Impact of Money Supply and Inflation on Economic Growth in Nigeria (1973-2013)

Gatawa, N. M.; Abdulgafar, Akinola; Olarinde, Muftau O.

doi:10.9790/5933-0803042637

Cited by 21 publications

(24 citation statements)

References 2 publications

(7 reference statements)

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“…Finally, broad money as a proxy for money supply also shows an insignificant negative impact on economic growth. The finding is in line with (Adusei, [35]; Gatawa, Abdulgafar and Olarinde, [34]; Ihsan and Anjum, [36]). The study recommends the government should develop mechanisms that could help mitigate the interest rate.…”

Section: Conclusion and Policy Recommendationssupporting

confidence: 89%

“…Adusei [35] who found that financial development (including money supply) weakens economic growth. Gatawa, Abdulgafar and Olarinde [34], also posit in their study that broad money supply is negatively related to economic growth. In the works of Ihsan and Anjum [36], they discovered statistically insignificant and negative impact of money supply on economic growth.…”

Section: Long Run Resultsmentioning

confidence: 89%

“…In the long-run, it was revealed from Table 4 [32], Ogunmuyiwa [33] and a most recently Gatawa, Abdulgafar and Olarinder [34]. The implication of this revelation is that inflation does not encourage economic growth in the long run.…”

Section: Long Run Resultsmentioning

confidence: 99%

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The Game of Monetary Policy, Inflation and Economic Growth

Wauk¹,

Adjorlolo²

2019

JSS

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Ghana has been confronted with series of economic problems to the extent of calling on the IMF for a bailout after every eight years. This situation has persisted in spite of various monetary authority stabilization policies. This paper therefore focuses on investigating the games of monetary policy, inflation and economic growth of the Ghanaian economy for the period of 1982-2017. Using Autoregressive Distributed Lag (ARDL) to cointegration model, it was revealed from the study that in the long run interest rate significantly influences economic growth but in a negative direction, implies that a higher interest rate has the tendency to restrained economic growth and inflationary pressures. In relation to exchange rate, the long run result indicates an insignificant negative effect on economic growth. The general results suggest that macroeconomic variable which influences economic growth is interest rate and exchange rate. This is evidence that macroeconomic instabilities have significant effect on economic growth. This therefore calls for fiscal discipline and autonomy power to the Bank of Ghana with less interreference from the government to enable the smooth implementation of monetary policies without any string of politics attached.

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Section: Conclusion and Policy Recommendationssupporting

confidence: 89%

Section: Long Run Resultsmentioning

confidence: 89%

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The Game of Monetary Policy, Inflation and Economic Growth

Wauk¹,

Adjorlolo²

2019

JSS

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“…They used non-standardised data from 1977 to 2000. Similarly, Gatawa et al (2013) studied the relationship between money supply and inflation in Nigeria using data from 1973-2013. The findings revealed that money supply and inflation are negatively related.…”

Section: Literature Reviewmentioning

confidence: 99%

Empirical Study of Relationship between Money Supply and Inflation Based on Data from New Standardised Reporting Format

Sinah¹

2017

IJEF

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This study is based on data obtained from the new standardised reporting format introduced by International Monetary Fund. The empirical estimation of relationship between money supply and inflation leads to development of a model, which can be used by policy makers while formulating monetary policy. This model is based on new standardised reporting format, which has a broader approach in terms of capturing monetary aggregates in a country. Thus, as opposed to findings of many earlier studies, which used non-standardised data, this paper shows that an increase in money supply leads to an increase in consumer price index.

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“…Jumlah nilai barang dan jasa akhir yang disediakan dari produksi harus sama dengan nilai barang yang digunakan. Dalam banyak kasus, tingkat inflasi kan berpengaruh secara langsung terhadap kinerja pertumbuhan PDB, karena adanya faktor pendorong dan penghambat nilai produksi (Gatawa, Abdulgafar& Olarinde, 2017). Tingkat inflasi yang tinggi ratarata dipengaruhi oleh jumlah uang yang beredar, sehingga secara langsung jumlah uang beredar juga berimplikasi pada kinerja PDB yang dihasilkan oleh suatu negara.…”

Section: B Konstelasi Antara Jumlah Uang Beredar Inflasi Dan Pdbunclassified

Pengaruh Jumlah Uang Beredar dan Tingkat Inflasi Terhadap Produk Domestik Bruto (PDB) di Indonesia Tahun 2008-2017

Warkawani

Chrispur

Widiawati

2020

JREI

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Perkembangan ekonomi suatu negara dapat diukur dengan pertumbuhan ekonomi, yang menunjukkan pertumbuhan produksi barang dan jasa di suatu wilayah perekonomian dalam rentang waktu tertentu. Produksi tersebut diukur dalam konsep nilai tambah (value added) yang diciptakan oleh sektor-sektor ekonomi di wilayah bersangkutan yang secara total dikenal sebagai Produk Domestik Bruto (PDB). Dengan demikian, PDB dapat digunakan sebagai salah satu indikator untuk mengukur kinerja perekonomian suatu negara atau sebagai cerminan keberhasilan suatu pemerintahan dalam menggerakan sektor-sektor ekonomi. Penelitian ini bertujuan untuk menganalisis variabel yang terdiri dari jumlah uang beredar dan tingkat inflasi dan PDB serta menganalisis variabel yang berpengaruh dominan diantara jumlah uang beredar dan tingkat inflasi terhadap PDB. Teknik analisis data yang digunakan untuk menguatkan hasil penelitian ini adalah dengan menggunakan uji asumsi klasik, analisis deskriptif, analisis regresi linear berganda, uji F, dan uji T. Dari hasil penelitian didapat bahwa tingkat inflasi tidak memiliki pengaruh yang signifikan terhadap PDB langsung di Indonesia, tetapi jumlah uang beredar memiliki pengaruh yang signifikan terhadap PDB langsung di Indonesia dengan α = 5%.

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Impact of Money Supply and Inflation on Economic Growth in Nigeria (1973-2013)

Cited by 21 publications

References 2 publications

The Game of Monetary Policy, Inflation and Economic Growth

The Game of Monetary Policy, Inflation and Economic Growth

Empirical Study of Relationship between Money Supply and Inflation Based on Data from New Standardised Reporting Format

Pengaruh Jumlah Uang Beredar dan Tingkat Inflasi Terhadap Produk Domestik Bruto (PDB) di Indonesia Tahun 2008-2017

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