IRAN, TURCIYa, EGIPET: VZAIMOSVYaZI MEZhDU DENEZhNOJ MASSOJ, INFLYaCIEJ I E`KONOMIChESKIM ROSTOM (SEREDINA XX - NAChALO XXI V.)
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IRAN, TURCIYa, EGIPET: VZAIMOSVYaZI MEZhDU DENEZhNOJ MASSOJ, INFLYaCIEJ I E`KONOMIChESKIM ROSTOM (SEREDINA XX - NAChALO XXI V.)
Annotation
PII
S086919080000617-5-1
Publication type
Article
Status
Published
Edition
Pages
92-101
Abstract
This article analyzes the comparative dynamics of two nominal variables - money supply (aggregate M2) and price level (consumer price index) - and a real one (real gross domestic product) in three large middle-eastern countries since the middle 20 century and until the present time. It provides a brief survey of the economic development of Iran, Turkey and Egypt during this period, laying stress on the growth rates of GDP, money and price level, as well as explores the dynamics of the monetary base components (as a determinant of money supply). The main empirical outcome of the article (in accordance with the mainstream economic theory) is the inability of changes in money supply to infl uence long term growth of real product.
Date of publication
01.11.2010
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Additional sources and materials

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