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

Author

Listed:
  • Сейдахметова Б.А. // Seidakhmetova B. A.

    (National Bank of Kazakhstan)

  • Шамар Б.Е. // Shamar B. E.

    (National Bank of Kazakhstan)

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.

Suggested Citation

  • Сейдахметова Б.А. // Seidakhmetova B. A. & Шамар Б.Е. // Shamar B. E., 2018. "Влияние денежного предложения на экономический рост в Казахстане // Impact of money supply on economic growth in Kazakhstan," Economic Review(National Bank of Kazakhstan), National Bank of Kazakhstan, issue 1, pages 13-25.
    • Handle: RePEc:aob:journl:y:2018:i:1:p:13-25
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    More about this item

    Keywords

    инфляция; экономический рост; денежная масса; VECM; inflation; economic growth; money supply;
    All these keywords.

    JEL classification:

    • E51 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Money Supply; Credit; Money Multipliers
    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General

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