Arbeitspapier
Panel Data Estimates of the Demand for Money in the Pacific Island Countries
The Pedroni (2000) panel cointegration method is used to estimate the cointegrating equations for the demand for narrow money for a panel of five Pacific Island Countries (Fiji, Samoa, Solomons, Vanuatu and Papua New Guinea) for the period 1975-2007. The effects of financial reforms are analyzed with estimates from sub-sample periods. Our results suggest that there is a unique cointegrated long run relationship between real narrow money, real income and nominal rate of interest. The major finding is that the money demand function has been stable and financial reforms are yet to have any significant effects in the Pacific Island Countries.
- Language
-
Englisch
- Bibliographic citation
-
Series: EERI Research Paper Series ; No. 12/2010
- Classification
-
Wirtschaft
Multiple or Simultaneous Equation Models: Panel Data Models; Spatio-temporal Models
Demand for Money
- Subject
-
Demand for money
income elasticity
semi-interest rate elasticity
- Event
-
Geistige Schöpfung
- (who)
-
Kumar, Saten
- Event
-
Veröffentlichung
- (who)
-
Economics and Econometrics Research Institute (EERI)
- (where)
-
Brussels
- (when)
-
2010
- Handle
- Last update
-
10.03.2025, 11:42 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Kumar, Saten
- Economics and Econometrics Research Institute (EERI)
Time of origin
- 2010
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