Long-run and Short-run Dynamic Linkages Among Capacity Utilization, Inflation and Per Capita Income: Theoretical and Empirical Enquiries for Panel of Countries
Published online on January 15, 2024
Abstract
Global Business Review, Ahead of Print.
Traditional macroeconomic theory explains inflation as the result of excess demand surpassing the full employment level of supply. However, achieving full employment doesn’t necessarily mean that the production system is operating at its maximum capacity. ...
Traditional macroeconomic theory explains inflation as the result of excess demand surpassing the full employment level of supply. However, achieving full employment doesn’t necessarily mean that the production system is operating at its maximum capacity. ...