Burundi'da ekonomik büyüme enflasyonunun etkisi (1980-2014)

Currently, economists seem to agree that high rates of inflation cause problem not just for some individuals; but for overall economic performance. However, there is no consensus on the relationship between inflation, economic growth and the mechanism by which inflation affects economic activity both in theoretical and empirical studies. This study aims to review the impact of inflation on economic growth in Burundi. In this research, it was seen that the continuous fluctuating inflation had a significant impact on the economic growth process of Burundi. This study employed time series annual data for a specified period (1980-2014) with an objective of ascertaining the role that consumer price index (CPI) and money supply (M2) play in growing the Burundian economy (GDP). In this study we used Co-integration, Ordinary Least Square (OLS) Method, Error Correction Model and Granger Causality Test as multiple regression of the analysis. The study established that there is no long-run relationship between inflation and economic growth in Burundi. The results of the study also showed that economic growth in Burundi is negatively response to changes in inflation. Keywords: İnflation, Economic growth, Co-integration, Burundi.