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Journal of Empirical Studies

June 2015, Volume 2, 2, pp 34-39

Impact of Inflation on Per Capita Income in Emerging Economies: Evidence from BRICS Nations

Khalid Ashraf Chisti


Khursheed Ali


Mohi-ud-din Sangmi

Khalid Ashraf Chisti 1

Khursheed Ali 2
Mohi-ud-din Sangmi 3

  1. Lecturer, Department of Business and Financial Studies, University of Kashmir, Srinagar 1

  2. Assistant Professor, Department of Business and Financial Studies, University of Kashmir, Srinagar 2

  3. Professor and Head, Department of Business and Financial Studies, University of Kashmir, Srinagar 3

Pages: 34-39

DOI: 10.18488/journal.66/2015.2.2/

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In this paper an attempt has been made to analyse the impact of Inflation on per capita income of emerging economies. In order to achieve the objective of the study the researchers have taken five major emerging countries of the world which are the members of BRICS. For the purpose of analysis the data related to thirteen years have been taken from 1999 to 20011. After employing the regression model, the results confirm that independent variable (inflation) do not statistically influence the dependent variable (Per Capita Income) in the three countries which are India, Brazil and South Africa. However, in the other two countries (China and Russia) the findings affirm the independent variable (Inflation) do statistically influence the dependent variable (Per Capita Income).Therefore, it can be concluded that a change in the inflation can not necessarily bring a change in the  per capita income of  the country.
Contribution/ Originality



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  3. Blejer Mario, I. and G. Isabel, 1988. The impact of macroeconomic policies on income distribution: An empirical study. IMF Working Paper No. 88/57. Washington: International Monetary Fund.
  4. Bulir, A. and G. Anne-Marie, 1995. Inflation and income distribution: Further evidence on empirical links. IMF Working Paper No. 95/86. Washington: International Monetary Fund.
  5. Ehiraika, A., 2008. Promoting manufacturing to accelerate economic growth and reduce volatility. In Africa African Economic Conference, 2005.
  6. Erkin, B., 1988. Government expenditure and economic growth: Reflections on Professor Ram’s approach, a new framework and some evidence from New Zealand time series data. Keio Economic Studies, 25(1): 59-66.
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