Análisis correlacional entre la masa monetaria y el crecimiento económico en Colombia medido en el PIB de 2018 a 2022

Abstract

This paper focused on performing a correlational analysis between money supply and economic growth, measured in the PIB of Colombia, during the period from 2018 to 2022. The objective was to determine the type of relationship and the intensity of the relationship using statistical methods. All of the above was carried out with the aim of contributing to academia and evidence-based decision making, adding new and important knowledge for the understanding of the relationship between money supply and economic growth in Colombia. The methodology used was quantitative. In addition, statistical methods such as the calculation of Spearman's correlation coefficient and a scatter diagram were used. Thus, this study attempts to analyze the relationship between variables without examining the effects of external variables on the variables of interest. The results obtained showed a null correlation between the variables during the period analyzed. This implies that, as the money supply increased, economic growth tended to decrease and suggests that there was not a linear relationship between the variables, and that there may have been other factors that had a greater impact on gross domestic product than the money supply.