Paul, Satya; Kearney, Colm; Chowdhury, Kabir - In: Applied Economics 29 (1997) 10, pp. 1387-1401
The world eocnomy is currently adjusting to a low inflation regime which has implicastions for the cross-country distribution of world growth opportunities. In contrast to previous related work which assumes unidirectional causality, this paper uses the Granger methodology to examine both the...