Impact of four components of money supply on GDP growth using ARDL: evidence from India
by C. Karthikeyan; R. Murugesan
International Journal of Public Sector Performance Management (IJPSPM), Vol. 8, No. 1/2, 2021

Abstract: This study investigates the relationship between the money supply components demand deposits, time deposits, other deposits with RBI and currency in circulation each expressed as a percentage of GDP, inflation and nominal GDP growth. Granger causality test and ARDL bounds test are used to investigate this relationship. These money supply variables have an impact on nominal GDP growth in the long run. A change in inflation seems to be the major determinant of change in nominal GDP growth in the long run. This study also finds a bidirectional relationship between change in currency in circulation to GDP ratio and change in nominal GDP growth.

Online publication date: Wed, 22-Sep-2021

The full text of this article is only available to individual subscribers or to users at subscribing institutions.

 
Existing subscribers:
Go to Inderscience Online Journals to access the Full Text of this article.

Pay per view:
If you are not a subscriber and you just want to read the full contents of this article, buy online access here.

Complimentary Subscribers, Editors or Members of the Editorial Board of the International Journal of Public Sector Performance Management (IJPSPM):
Login with your Inderscience username and password:

Username:        Password:          Forgotten your password?

Want to subscribe?
A subscription gives you complete access to all articles in the current issue, as well as to all articles in the previous three years (where applicable). See our Orders page to subscribe.

If you still need assistance, please email subs@inderscience.com