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The effects of inflation on economic growth in industrial and developing countries: is there a difference?

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  • Richard Burdekin
  • Thomas Goodwin
  • Suyono Salamun
  • Thomas Willett

Abstract

Using panel estimation for a large sample of industrial and developing countries we find significant negative effects of inflation on economic growth. The magnitude of these effects is, however, much larger for the industrial countries than for the developing countries

Suggested Citation

  • Richard Burdekin & Thomas Goodwin & Suyono Salamun & Thomas Willett, 1994. "The effects of inflation on economic growth in industrial and developing countries: is there a difference?," Applied Economics Letters, Taylor & Francis Journals, vol. 1(10), pages 175-177.
  • Handle: RePEc:taf:apeclt:v:1:y:1994:i:10:p:175-177
    DOI: 10.1080/135048594357952
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    References listed on IDEAS

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    1. Richard N. Cooper, 1992. "Economic Stabilization and Debt in Developing Countries," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262031876, January.
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    Cited by:

    1. Burdekin, Richard C.K. & Denzau, Arthur T. & Keil, Manfred W. & Sitthiyot, Thitithep & Willett, Thomas D., 2004. "When does inflation hurt economic growth? Different nonlinearities for different economies," Journal of Macroeconomics, Elsevier, vol. 26(3), pages 519-532, September.
    2. Javier Andrés & Ignacio Hernando & J. David López-Salido, 1999. "Assessing the benefits of price stability: The international experience," Estudios Económicos, Banco de España;Estudios Económicos Homepage, number 69, March.
    3. Richard C.K. Burdekin & Arthur T. Denzau & Manfred W. Keil & Thitithep Sitthiyot & Thomas D. Willett, "undated". "Nonlinear Effects of Inflation on Growth: Comment," Claremont Colleges Working Papers 2000-23, Claremont Colleges.

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