“…A vast majority of the earlier empirical literature based their empirical estimates on panels consisting of both developing and developed economies (Fischer (1993), Barro (1995), Bruno andEasterly (1998), Sarel (1996), Ghosh and Phillips (1998) and Kahn and Senhadji (2001), Drukker et al (2005), Hineline (2007), Kremer et. (2009), Vaona (2012, Vinayagathasan (2013), Seleteng et al (2013), Eggoh and Kahn (2014), Ibarra and Trupkin (2016) and Ndoricimpa (2017)). Notably these studies advocate for a negative effect of inflation on economic growth in both developed and developing economies, although inflation was deemed to have a stronger adverse effect in industrialized economies.…”