Bitros, George C.; Panas, Epameinondas E. - EconWPA - 2005
growth and inflation to the specification of the estimating model; second, to test the stability of their relationship in the … acceleration of inflation from 1964- 1972 to 1973-1980 reduced total factor productiv-ity growth in a way that was both … statistically significant and sizeable, and b) even when the ef-fect of inflation is separated from the effects of technical change …