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Fig 1.

Literature search flow diagram.

Source: Based on authors’ observations.

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Fig 1 Expand

Fig 2.

Graphical representation of changes between inflation and economic growth.

Source: Authors’ illustration based on CBSL [56] and DCS [57].

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Fig 2 Expand

Fig 3.

Time series plot to check stationary.

Source: Authors’ illustration based on CBSL [56] and DCS [57].

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Fig 3 Expand

Table 1.

Unit root tests for stationarity–GDP and INF.

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Table 1 Expand

Table 2.

Results of ARDL bound test and ECM.

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Table 2 Expand

Table 3.

Results of post estimation diagnostic and stability tests.

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Table 3 Expand

Fig 4.

Results of CUSUM squared.

Source: Authors’ illustration based on CBSL [56] and DCS [57].

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Fig 4 Expand