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HOW STABLE IS THE DEMAND FOR MONEY IN CHINA?

Bahmani-Oskooee, Mohsen; Wang, Yongqing - In: Journal of Economic Development 32 (2007) 1, pp. 21-33

studies since 1987 is the application of cointegration technique. The demand for money in China is no exception and has … received some attention by researchers. However, finding of cointegration has been interpreted as a sign of constancy of … parameter estimates. In this paper we employ CUSUM and CUSUMSQ tests in conjunction with cointegration analysis to show that …

Persistent link: https://www.econbiz.de/10009351237

SHORT-RUN AND LONG-RUN EFFECTS OF CURRENCY DEPRECIATION ON THE BILATERAL TRADE BALANCE BETWEEN PAKISTAN AND HER MAJOR TRADING PARTNERS

Bahmani-Oskooee, Mohsen; Cheema, Jehanzeb - In: Journal of Economic Development 34 (2009) 1, pp. 19-41

Previous studies that investigated the short-run (J-curve) and the long-run effects of currency depreciation on the trade balance of Pakistan used aggregate trade data between Pakistan and the rest of the world and provided no evidence of any significant impact. We wonder whether lack of the...

Persistent link: https://www.econbiz.de/10009350189