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Broader money supply boosts Ethiopian economy, driving significant GDP growth.

Research Journal of Finance and Accounting
Impact of Broad Money Supply on Economic Growth of Ethiopia
Yeshiwas Tegegne

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The study looked at how the amount of money in circulation in Ethiopia affects the country's economic growth. Data from 2002 to 2017 was used, and tests showed that more money in the economy leads to higher real GDP in the short term. However, in the long term, there is no lasting connection between money supply and economic growth. This means that changes in the amount of money circulating in the economy can have a positive impact on economic growth in the short term.