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Testing the Kumara Swamy Theorem of Inflationary Gap: Empirical Evidence from Canada

Journal of Financial Management and Analysis, Vol. 25, No.1, 2012

Posted: 8 Oct 2012

See all articles by Larry Bauer

Larry Bauer

Memorial University of Newfoundland (MNU) - Faculty of Business Administration

Alex Faseruk

Memorial University of Newfoundland (MNU) - Faculty of Business Administration

Date Written: 2012

Abstract

This paper empirically tests the Kumara Swamy Theorem of Inflationary Gap for Canada over the period 1997-2011 and compares the results with Lazaridis and Livanis (2010) for the Greek and Cypriot economies. While this paper finds favorable results in the direction of the hypothesis, it demonstrates weak support for the postulated magnitude but concedes that there were confounding factors over the testing period. The paper concludes with suggestions for further extensive research to test the Theorem further.

Keywords: Inflationary Gap, Canada, Confounding factors

JEL Classification: C82, E31, E52, E58

Suggested Citation

Bauer, Larry and Faseruk, Alex, Testing the Kumara Swamy Theorem of Inflationary Gap: Empirical Evidence from Canada (2012). Journal of Financial Management and Analysis, Vol. 25, No.1, 2012, Available at SSRN: https://ssrn.com/abstract=2158080

Larry Bauer

Memorial University of Newfoundland (MNU) - Faculty of Business Administration ( email )

St. John's, NL A1B 3X5
Canada
709-864-8512 (Phone)

Alex Faseruk (Contact Author)

Memorial University of Newfoundland (MNU) - Faculty of Business Administration ( email )

St. John's, Newfoundland A1B 3X5
Canada

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