 The Nexus Between Money Supply and Economic Development in East Africa Countries: An Empirical Study using ARDLJames Chindengwike Journal of Global Economy, 2022, vol. 18, issue 4, 237-250 Abstract: This study assesses the connection between money supply and economic growth in developing countries. The study made use of time series data from the National Bureau of Statistics (NBS) and Bank of Tanzania. The study was looked at using the Auto Regressive Distributed Lag Model (ARDL). The study demonstrates that overall, the money supply has a significant favorable effect on economic expansion. The results demonstrate that the money supply boosts economic growth in underdeveloped nations. The results of the study indicate that, on the whole, the money supply has a significantly favorable effect on economic expansion. According to the results, emerging nations' economies expand faster when there is more money available. In order to forecast the future value of economic growth, the study also recommended that future studies include exogenous variables in autoregressive integrated moving averages. Keywords: Money Supply; Economic Development; Developing Countries; Tanzania (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:jge:journl:1841 Ordering information: This journal article can be ordered from Access Statistics for this article Journal of Global Economy is currently edited by Dr J K SACHDEVA More articles in Journal of Global Economy from Research Centre for Social Sciences,Mumbai, India |
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