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The steady-state and dynamic performance of a stator voltage-controlled current source inverter (CSI) induction motor drive are presented. Commutation effects are neglected and the analytical results are based on the fundamental component. A synchronously rotating reference frame linearized model in terms of a set of nondimensional parameters, based on the rotor transient time constant, is developed. It is shown that the control scheme is capable of stabilizing the drive over a region identical to the statically stable region of a conventional voltage-fed induction motor. A simple approximate expression for the drive dominant poles under no-load conditions and graphical representations of the drive dynamics under load conditions are presented. The effect of parameter variations on the drive dynamic response can be evaluated from these results. An analog simulation of the drive is developed, and the results confirm the small signal analysis of the drive system. In addition the steady-state results of the analog simulation are compared with experimental results, as well as with corresponding values obtained from a stator referred equivalent circuit. The comparison indicates good correspondence under load conditions and the limitation of applying the equivalent circuit for no-load conditions without proper recognition of the system losses.