AN EQUILIBRIUM ANALYSIS ON THE RELATIONSHIP BETWEEN MONEY SUPPLY AND ECONOMIC GROWTH IN CHINA
In order to discuss the relationship between money supply and economic growth, it chose the data on the different levels of money supply and GDP series from 1990 to 2006 in China as a sample and used the econometric methods to analyze their relationship. The results of Granger causality tests showed that money supply M2 Granger caused GDP at the critical value of 2% level when the lag is from 1 to 3 as well as M1 did.Further more, M2 Granger causes GDP at the critical values of 0% level when the lag is 2 or 3. The results of eointegration test showed that there existed a long-term stable equilibrium relationship between money supply M2 and economic growth in China. Money supply M2 has a greater impact on economic growth.
Money supply Economic growth Granger causality test Cointegration
FENGSHENG LI JUNPING ZHAO LIXIA YAO
College of Economic & Management, Daqing Petroleum Institute, Daqing, Heilongjiang province, China, 163318
国际会议
The Second International Conference on Information & Systems Sciences(ICISS2008)(第二届信息与系统科学国际会议)
大连
英文
559-565
2008-12-18（万方平台首次上网日期，不代表论文的发表时间）