Andres, J. and Ignacio, 1999. Dose inflation harm economic growth? Evidence from the OECD. University of Chicago. pp: 315-348.
Barro, J.R., 1995. Inflation and economic growth (No. w5326). National bureau of economic research.
Behera, J., 2014a. Inflation and its impact on economic growth: Evidence from six South Asian countries. Journal of Economics and Sustainable Development, 5(7): 145-154.
Behera, J., 2014b. Inflation and economic growth in seven South Asian countries: Evidence from panel data analysis. EPRA International Journal of Economics and Business Review, 2(6): 15-20.
Behera, J. and A.K. Mishra, 2016. Inflation and economic growth nexus in BRICS: Evidence from ARDL bound testing approach. Asian Journal of Economic Modelling, 4(1): 1-17. View at Google Scholar | View at Publisher
Bhaduri, N.S., 2013. Revisiting the growth inflation nexus: A wavelet analysis. Working 77, Madras School of Economics, Chennai 600 025, India.
Boyd, 2001. The impact of inflation on financial sector performance. Carlson school of management, University of Minnesota, MN 55455, USA Department of Economics, University of Texas, Austin, TX 78712, USA.
Dickey, D.A. and W.A. Fuller, 1981. The likelihood ratio statistics for autoregressive time series with a unit root. Econometrica, 49(9): 1057-1072. View at Google Scholar
Eaboyka, E. and H.A. Okuyan, 2008. Does inflation depress economic growth? Evidence from Turkey. International Research Journal of Finance and Economics, 13(17): 40-48. View at Google Scholar
Fischer, S., 1993. The role of macroeconomic factor in growth. Journal of Monetary Economics, 32(3): 485-512. View at Google Scholar
Gokul and S. Hanif, 2004. Relationship between inflation and economic growth. Working Paper No 2004/04, Economics Department. Reserve Bank of Fiji.
Gylfason, 2001. Dose inflation matters for growth? University of ice land, center for business and policy studies. Stockholm, Sweden: CEPR. Institute of Economic Studies.
Khan, M.S. and A.S. Senhadji, 2001. Threshold effects in the relationship between inflation and growth. IMF Staff Papers, 48(1): 1-21. View at Google Scholar
Mashiri, S. and A. Sepehri, 2004. Inflation growth profiles across countries: Evidence from developing and developed countries. International Review of Applied Economics, 18(2): 191-207.
Phillips, A.W., 1958. The relationship between unempolyment and the rate of change of money wages in the United Kingdom, 1861-1957. Economica, 25(100): 283-299. View at Google Scholar | View at Publisher
Saaed, A., 2007. Inflation and economic growth in Kuwait: 1985-2008- Evidence from co-inetgration and error correction model. Applied Econometrics and International Development, 7(1): 143-155. View at Google Scholar
Sarel, M., 1995. Non-linear effects of inflation on economic growth. IMF Working Paper WP/95/96, Research Department.
Shitundu, J.L. and E.G. Luvarda, 2000. The effects of inflation and economic growth in Tanzania. African Journal of Finance and Management, 9(1): 70-77. View at Publisher
(2016). Dynamics of Inflation, Economic Growth, Money Supply and Exchange Rate in India: Evidence from Multivariate Analysis. Quarterly Journal of Econometrics Research, 2(2): 42-54. DOI: 10.18488/journal.88/2016.2.2/126.96.36.199
The present study investigates the dynamics of inflation, GDP and
exchange rate and money supply in India for the period 1975-2012. The
data source is cumulated from the Reserve Bank of India (RBI) Handbook
of Statistics 2012. The empirical findings of the study show that there
is a long-run equilibrium relationship exist among the variables. The
result also suggest that money supply has a positive effect on GDP
growth in India. The result of error correction indicates that correct
and negative sign for Gross Domestic Product and exchange rate. The
behavior of GDP implies there is no problem of adjustment in the long
run in case of shocks in the short run. The VECM Granger causality
confirms that unidirectional causality from GDP to inflation and
exchange rate to inflation. The result also found that exchange rate
Granger causes both GDP and money supply at 10 percent level of
significance. The impulse response result shows that GDP has a positive
response to money supply from the occurrence to the end of the period.
Whereas the response of exchange rate to money supply negative in the
whole lag period. The variance decomposition result explainss that no
significant part of variance is caused by money supply. The result also
reveals that cyclical variance of GDP caused by money supply, exchange
rate, and inflation.
This study is one of very few studies which has investigated the growth
inflation relationship in the context of India in a new approach using
Panel Data Analysis of the Impact of Economic Freedom as Well as Economic Conditions, The Quality of Life, and Public Education Spending on U.S. Undocumented Immigrant Settlement Patterns
Aidt, T., 2008. Governance regimes, corruption and growth: Theory and evidence. Journal of Comparative Economics, 36(2): 509-533.
Ali, A. and W.M. Crain, 2001. Political regimes, economic freedom, institutions and growth. Journal of Public Finance and Public Choice, 19(1): 3-22.
Belasen, A.R. and R.W. Hafer, 2013. Do changes in economic freedom affect well being? Journal of Regional Analysis and Policy, 43(1): 56-64.
Bennett, D.L. and R.K. Vedder, 2013. A dynamic analysis of economic freedom and income inequality in the 50 U.S. States. Journal of Regional Analysis and Policy, 43(1): 42-55.
Betts, J.R. and R.W. Fairlie, 2003. Does immigration induce ‘native flight’ from public schools into private schools? Journal of Public Economics, 87(4): 987-1012.
Bureau of Business & Economic Research University of New Mexico, 2013. Medina income by state. Retrived from http://bber.unm.edu/.
Cebula, R.J., 1978. An empirical note on the tiebout-tullock hypothesis. Quarterly Journal of Economics, 92(4): 705-711.
Cebula, R.J., 2014. The impact of economic freedom and personal freedom on net in- migration in the U.S.: A state-level empirical analysis, 2000-2010. Journal of Labor Research, 35(1): 88-103.
Cebula, R.J., 2015. Give me sanctuary! The impact of personal freedom afforded by sanctuary cities on the 2010 undocumented immigrant settlement pattern within the U.S., 2SLS estimates. Journal of Economics and Finance, 40(4): 792–802. DOI 10.1007/s12197-015-9333-7.
Cebula, R.J. and G. Alexander, 2006. Determinants of net interstate migration, 2000-2004. Journal of Regional Analysis and Policy, 27(2): 116-123.
Cebula, R.J., J.R. Clark and F.G. Mixon, 2013. The impact of economic freedom on per capita real GDP: A study of OECD nations. Journal of Regional Analysis and Policy, 43(1): 34-41.
Cebula, R.J., C. Duquette and F.G. Mixon, 2013. Factors influencing the state-level settlement pattern of the undocumented immigrant population in the United States. Atlantic Economic Journal, 41(3): 203-213.
Cebula, R.J., M. Foley and R. Boylan, 2014. The impact of unionization and other factors on undocumented immigrant settlement patterns in the United States. Applied Economics Letters, 21(4): 272-275.
Cebula, R.J. and F.G. Mixon, 2014. The roles of economic freedom and regulatory quality in creating a favorable environment for investment in energy R&D, infrastructure, and capacity. American Journal of Economics and Sociology, 73(2): 299-324.
Clark, J.R. and R. Lawson, 2008. The impact of economic growth, tax policy, and economic freedom on income inequality. Journal of Private Enterprise, 24(1): 23-31.
Congressional Research Service, 2006. Enforcing immigration law: The role of state and local law enforcement. Washington, D.C.: The Library of Congress.
Conway, K.S. and A.J. Houtenville, 1998. Do the elderly ‘vote with their feet’? Public Choice, 97(1): 63-85.
Council for Community and Economic Research, 2013. Cost of living index. Retrived from http://www.coli.org.
Dawson, J.W., 1998;2003. Institutions, investment, and growth: New cross-country and panel data evidence. Economic Inquiry, 36(4): 603-619.
Esposito, A. and P. Zaleski, 1999. Economic freedom and the quality of life: An empirical analysis. Constitutional Political Economy, 10(2): 185-197.
Flores, S.M. and C.L. Horn, 2009. College persistence and undocumented students at a selective public university: A quantitative case study analysis. Journal of College Student Retention, 11(1): 57–76.
Frey, B.S. and A. Stutzer, 2002A;2002B. The economics of happiness. World Economics, 3(1): 1-17.
Frey, B.S. and A. Stutzer, 2002B. What can economists learn from happiness research? Journal of Economic Literature, 40(2): 402-435.
Gale, L.R. and W.C. Heath, 2000. Elderly internal migration in the U.S. Revisited. Public Finance Review, 28(2): 153-577.
Gerdes, C., 2013. Does immigration induce. Native flight from public schools? Annals of Regional Science, 50(2): 645-666.
Gradstein, M. and M. Justman, 2000. Human capital, social capital, and public schooling. European Economic Review, 44(4): 879-890.
Gradstein, M. and M. Justman, 2002. Education, social cohesion, and economic growth. American Economic Review, 92(4): 1192-1204.
Gropper, D.R., R. Lawson and J. Thorne, 2011. Economic freedom and happiness. Cato Journal, 31(2): 237-255.
Gwartney, J., R.A. Holcombe and R.A. Lawson, 2006. Institutions and the impact of investment on growth. Kyklos, 59(2): 255-276.
Gwartney, J., R.A. Lawson and W. Block, 1996. Economic freedom of the world: 1975-1995. Vancouver, B.C. Canada: Fraser Institute.
Gwartney, J., R.A. Lawson and J. Hall, 2013. Economic freedom of the world. Fraser Institute. Retrived from http://www.freetheworld.com/datasets_efw.html.
Hagerty, M. and R. Veenhoven, 2003. Wealth and happiness revisited—growing national income does go with greater happiness. Social Indicators Research, 64(1): 1-27.
Hall, J., 2013. Economic freedom and regional economics. Journal of Regional Analysis and Policy, 43(1): 1-2.
Hall, J., R. Sobel and G. Crowley, 2010. Institutions, capital, and growth. Southern Economic Journal, 77(3): 385-405.
Hanson, G.H., 2006. Illegal immigration from Mexico to the United States. Journal of Economic Literature, 44(4): 869-924.
Heckelman, J.C. and M.D. Stroup, 2000. Which economic freedoms contribute to economic growth? Kyklos, 53(4): 527-544.
Heritage Foundation, 2013. Economic freedom indices: Explore the data. Retrived from http://www.heritage.org/Index/Explore.aspx.
Islam, S., 1996. Economic freedom, per capita income, and economic growth. Applied Economics Letters, 3(10): 595-597.
Kaushal, N., 2008. In-State tuition for the undocumented: Education effects on Mexican young adults. Journal of Policy Analysis and Management, 27(4): 771–792.
Koch, J.V., 2008. The impact of undocumented immigration on ID theft in the United States: An empirical study: An empirical study. Open Economics Journal, 1(1): 37-46.
Mavisakalyan, A., 2011. The impact of immigration on school choice: Evidence from Australia. Paper Prepared for Australian Public Choice Conference 2009.
Mavisakalyan, A., 2011. Immigration, public education spending, and private schooling. Southern Economic Journal, 78(2): 397-423.
Mixon, F.G.J., 1993. Friends or strangers? Examining the theoretical and empirical evidence on immigration. International Journal of Social Economics, 20(10): 46-54.
Nair-Reichert, U., 2015. Access to higher public education and location choices of undocumented migrants: An exploratory analysis. International Advances in Economic Research, 21(2): 189-199.
Nikolaev, B., 2014. Economic freedom and quality of life—Evidence from the OECD’s your better life index. Journal of Private Enterprise, 29(2): 97-117.
Nikolaev, B., J. Hall, J. Pulito and B. Van Metre, 2013. Economic freedom and entrepreneurship-new evidence from the States. American Journal of Entrepreneurship, 6(1): 85-99.
Nissan, E. and F. Niroomand, 2008. Linking labor productivity to economic freedom. American Economist, 52(2): 42-53.
Norton, S.W., 1998. Poverty, property rights, and human well-being: A cross-national study. Cato Journal 18(2): 233-246.
Pew Research Center, 2013. Unauthorized immigrant population, by state. Retrived from www.pewhispanic.org/interactives/unauthorized-immigrants-2012/.
PRC, 2016. Hispanic trends. Available from firstname.lastname@example.org.
Renas, S.M., 1980. An empirical note on the tiebout-tullock hypothesis: Comment. Quarterly Journal of Economics, 94(3): 619-623.
Renas, S.M., 1978. The cost of living, labor market opportunities, and the migration decision. Annals of Regional Science, 15(1): 95-104.
Renas, S.M., 1983. The cost of living, labor market opportunities, and the migration decision: More on problems of misspecification and aggregation bias. Annals of Regional Science, 17(1): 98-110.
Ruger, W.P. and J. Sorens, 2009. Freedom in the 50 states: An index of personal and economic freedom. Fairfax, VA: Mercatus Center, George Mason University.
Saltz, I.S., 1998. State income taxation and geographic labor force mobility in the United States. Applied Economics Letters, 5(5): 599-604.
Stansel, D., 2013. An economic freedom index for U.S. Metropolitan areas. Journal of Regional Analysis and Policy, 43(1): 3-20.
Stansel, D., J. Torra and F. McMahon, 2014;2015. Economic freedom of North America, 2014. Fraser Institute. Retrived from http://www.freetheworld.com/2014/efna/economic-freedom-of-north-america-2014-us-edition.pdf.
Stansel, D., J. Torra and F. McMahon, 2015. Economic freedom of North America. Fraser Institute. Retrived from www.freetheworld.com or http://www.fraserinstutute.org.
Stroup, M., 2007. Economic freedom, democracy, and the quality of life. World Development, 35(1): 52-66.
Tella, R., R. MacCulloch and A. Oswald, 2003. The macroeconomics of happiness. Review of Economics and Statistics, 85(3): 809-827.
Tortensson, J., 1994. Property rights and economic growth: An empirical study. Kyklos, 47(2): 231-247.
U.S. Census Bureau, 2007. Statistical abstract of the United States, 2007. Washington, D.C: U.S. Government Printing Office.
U.S. Census Bureau, 2008. Statistical abstract of the United States, 2009. Washington, D.C: U.S. Government Printing Office.
U.S. Census Bureau, 2009. Statistical abstract of the United States, 2007. Washington, D.C: U.S. Government Printing Office.
U.S. Census Bureau, 2012A. American community survey. Washington, D.C.: U.S. Census Bureau.
U.S. Census Bureau, 2012B. Statistical abstract of the United States, 2012. Washington, D.C: U.S. Government Printing Office.
Vedder, R.K., 1976. The American economy in historical perspective. Belmont, CA: Wadsworth.
Vedder, R.K., L.E. Gallaway, P.E. Graves and R. Sexton, 1986. An historical perspective in interregional migration in the U.S. In Housing and Migration, edited by Krumm, R.J. Mount Pleasant, MI: Blackstone Books. pp: 101-124.
(2016). Panel Data Analysis of the Impact of Economic Freedom as Well as Economic Conditions, The Quality of Life, and Public Education Spending on U.S. Undocumented Immigrant Settlement Patterns. Quarterly Journal of Econometrics Research, 2(2): 28-41. DOI: 10.18488/journal.88/2016.2.2/188.8.131.52
This study seeks to identify key factors influencing the geographic
settlement pattern of undocumented immigrants in the U.S., with a
particular emphasis on the impact of economic freedom, and to extend the
OLS findings in previous related studies. Indeed, this study adds to
the literature in several ways. First, it provides current insights into
the link between the settlement patterns of undocumented immigrants in
the U.S. and economic freedom. Second, the study adopts a panel data-set
and provides estimates using cross-section fixed-effects. Third, this
study also endeavors to provide further insights into the impacts on the
settlement patterns of undocumented immigrants of non-economic-freedom
economic conditions, as well as the quality of life and spending on
primary and secondary public education. The various state fixed-effects
estimates provided in the present study yield several conclusions. In
particular, according to these estimations, the settlement pattern of
undocumented immigrants in the U.S is inversely a function of colder
climates, higher crime rates, higher population density, and a higher
cost of living. In addition, the interstate distribution of undocumented
immigrants to the U.S. is positively a function of the annual per pupil
outlays on public primary and secondary education; it is also
positively a function of the degree of economic freedom, the principal
focus of this study.
This study contributes to the literature by providing contemporary
insights into the factors influencing settlement patterns of
undocumented immigrants in the U.S. using panel data. It is also one of
the few studies to examine the influences of economic freedom and
primary and secondary public school outlays.