Analysis of Monetary Policy, Capital, Saving, FDI, and Economic Development for High and Middle Income Economies with ARDL Approach

Qamar Rasheed

Analysis of Monetary Policy, Capital, Saving, FDI, and Economic Development for High and Middle Income Economies with ARDL Approach

Qamar Rasheed * §

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§ The University of Lahore

Analysis of Monetary Policy, Capital, Saving, FDI, and Economic Development for High and Middle Income Economies with ARDL Approach

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Abstract

Monetary policy and macroeconomic factors play a decisive and fascinating role to determine the economic output of the country. Policymakers and economists take very seriously and consider them deterministic because these factors have an influence on each other. Therefore, the research has the objective to delineate the effect of monetary policy and all given indicators together on economic development precisely and their interdependence as well. ARDL (Autoregressive Distributed Lag) Bounds test cointegration technique is applied by employing annual time series data from 1980 to 2018. Money supply, lending interest rate, inflation, capital, saving, FDI, and economic development are said to be independent variables and explanatory variables one by one for each country separately to ascertain their interdependence.

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No external funding was declared for this work.

Conflict of Interest

The authors declare no conflict of interest.

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How to Cite This Article

Qamar Rasheed. 2020. "Analysis of Monetary Policy, Capital, Saving, FDI, and Economic Development for High and Middle Income Economies with ARDL Approach". Global Journal of Management and Business Research - B: Economic & Commerce GJMBR-B Volume 20 (GJMBR Volume 20 Issue B3).

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GJMBR Volume 20 Issue B3

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Journal Specifications

Crossref Journal DOI 10.17406/GJMBR

Print ISSN 0975-5853

e-ISSN 2249-4588

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GJMBR-B Classification JEL Code: F63

Submission ReceivedNovember 10, 2020
Peer Review Double Blind
Handling Editor
Accepted December 3, 2020
Published December 15, 2020

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v1.2

Issue date

March 19, 2020

Language

English

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