IMF Staff Papers, Volume 48, No. 2

December 12, 2001

Preview Citation

Format: Chicago

IMF Staff Papers, Volume 48, No. 2, (USA: International Monetary Fund, 2001) accessed December 26, 2024

Summary

This paper analyzes the link between product variety and economic growth. It finds support for the hypothesis that a greater degree of product variety relative to the United States helps to explain relative per capita GDP levels. The paper presents an empirical study for South Africa, which indicates that there exists a stable money demand type of relationship among domestic prices, broad money, real income, and interest rates, as well as a long-term relationship among domestic prices, foreign prices, and the nominal exchange rate.

Subject: Agroindustries, Defense spending, Economic sectors, Expenditure, Inflation, Inflation targeting, Monetary policy, Prices

Keywords: Africa, Agroindustries, Currency demand, Defense spending, East Asia, Eastern Europe, Europe, Global, Inflation, Inflation targeting, Military spending, Pass-through behavior, Pass-through coefficient, Price, Product variety, SP

Publication Details

Pages:

208
Volume:

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DOI:

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Issue:

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Series:

IMF Staff Papers No. 2001/004
Stock No:

SPIEA0022001
ISBN:

9781451974256
ISSN:

1020-7635

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