The Effect Of The Ratio Of The Money Supply, The Ratio Of Bank Credit, And The Ratio Of Domestic Savings To Economic Growth in Uzbekistan

Benjamin Drean


Abstract: The purpose of this study was to determine the effect of the ratio of the money supply, the ratio of bank credit, and the ratio of domestic savings to economic growth in both the short and long term. Empirically this research uses secondary data in the form of quarterly data annually during 2009-2019. This study uses the Error Correction Model (ECM) method. Based on the research results, the money supply ratio variable in the short and long term has a positive and significant effect. The bank credit ratio variable in the short term has a positive and significant effect. On the contrary, it has a negative and insignificant effect; domestic saving ratio variable in the short and long term. long has a positive and significant effect on
economic growth in Uzbekistan

Keywords: Economic Growth, Money Supply Ratio, Banking Credit Ratio, Domestic Savings Ratio, ECM

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