This paper augments the Granger and Lee (Journal of Applied Econometrics, 4, 1989) non-symmetric error (equilibrium) correction model to assess the possibility that, in the aggregate, consumers respond differently to different types of disequilibrium error. This idea is illustrated using an...

We explore the relationship between gambling and the use of credit at the individual and household levels using representative pooled cross-section data from the UK Expenditure and Food Surveys (EFS) (2001--2007). Gambling and the use of credit are shown to be positively correlated at the...

This paper investigates a demand for money relationship for the Dominican Republic. The financial system of the Dominican Republic is underdeveloped, and there are no suitable domestic data on the opportunity cost of holding money. Economic links with the USA suggest a possible role for a...