A. Ndoricimpa, N. E. Osoro, A. Kidane APPLIED ECONOMETRICS / ПРИКЛАДНАЯ ЭКОНОМЕТРИКА Прикладная эконометрика, 2016, т. 41, с. 5–23. <...> A. Ndoricimpa, N. E. Osoro, A. Kidane1 Threshold effects of inflation on economic growth in selected African regional economic communities: Evidence from a dynamic panel threshold modeling The objective of this study is to estimate inflation threshold and examine its impact on the inflation-growth nexus in selected African regional economic communities. <...> However, since African regional groupings themselves have different inflation experiences, non-linearity in the relationship between inflation and growth is explored within each grouping separately. <...> The study uses dynamic panel threshold modeling recently suggested by Kremer et al. (2013) which extends the non-dynamic panel threshold model of Hansen (1999) and the cross-sectional threshold model of Caner and Hansen (2004). <...> Nonlinearity in inflation-growth nexus seems to hold in CEMAC, COMESA and SADC while it is questioned in WAEMU and WAMZ. <...> For CEMAC, COMESA and SADC, the findings indicate that inflation above the threshold is harmful to growth. <...> Osoro Nehemiah E. — University of Dar es Salaam, Dar es Salaam, Tanzania; osoro@udsm.ac.tz. <...> Kidane Asmerom — University of Dar es Salaam, Dar es Salaam, Tanzania; akidane@udsm.ac.tz. <...> Macroeconomics Макроэкономика 5 hile the classic view is that inflation is generally a bad thing since it wastes resources (Altig, 2003), the relationship between inflation and growth is traditionally linear; it is either positive or negative depending on whether money is a substitute for capital 2016, 41 2016, 41 The primary objective of most central banks is to control inflation by keeping it low so as to ПРИКЛАДНАЯ ЭКОНОМЕТРИКА / APPLIED ECONOMETRICS mitigate or altogether eliminate its direct and indirect adverse effects on the economic activity and growth. <...> Moreover, African countries in their regional economic communities have set convergence criteria concerning inflation [COMESA (5%), EAC (5%), SADC (3%), CEMAC (3%), WAEMU (3%) and WAMZ (single digit)]2; one would wonder how optimal these targets are. <...> This study seeks to explore nonlinearity in the relationship between inflation <...>