Monetary Policy And Sectoral Value-Added In SAARC Countries: A Panel ARDL Analysis
Keywords:
Monetary Policy, Sectoral Value Added, SAARC Countries, Panel ARDLAbstract
Every country has two main demand management policies: monetary policy and fiscal policy. This study is an attempt to elucidate the relationship between monetary policy and sectoral value-added in SAARC countries over the period 1990-2020 by applying the panel ARDL technique. The findings of the study suggest that monetary policy has a positive bearing on sectoral value-added in SAARC countries. Moreover, the study has suggested that monetary policymakers must devise the policy by focusing on sectoral growth.
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