Coordination des Politiques Monétaires et Croissance Economique en RDC: Rôle de la Gouvernance

Kaninda, Aristote (2021): Coordination des Politiques Monétaires et Croissance Economique en RDC: Rôle de la Gouvernance.

Abstract

In DRC, economic growth remains ineffectively influenced by the dynamics of multiple monetary policy factors. In view of this, an attempt is made in this article, examining the role that the quality of governance could play in the relationship between monetary policy and economic growth in this country during the period 1988- 2018. By developing an econometric analysis using the error correction model, it is revealed that the quality of governance plays a major role in the coordination of monetary policies and this positively impacts the economic growth of the DRC. As a result, government authorities must reform their intervention strategies; they must work with the aim of promoting a harmonious development of economic activities through the gradual approximation of economic policies.

• Item Type: MPRA Paper
• English Title: Coordination of Monetary Policies and Economic Growth in the DRC: Role of Governance
• Language: French
• Keywords: Monetary Policy; quality of governance; money supply; time series; cointegration; error correction model; economic growth
• Subjects: C - Mathematical and Quantitative Methods > C3 - Multiple or Simultaneous Equation Models ; Multiple Variables > C32 - Time-Series Models ; Dynamic Quantile Regressions ; Dynamic Treatment Effect Models ; Diffusion Processes ; State Space Models; E - Macroeconomics and Monetary Economics > E4 - Money and Interest Rates > E42 - Monetary Systems ; Standards ; Regimes ; Government and the Monetary System ; Payment Systems; O - Economic Development, Innovation, Technological Change, and Growth > O1 - Economic Development > O11 - Macroeconomic Analyses of Economic Development; O - Economic Development, Innovation, Technological Change, and Growth > O5 - Economywide Country Studies > O55 - Africa

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