NDLI: Ination and Economic Growth in Latin America: Some Panel Time-Series Evidence (2011)

Content Provider	CiteSeerX
Author	Bittencourty, Manoel
Abstract	In this paper we investigate the role of macroeconomic performance, mainly in terms of rates of ination, in determining economic growth in four Latin American countries which su¤ered hyperinationary bursts in the 1980s and early 1990s, but that also di¤er in terms of develop-ment levels. The data set covers the period between 1970 and 2007, and the empirical results, based on panel time-series data and analysis, con rm the anecdotal evidence which suggests that ination has had a detrimental e¤ect to growth in the region. All in all, we highlight the fact that excessive ination has clearly o¤set the Mundell-Tobin e¤ect and consequently the high costs that ination has had on economic activity in the region.
File Format	PDF
Publisher Date	2011-01-01
Access Restriction	Open
Content Type	Text
Resource Type	Article

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