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Education, Financial Institutions, Inflation and Growth

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  • Leonardo Becchetti
  • Iftekhar Hasan
  • George Mavrotas

Abstract

Our paper investigates the unexplored impact of education on inflation and of this relationship on economic growth. By using a sample of 102 countries observed on non-overlapping five-year data spells over the period 1963-2001, we find that average schooling years of the working population have a significant negative impact on inflation rates after controlling for the effects of the stance of domestic monetary policy.

Suggested Citation

  • Leonardo Becchetti & Iftekhar Hasan & George Mavrotas, 2005. "Education, Financial Institutions, Inflation and Growth," WIDER Working Paper Series RP2005-72, World Institute for Development Economic Research (UNU-WIDER).
    • Handle: RePEc:unu:wpaper:rp2005-72
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    References listed on IDEAS

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