Record Details

The dynamic relationship between money supply and economic growth

Economic Journal of Emerging Markets

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Title The dynamic relationship between money supply and economic growth
 
Creator Antoni, Antoni; Department of Economics, Bung Hatta University, Padang, Indonesia
 
Subject Economic
Financial development, economic growth, interest rate, money supply
E5, E51, O42,
 
Description This study analyzes the influence of the financial sector to economic growth in Indonesia. The variables used are the country's financial sectors which are narrow money (M1), broad money (M2) and money the broadest money (M3), with an interest rate as a control variable. Economic growth is represented by Gross Domestic Product and producer price index. The analysis is performed using an Autoregressive Distributed Lag model (ARDL). The stability test is conducted using CUSUM test to see the changes in the structure and the effect of disruption to financial sector development relationship of economic growth. ARDL analysis results indicate that the development of the financial sector has a significant relationship with the country's economic growth. CUSUM analysis results suggest that the relationship of financial sector development-economic growth is stable against changes in economic structure.
 
Publisher Universitas Islam Indonesia
 
Contributor —
 
Date 2015-10-01
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
—
 
Format application/pdf
 
Identifier http://journal.uii.ac.id/index.php/JEP/article/view/4259
10.20885/ejem.vol7.iss2.art2
 
Source Economic Journal of Emerging Markets; Volume 7 Issue 2, 2015; 78-92
2502-180X
2086-3128
 
Language eng
 
Relation http://journal.uii.ac.id/index.php/JEP/article/view/4259/3767
 
Coverage developing countries
the influence of the financial sector to economic growth in Indonesia
Gross Domestic Product and producer price index
 
Rights Copyright (c) 2016 Economic Journal of Emerging Markets