Error Correction Model of the Demand for Money in Pakistan

The Kashmir Eonomic Review, Vol. 6, Nos. 1&2, 1994-1998

13 Pages Posted: 19 Mar 2007

Abstract

The paper estimated dynamic demand for money (Currency) function for Pakistan. it is concluded that in the long run money demand depends on income, rate of inflation and bond rate. The rate of Inflation and rate of interst on deposits emerged as important determinant of money demand in the short run. Moreover dynamic model remans stable througtout the study period.

Keywords: Error Correction, Cointegration, Unit root, money demand, Pakistan

Suggested Citation

Qayyum, Abdul, Error Correction Model of the Demand for Money in Pakistan. The Kashmir Eonomic Review, Vol. 6, Nos. 1&2, 1994-1998 . Available at SSRN: https://ssrn.com/abstract=964868
No contact information is available for Abdul Qayyum

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