Utilizing the cointegration approach,the author sets a VAR model and analyzes the interrelationship among money supply,credit,inflation and economic growth.The author draws several important conclusions.In a long run,...Utilizing the cointegration approach,the author sets a VAR model and analyzes the interrelationship among money supply,credit,inflation and economic growth.The author draws several important conclusions.In a long run,money supply and economic growth boost each other;money supply boosts credit,but it doesn’t necessarily stimulate inflation in the course of economy monetarizing;inflation obstructs economic growth.In a short time,money supply stimulates economic growth;economic growth simulates money supply,credit and inflation.展开更多
In our paper,we systematically introduce theory and application of Panel Data Unit Roots and Cointegration.We also discuss Panel Data problem and the future resolving ideas.We point out that Panel Data Unit Roots and ...In our paper,we systematically introduce theory and application of Panel Data Unit Roots and Cointegration.We also discuss Panel Data problem and the future resolving ideas.We point out that Panel Data Unit Roots and Cointegration have extensive applied value in economics.展开更多
文摘Utilizing the cointegration approach,the author sets a VAR model and analyzes the interrelationship among money supply,credit,inflation and economic growth.The author draws several important conclusions.In a long run,money supply and economic growth boost each other;money supply boosts credit,but it doesn’t necessarily stimulate inflation in the course of economy monetarizing;inflation obstructs economic growth.In a short time,money supply stimulates economic growth;economic growth simulates money supply,credit and inflation.
文摘In our paper,we systematically introduce theory and application of Panel Data Unit Roots and Cointegration.We also discuss Panel Data problem and the future resolving ideas.We point out that Panel Data Unit Roots and Cointegration have extensive applied value in economics.
