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Impact Of Inflation On Per Capita Income In Emerging Economies: Evidence From Brics Nations

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  • Khalid Ashraf CHISTI

    (Department of Business and Financial Studies, University of Kashmir, Srinagar)

  • Khurseed ALI

    (Department of Business and Financial Studies, University of Kashmir, Srinagar)

  • Mohi-u-Din SANGMI

    (Department of Business and Financial Studies, University of Kashmir, Srinagar)

Abstract

In this paper an attempt has been made to analyse the impact of Inflation on per capita income of emerging economies. In order to achieve the objective of the study the researchers have taken five major emerging countries of the world which are the members of BRICS. For the purpose of analysis, the data of thirteen years has been taken from 1999 to 2011. After employing the regression model, the results confirm that independent variable (inflation) does not statistically influence the dependent variable (Per Capita Income) in three countries which are India, Brazil and South Africa. However, in the other two countries (China and Russia) the findings affirm the independent variable (Inflation) does statistically influence the dependent variable (Per Capita Income).Therefore, it can be concluded that a change in the inflation rate can not necessarily bring a change in the per capita income of a country.

Suggested Citation

  • Khalid Ashraf CHISTI & Khurseed ALI & Mohi-u-Din SANGMI, 2015. "Impact Of Inflation On Per Capita Income In Emerging Economies: Evidence From Brics Nations," Network Intelligence Studies, Romanian Foundation for Business Intelligence, Editorial Department, issue 6, pages 97-101, December.
    • Handle: RePEc:cmj:networ:y:2015:i:5:p:97-101
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    1. Fischer, Stanley, 1993. "The role of macroeconomic factors in growth," Journal of Monetary Economics, Elsevier, vol. 32(3), pages 485-512, December.
    2. Robert M. Solow, 1956. "A Contribution to the Theory of Economic Growth," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 70(1), pages 65-94.
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