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In this paper, we estimate a money demand function for a panel of five South Asian countries. We find that the money demand and its determinants, namely real income, real exchange rate and short-term domestic and foreign interest rates are cointegrated both for individual countries as well as...
Persistent link: https://www.econbiz.de/10013105384
In this paper, using the cash-in-advance model, we estimate Indonesia's money demand function for the period 1970-2005. We find the real M1 and real M2 are cointegrated with their determinants, namely real income, real exchange rate and short-term domestic and foreign interest rates. The...
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Zealand, and the US — using the bounds testing approach to cointegration. Our main finding was that visitor arrivals to Fiji …
Persistent link: https://www.econbiz.de/10013105069
This paper investigates the all important issue of diagnostic tests, including unit roots and cointegration, in the … some post-1995 studies have ignored unit root tests and co-integration and, hence, are vulnerable to the so …
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While there is a growing literature that examines the issue of cointegration (co-movement over the long run) among …
Persistent link: https://www.econbiz.de/10013105360