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- W2007165695 abstract "This paper investigates inflation thresholds that lead to higher growth rates using five-year averages of standard variables for 84 countries from 1965 to 2004. The historical experience has important policy implications for developing countries: (i) the catch-up effect has worked only when inflation is below 12%; (ii) the positive effect of human capital on growth has been present and significant when inflation has been below 15%; (iii) financial development has been effective only when inflation has been below 10%; (iv) government size has negatively affected growth when inflation has been below 10%; (v) trade has positively affected growth when inflation has been below 8%." @default.
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- W2007165695 date "2013-03-01" @default.
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- W2007165695 title "Inflation Thresholds and Growth" @default.
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- W2007165695 doi "https://doi.org/10.1080/10168737.2012.658831" @default.
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