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rate regime and economicperformance. The paper argues that adopting a pegged exchange rate canlead to lower inflation, but …
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Although few would doubt that very high inflation is bad for growth, there is much less agreement about moderate … inflation’s effects. Using panel regressions and a nonlinear specification, this paper finds a statistically and economically … significant negative relationship between inflation and growth. This relationship holds at all but the lowest inflation rates and …
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The number of variables related to long-run economic growth is large compared with the number of countries. Bayesian model averaging is often used to impose parsimony in the cross-country growth regression. The underlying prior is that many of the considered variables need to be excluded from...
Persistent link: https://www.econbiz.de/10008657134
This work brings together two distinct pieces of evidence concerning, at macro level, international distributions of incomes and their dynamics, and, at micro level, the size distributions of firms and the properties of their growth rates. Moreover, we take into the picture an intermediate level...
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1975-1996 growth determinants according to World Bank income data turn out to be irrelevant when using Penn World Table …
Persistent link: https://www.econbiz.de/10003636074