| Author: | Zind, R. G. |
| Title: | On inflation and growth in the LDCs. |
| Journal: | Economic Studies Quarterly
1993 : JUN, VOL. 44:2, p. 108-116 |
| Index terms: | INFLATION GROWTH MONEY SUPPLY LESS-DEVELOPED COUNTRIES |
| Language: | eng |
| Abstract: | The relation between changes in the price level and in income growth in the Less Developed Countries (LDCs) is analyzed. Based on the World Bank 1965-1980 growth rates data drawn from 66 LDCs, significant evidence of a positive causal relation between the money supply growth rate and the inflation rate was found as well as a negative causal relation between income growth and the inflation rate. It is also found that the money supply growth rate impacted positively both the inflation rate and income growth. |
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