The impact of money supply on economic growth: a case study of the United Arab Emirates
by Mohammed Naim Chaker; Srinivas Inguva; Rubeena Cetin
J. for Global Business Advancement (JGBA), Vol. 5, No. 1, 2012

Abstract: The relationship between money supply and economic growth has been receiving more attention than any other subject in the field of monetary economics in recent years. The present paper investigates the impact of money supply on economic growth in the United Arab Emirates (UAE) between 2000 and 2010. The M1, M2 and M3 were independent variables and the GDP of the UAE and the inflation rates were the dependent variable. The set hypothesis for the study is that the money supply is not positively related to growth and inflation and it is, however, significant to GDP growth rates on the choice between contractionary and expansionary money supply.

Online publication date: Mon, 23-Jul-2012

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