Ozturk, Ilhan; Acaravci, Ali - In: Journal for Economic Forecasting 5 (2008) 2, pp. 35-43
This paper examines the long-run determinants of the demand for money in ten transition countries using panel data for the 1994-2005 period. Using panel unit root tests we rejected the the null hypothesis of the nonstationarity and employed the feasible generalized least squares (FGLS) model....