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Autor
Aslam A.L. Mohamed (Ministry of National Policy Planning, Sri Lanka)
Tytuł
Impact of Money Supply on Sri Lankan Economy: An Econometric Analysis
Źródło
International Letters of Social and Humanistic Sciences (ILSHS), 2016, vol. 67, s. 11-17, tab., wykr., bibliogr. 11 poz.
Słowa kluczowe
Podaż pieniądza, Wzrost gospodarczy, Dochody, Eksport, Import
Money supply, Economic growth, Income, Export, Import
Uwagi
summ.
Kraj/Region
Sri Lanka
Sri Lanka
Abstrakt
Economists argue that the money supply positively impact on economic growth of nations. In Sri Lankan context this statement was not tested econometrically. Therefore, the aim of this study was to scrutinize the impact of money supply on Sri Lankan economy. To exam this objective, this study considered the time series data from the period of 1959 to 2013 and used two types of variables such as dependent and independent variables. Here, the gross domestic product was considered as dependent variable, and Money supply, Exchange rate, Exports earnings, Imports outflow, the Colombo consumer price index were deemed as independent variables. In the meantime, the multivariate econometric method was used to test the impacts of money supply on economic growth of Sri Lanka. According to the analytical results, the money supply has kept positive impact on the economic growth of Sri Lanka at 1% significant level. The R-squared of the estimated model was 92% which was indicated that the estimated model was desirable. Meanwhile, the Durbin Watson test statistic was 2.43 and also the Breusch -Godfrey serial correlation LM test results was greater than 5%. Therefore, these statistics indicated that, the estimated model was not suffering from serial correlation. (original abstract)
Pełny tekst
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Bibliografia
Pokaż
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  8. M. Lashkary, B.H. Kashani, the Impact of Monetary Variable on Economic Growth in Iran: A Monetarists' Approach, World Applied Science Journal, 15(3) (2011) 449 - 456.
  9. M. Nouri, A.J. Samimi, The Impact of Monetary Policy on Economic Growth in Iran, Middle - East Journal of Scientific Research, 9(6) (2011) 740 - 743.
  10. M. S. Ogunmuyiwa, E. Francis, Money supply - Economic growth Nexus in Nigeria, Journal of Social Sciences, 22(3) (2010) 199 - 204.
  11. N. Ikechukwu, The impact of Money Supply on Economic Growth in Nigeria (1981- 2010), Department of economics, Faculty of Management and Social Sciences, Cristias university, Amorji - Nike, Enugu, Nigeria (2012).
Cytowane przez
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ISSN
2300-2697
Język
eng
URI / DOI
https://doi.org/10.18052/www.scipress.com/ILSHS.67.11
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