Inflation and Economic Growth in the SADC: Some Panel Time-Series Evidence
Manoel Bittencourt, Renee van Eyden and Monaheng Seleteng
Authors registered in the RePEc Author Service: Manoel Bittencourt and
Renee van Eyden ()
No 404, Working Papers from Economic Research Southern Africa
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 oÂ¤set the prospective 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: Inflation; Growth; SADC (search for similar items in EconPapers)
JEL-codes: E31 O11 O42 O55 (search for similar items in EconPapers)
Pages: 24 pages
New Economics Papers: this item is included in nep-afr, nep-gro and nep-mac
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Working Paper: Inflation and Economic Growth in the SADC: Some Panel Time-Series Evidence (2013)
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Persistent link: https://EconPapers.repec.org/RePEc:rza:wpaper:404
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