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growth. In this study, the role of inflation volatility versus the role of institutions in growth is studied by adding the … volatility of inflation and its interaction term with legal and financial institutions to the growth regression. The aim is to … determine how the total effect of inflation volatility on growth is affected by the level of institutional development. The main …
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growth. In this study, the role of inflation volatility versus the role of institutions in growth is studied by adding the … volatility of inflation and its interaction term with legal and financial institutions to the growth regression. The aim is to … determine how the total effect of inflation volatility on growth is affected by the level of institutional development. The main …
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A surprisingly large number of countries have been able to finance a significant fraction of domestic investment using foreign finance for extended periods. While many of these episodes are in low-income countries where official finance is more important than private finance, we also identify a...
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