economic Policy
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• 제42권1호
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• pp.31-56
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• 2020

Does financial development contribute to economic growth? The literature finds that an expansion in financial resources is useful for economic growth if the degree of financial development is under a certain threshold; otherwise, the expansion is detrimental to growth. Almost every published study, however, considers country-panel data. Accordingly, the results are not directly applicable to the Korean economy. By examining Korean time-series data, this paper finds that there is an inverse U-shaped relationship between the per capita real GDP growth rate and private credit (as a percentage of nominal GDP)-a well-known measure of quantitative financial development, where the threshold is 171.5%. This paper also finds that private credit is positively associated with economic growth if the share of household credit out of private credit is less than 46.9%; otherwise, private credit is negatively associated with economic growth. As of 2016, the ratio of private credit to GDP and the ratio of household credit to private credit are both higher than the corresponding thresholds, which implies that policymakers should place more emphasis on qualitative financial development than on a quantitative expansion of financial resources.

• 농약과학회지
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• 제19권4호
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• pp.394-398
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• 2015

본 연구는 잎집무늬마름병에 대한 약제방제수준을 설정하기 위하여 오대벼를 공시하여 시험을 수행하였다. 잎집무늬마름병 발병정도에 따라 수량에 미치는 관계를 분석하였으며, 수량 구성 요소인 주당 이삭수, 이삭당 립수, 등숙률, 천립중과의 관계를 분석하였다. 그 결과 발병주율에 대한 수량과의 관계는 r = -0.93, 이삭당 립수 r = -0.66, 등숙율은 r = -0.77로 고도의 유의성 있는 부의 상관이 있었으나, 주당 이삭수와 천립중은 유의한 상관이 인정되지 않았다. 따라서 본시험에서는 발병과 상관이 높은 수량에 대하여 경제적 방제수준은 발병주율 7.8%로 설정할 수 있었다.