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Inflation in Relation to Economic Development

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1976(1968) Structural Inflation-Lock and Balanced Growth11The general ideas presented below in Sections VII-IX formed the object of a number of public lectures and seminars given by the author in Brazil and Argentina during the summer of 1966. A preliminary version of the present paper was read at the annual meeting of the Southern Economic Association (November 18, 1967) and during 1968 at several faculty seminars in the United States. A short Portuguese version, “O Estrangulamento: Inflaçãb Estrutural e o Crescimento Econômico,” appeared in Revista Brazileira de Economia, XXII, No. 1 (March 1968), pp. 5–14.The author wishes to acknowledge also the help of his research assistants, Aly Alp Ercelawn and Ibrahim Eris, especially the former's tenacity in collecting and systematizing the statistical data from highly disparate sources.11 cited

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