Inflation and economic development in Latin America: Some new evidence |
| |
| Authors: | Laura Randall |
| |
| Institution: | Assistant Professor in the Department of Economics , Hunter College of the City University of New York |
| |
| Abstract: | This article presents an evaluation of various relationships that explain shifts in economic structure. These are (1) inflation as measured by (a) the wholesale price index, and (b) sectoral price index; (2) changes in sectoral profits; and, (3) changes in alternate sectoral profits. Changes in sectoral profits (measured by sectoral price minus wholesale price) were more strongly correlated to changes in economic structure than either wholesale or sectoral price indices, while changes in economic structure are as expected when compared to changes in alternate sectoral profits in all but three of the years studied. |
| |
| Keywords: | |
|
|
