Acceso al sitio web del Consejo de Políticas de Infraestructura

   
ARTÍCULO
TITULO

Empirical Evidence on the Long-Run Money Demand Function in the GCC Countries

Helmi Hamdi    
Ali Said    
Rashid Sbia    

Resumen

The broad aim of this paper is to estimate the money demand function for the case of six Gulf Cooperation Council countries. By applying panel cointegration tests, the empirical results reveal strong evidence of cointegration between the variables of the model for individual countries as well as for the panel. Moreover, the results support the existence of a stable money function in the long-run estimation. The Granger non-causality test due to Toda and Yamamoto (1995) procedure shows evidence of a bidirectional causal relationship between money demand and income for panel estimation. At an individual level, the results change from one country to another one.Keywords: Money Demand; GCC, Panel Cointegration; Toda-YamamotoJEL Classifications: C22; C23; E41; E52; F41

PÁGINAS
pp. 603 - 612
MATERIAS
ECONOMÍA

 Artículos similares

       
 
Umar Farooq, Mosab I. Tabash, Basem Hamouri, Linda Nalini Daniel and Samir K. Safi    
The current study aims to explore the role of various macroeconomic factors in determining corporate investment. Using firm-level data of six Gulf Cooperation Council (GCC) region countries for a 14 year period (2007?2020), the current study establishes ... ver más

 
Isnurhadi Isnurhadi,(Universitas SriwijayaIndonesia)Abdul Bashir,(Universitas Sriwijaya,Indonesia)Suhel Suhel,(Universitas SriwijayaIndonesia)     Pág. 325 - 339
This study applies the gravity model to explore whether the establishment and the agreement of the ASEAN Free Trade Area (AFTA) have an impact on the export increase of rubber and crude palm oil commodity trade for the case ASEAN member countries namely,... ver más

 
Yesi Aprianti, Muliati Muliati, Andra Sulindrina     Pág. 71 - 83
Economic growth is one indicator of the government's success, and the declining economic growth rates, even at the level of districts/cities, became the strategic issue of this research. The research objective of the researcher is to analyze economic gro... ver más

 
Xuan Thi Thanh Mai, Ha Thi Nhu Nguyen, Thanh Ngo, Tu D. Q. Le and Lien Phuong Nguyen    
This paper examines the multi-dimensional efficiency of the Islamic banking sector and its determinants, including the impacts of the COVID-19 pandemic. To do that, we use a novel approach of two-stage data envelopment analysis (DEA) double frontiers to ... ver más

 
Kim Long Tran, Hoang Anh Le, Cap Phu Lieu and Duc Trung Nguyen    
Financial bubble prediction has been a significant area of interest in empirical finance, garnering substantial attention in the literature. This study aims to detect and forecast financial bubbles in the Vietnamese stock market from 2001 to 2021. The PS... ver más