The Causal Relationship between Money Supply, Inflation and Economic Growth in Vietnam

被引：0
|
作者：
Nguyen Trong Tin [1 ]
机构：
[1] Univ Law Ho Chi Minh City, Ho Chi Minh City, Vietnam
来源：
PROCEEDINGS OF THE 4TH INTERNATIONAL CONFERENCE ON FINANCE AND ECONOMICS (ICFE 2017) | 2017年
关键词：
Johansen cointegration test; Granger causality; VECM; money supply; inflation; economic growth; IMPULSE-RESPONSE ANALYSIS; FINANCIAL DEVELOPMENT; TIME-SERIES; UNIT-ROOT; COINTEGRATION; INCOME;
D O I：
暂无
中图分类号：
F8 [财政、金融];
学科分类号：
0202 ;
摘要：
This study analyzes the causal relationships between money supply, inflation and economic growth in Vietnam in the period of 1999Q2 - 2012Q3. Quarterly macroeconomic data were collected from IFS and GSO. This paper employs the Granger test in the Vector Error Correction Model (VECM) environment to find the Granger causal nexus of three variables for both in short run and long run. There is one cointegration was found from Johansen's test for co-integration. The results show that there is a bidirectional relationship between economic growth and inflation for both in the short run and long run, and there are two unidirectional causalities from money supply to growth and inflation. However, there is no evidence for the effectiveness of monetary policy in the short run.
引用
收藏
页码：107 / 127
页数：21
相关论文
共 50 条
  • [21] MONEY SUPPLY AND ECONOMIC GROWTH
    TAKAHASHI, F
    [J]. ECONOMETRICA, 1971, 39 (02) : 285 - +
  • [22] Financial development and relationship evolvement among money supply, economic growth and inflation: a comparative study from the US and China
    Lu, Xiaolin
    Guo, Kun
    Dong, Zhi
    Wang, Xuan
    [J]. APPLIED ECONOMICS, 2017, 49 (10) : 1032 - 1045
  • [23] Relationship between Kenya’s economic growth and inflation
    George Kosgei Kiptum
    [J]. SN Business & Economics, 2 (12):
  • [24] Relationship Between Inflation and Real Economic Growth in Rwanda
    Nkikabahizi, Ferdinand
    Ndagijimana, Joseph
    Musabanganji, Edouard
    [J]. STUDIES ON ECONOMIC DEVELOPMENT AND GROWTH IN SELECTED AFRICAN COUNTRIES, 2017, : 103 - 122
  • [25] Institutional quality and the relationship between inflation and economic growth
    Khan, Muhammad
    Hanif, Waqas
    [J]. EMPIRICAL ECONOMICS, 2020, 58 (02) : 627 - 649
  • [26] Institutional quality and the relationship between inflation and economic growth
    Muhammad Khan
    Waqas Hanif
    [J]. Empirical Economics, 2020, 58 : 627 - 649
  • [27] THE RELATIONSHIP BETWEEN FINANCIAL SYSTEM AND ECONOMIC GROWTH IN VIETNAM
    Le Van Lam
    Nguyen Huu Huan
    [J]. PROCEEDINGS OF THE 1ST INTERNATIONAL CONFERENCE ON FINANCE AND ECONOMICS 2014, 2014, : 358 - 371
  • [28] The Relationship between Budget Deficit and Economic Growth in Vietnam
    Thanh Tung Le
    Thi Quynh Nhu Pham
    [J]. PROCEEDINGS OF THE 2ND INTERNATIONAL CONFERENCE ON FINANCE AND ECONOMICS 2015, 2015, : 307 - 318
  • [29] Low-frequency relationship between money growth and inflation in Turkey
    Tastan, Huseyin
    Sahin, Sercin
    [J]. QUANTITATIVE FINANCE AND ECONOMICS, 2020, 4 (01): : 91 - 120
  • [30] MONEY, INFLATION, AND OPTIMAL ECONOMIC-GROWTH
    DRABICKI, JZ
    TAKAYAMA, A
    [J]. ECONOMICS LETTERS, 1978, 1 (01) : 55 - 58
12345