Inflation and growth dynamics: the Indian experience
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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Volume (Year): 11 (2008)
Issue (Month): 3 ()
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