Testing the Kumara Swamy Theorem of Inflationary Gap in the Cypriot and Greek Economies – Research Findings

Journal of Financial Management and Analysis, Vol. 23, No. 1, January-June 2010

Posted: 10 Oct 2010

See all articles by Ioannis Lazaridis

Ioannis Lazaridis

University of Macedonia - Accounting and Finance

Efstratios Livanis

University of Macedonia - Accounting and Finance

Date Written: June 4, 2010

Abstract

Due to the international crisis in the global economy the Euro zone economy is expected to grow with significantly lower rates. Moreover, inflation is accelerated internationally, due to increases in oil prices and food prices. In this paper we have attempted to investigate if the Kumara Swamy theorem of inflationary gap is applicable in the Cypriot and Greek economies. We tested the Theorem for the period 2004-2009 and we obtained favorable results mainly for the Cypriot economy.

Keywords: Greek Economy, Cypriot Economy, Inflationary Gap

JEL Classification: C82, E31, E51, E63, G01, N15

Suggested Citation

Lazaridis, Ioannis and Livanis, Efstratios, Testing the Kumara Swamy Theorem of Inflationary Gap in the Cypriot and Greek Economies – Research Findings (June 4, 2010). Journal of Financial Management and Analysis, Vol. 23, No. 1, January-June 2010, Available at SSRN: https://ssrn.com/abstract=1689914

Ioannis Lazaridis (Contact Author)

University of Macedonia - Accounting and Finance ( email )

156 Egnatia Str.
Thessaloniki, 54006
Greece

Efstratios Livanis

University of Macedonia - Accounting and Finance ( email )

156 Egnatia Str.
Thessaloniki, 54006
Greece

Do you have a job opening that you would like to promote on SSRN?

Paper statistics

Abstract Views
401
PlumX Metrics