Singh, Rup and Kumar, Saten (2012) Application of Alternative Techniques to Estimate Demand for Money in Developing Countries. Journal of Developing Areas, 46 (2). pp. 43-63. ISSN 0022-037X
Full text not available from this repository. (Request a copy)Abstract
In this paper, we applied alternative time series techniques and obtained similar
summaries of demand for money relations for twelve developing countries. This indicates
that adequate attention should be paid to the purpose of research and interpretation of
results rather than to econometric techniques. We also find that income elasticities are
close to unity for almost all of our sample countries and the interest rate elasticities are
well determined and significant. Further, it is shown that demand for money in these
countries is temporally stable and therefore the respective monetary authorities may
target money supply as opposed to the rate of interest.
| Item Type: | Journal Article |
|---|---|
| Subjects: | H Social Sciences > HC Economic History and Conditions |
| Divisions: | Faculty of Business and Economics (FBE) > School of Economics |
| Depositing User: | Fulori Nainoca - Waqairagata |
| Date Deposited: | 10 Mar 2020 00:23 |
| Last Modified: | 10 Mar 2020 00:23 |
| URI: | https://repository.usp.ac.fj/id/eprint/12037 |
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