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Inflation and growth dynamics: the Indian experience

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  • Hrushikesh Mallick

Abstract

This study investigates the impact of inflation on economic growth in India during the period 1960 to 2005. Applying cointegration procedures, I find that inflation rates have a significant adverse impact on economic growth while investment has a favorable impact. This suggests a policy of targeting price stability is desirable to achieve a higher rate of economic growth in emerging markets.

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  • Hrushikesh Mallick, 2008. "Inflation and growth dynamics: the Indian experience," Journal of Economic Policy Reform, Taylor and Francis Journals, vol. 11(3), pages 163-172.
    • Handle: RePEc:taf:jecprf:v:11:y:2008:i:3:p:163-172
    DOI: 10.1080/17487870802327249
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    References listed on IDEAS

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    8. Bruno, Michael & Easterly, William, 1998. "Inflation crises and long-run growth," Journal of Monetary Economics, Elsevier, vol. 41(1), pages 3-26, February.
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    Cited by:

    1. Gennady Shkliarevsky, 2023. "Inflation and Value Creation: An Economic and Philosophic Investigation," Papers 2301.03063, arXiv.org.
    2. Muhammad Akram & Syed Shabihul Hassan & Muhammad Farhan & Hassan Mobeen Alam, 2011. "Empirical Analysis of Determinants of Economic Growth: Evidence from SAARC Countries," Journal of Economics and Behavioral Studies, AMH International, vol. 3(2), pages 115-121.

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