June 1, 2010 Thesis Open Access

Teweldebrehan Tesfay

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{
  "description": "<p>The study empirically investigates the relative effectiveness of fiscal and<br>\nmonetary policies on economic growth in Ethiopia. With the objective of finding<br>\nout the relative strength of monetary and fiscal policies on economic growth, the<br>\nstudy used an unrestricted vector autoregressions (VARs) framework, based on<br>\nthe St. Louis equation, to compute variance decompositions (VDCs) and impulse<br>\nresponse functions (IRFs). Neither government expenditure nor money supply<br>\n(M2) was found to be statistically significant in the co-integrating equations<br>\nestimated suggesting that the policy variables are neutral in the long run. The<br>\nresults derived from the VDCs and IRFs imply that monetary policy alone has a<br>\nsignificantly positive impact on GDP growth in Ethiopia. However, the impact of<br>\nfiscal policy on GDP growth remains broadly insignificant. The outcome of this<br>\nstudy, thus, supports the views of the proponents of the St. Louis Model that<br>\nmonetary policy is relatively more effective than fiscal policy in stimulating<br>\neconomic activity.</p>", 
  "license": "http://www.opendefinition.org/licenses/cc-by", 
  "creator": [
    {
      "@type": "Person", 
      "name": "Teweldebrehan Tesfay"
    }
  ], 
  "headline": "A thesis submitted to the School of Graduate Studies of Addis Ababa University in partial fulfillment of the requirements for the Degree of Masters of Science in Economics (Economic Policy Analysis) in the School of Economics", 
  "image": "https://zenodo.org/static/img/logos/zenodo-gradient-round.svg", 
  "datePublished": "2010-06-01", 
  "url": "https://nadre.ethernet.edu.et/record/907", 
  "@context": "https://schema.org/", 
  "identifier": "https://doi.org/10.20372/nadre:907", 
  "@id": "https://doi.org/10.20372/nadre:907", 
  "@type": "ScholarlyArticle", 
  "name": "A thesis submitted to the School of Graduate Studies of Addis Ababa University in partial fulfillment of the requirements for the Degree of Masters of Science in Economics (Economic Policy Analysis) in the School of Economics"
}