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INTERNATIONAL JOURNAL OF SCIENTIFIC DEVELOPMENT AND RESEARCH International Peer Reviewed & Refereed Journals, Open Access Journal ISSN Approved Journal No: 2455-2631 | Impact factor: 8.15 | ESTD Year: 2016 open access , Peer-reviewed, and Refereed Journals, Impact factor 8.15 |
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| Paper Title: | Money Supply, Inflation And Economic Growth In Sierra Leone |
| Authors Name: | Abdullah Bah , Dr. Richard E.O Pearce , Andrew Squire , Edward Thomas |
| Unique Id: | IJSDR2311076 |
| Published In: | Volume 8 Issue 11, November-2023 |
| Abstract: | The study assessed the effect of money supply, inflation and economic growth in Sierra Leone. The study adopted the Causal research design. Both the qualitative and quantitative data were sourced. A regression analysis technique was used in analysing the collected data. The coefficient of 0.243590 indicates that there is a positive relationship between broad money growth rate and GDP per capita growth. However, the p-value of 0.3012 suggests that this relationship is not statistically significant. In other words, the data does not provide enough evidence to conclude that changes in broad money growth rate have a meaningful impact on GDP per capita growth in Sierra Leone. The negative coefficient of -0.370927 indicates that there is a negative relationship between the GDP deflator-based inflation and GDP per capita growth. This coefficient is statistically significant, as indicated by the p-value of -0.0066. This implies that increases in inflation, as measured by the GDP deflator, are associated with decreases in GDP per capita growth in Sierra Leone. The study recommends that Sierra Leone should continue to diversify its economic policies and strategies. Economic growth is a multifaceted process influenced by various factors, including monetary policies, fiscal policies, political stability, infrastructure development, and global economic conditions. |
| Keywords: | Money supply, Inflation, Economic growth |
| Cite Article: | "Money Supply, Inflation And Economic Growth In Sierra Leone ", International Journal of Science & Engineering Development Research (www.ijsdr.org), ISSN:2455-2631, Vol.8, Issue 11, page no.523 - 532, November-2023, Available :http://www.ijsdr.org/papers/IJSDR2311076.pdf |
| Downloads: | 000338720 |
| Publication Details: | Published Paper ID: IJSDR2311076 Registration ID:209178 Published In: Volume 8 Issue 11, November-2023 DOI (Digital Object Identifier): Page No: 523 - 532 Publisher: IJSDR | www.ijsdr.org ISSN Number: 2455-2631 |
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