Inflation and Economic Growth in the SADC: Some Panel Time-Series Evidence
Renee van Eyden () and
Monaheng Seleteng ()
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Monaheng Seleteng: Department of Economics, University of Pretoria
No 201354, Working Papers from University of Pretoria, Department of Economics
In this paper we investigate the role of inflation rates in determining economic growth in fifteen sub-Saharan African countries, which are all members of the Southern African Development Community (SADC), between 1980 and 2009. The results, based on panel time-series data and analysis, suggest that inflation has had a detrimental effect to growth in the region. All in all, we highlight not only the fact that inflation has offset the Mundell-Tobin effect and consequently reduced, the much needed, economic activity in the region, but also the importance of an institutional framework conducive to a stable macroeconomic environment as a precondition for development and prosperity in the community.
Keywords: In?ation; Growth; SADC (search for similar items in EconPapers)
JEL-codes: E31 O11 O42 O55 (search for similar items in EconPapers)
Pages: 21 pages
New Economics Papers: this item is included in nep-afr and nep-mac
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Working Paper: Inflation and Economic Growth in the SADC: Some Panel Time-Series Evidence (2014)
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Persistent link: https://EconPapers.repec.org/RePEc:pre:wpaper:201354
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