Влияние денежного предложения на экономический рост в Казахстане // Impact of money supply on economic growth in Kazakhstan

Bayan Seidakhmetova () and Шамар Б.Е. // Shamar B. E.
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Шамар Б.Е. // Shamar B. E.: National Bank of Kazakhstan

Economic Review(National Bank of Kazakhstan), 2018, issue 1, 13-25

Abstract: В статье проведена оценка взаимосвязи между денежным предложением и экономическим ростом в Казахстане. Применена векторная модель коррекции остатков (VECM). Эмпирическим методом выявлена значимая долгосрочная взаимосвязь между переменными. Денежное предложение и инфляция оказывают отрицательное влияние на экономический рост в долгосрочном периоде. В краткосрочном периоде денежное предложение оказывает положительное, а уровень инфляции отрицательное влияние на экономический рост. // The article evaluates the relationship between money supply and economic growth in Kazakhstan. The vector error correction model (VECM) is applied. The empirical method revealed a significant long-term relationship between the variables. Money supply and inflation have a negative impact on economic growth in the long run. In the short term, the money supply has a positive impact, while the inflation has a negative impact on economic growth.

Keywords: инфляция; экономический рост; денежная масса; VECM; inflation; economic growth; money supply (search for similar items in EconPapers)
JEL-codes: E51 O11 O40 (search for similar items in EconPapers)
Date: 2018
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