This paper tests a model based on the conflict approach to inflation, in which inflationary pressure stems from growth of real income claims exceeding growth of real income available. The hypothesis is that such excess claims growth induces an inflationary credit expansion which may be enhanced...

Estimation of a structural economic growth equation using data for 26 sub-Saharan African countries over the years 1974-92 reveals positive growth effects of membership in the French African Community (CFA) zone stemming from an enhanced productivity of investment. However, these effects appear...