EN
Empirical Evidence on the Long-Run Money Demand Function in the GCC Countries
Abstract
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
Ayrıntılar
Birincil Dil
İngilizce
Konular
-
Bölüm
-
Yayımlanma Tarihi
1 Haziran 2015
Gönderilme Tarihi
1 Haziran 2015
Kabul Tarihi
-
Yayımlandığı Sayı
Yıl 2015 Cilt: 5 Sayı: 2
APA
Hamdi, H., Said, A., & Sbia, R. (2015). Empirical Evidence on the Long-Run Money Demand Function in the GCC Countries. International Journal of Economics and Financial Issues, 5(2), 603-612. https://izlik.org/JA95WM58JN
AMA
1.Hamdi H, Said A, Sbia R. Empirical Evidence on the Long-Run Money Demand Function in the GCC Countries. IJEFI. 2015;5(2):603-612. https://izlik.org/JA95WM58JN
Chicago
Hamdi, Helmi, Ali Said, ve Rashid Sbia. 2015. “Empirical Evidence on the Long-Run Money Demand Function in the GCC Countries”. International Journal of Economics and Financial Issues 5 (2): 603-12. https://izlik.org/JA95WM58JN.
EndNote
Hamdi H, Said A, Sbia R (01 Haziran 2015) Empirical Evidence on the Long-Run Money Demand Function in the GCC Countries. International Journal of Economics and Financial Issues 5 2 603–612.
IEEE
[1]H. Hamdi, A. Said, ve R. Sbia, “Empirical Evidence on the Long-Run Money Demand Function in the GCC Countries”, IJEFI, c. 5, sy 2, ss. 603–612, Haz. 2015, [çevrimiçi]. Erişim adresi: https://izlik.org/JA95WM58JN
ISNAD
Hamdi, Helmi - Said, Ali - Sbia, Rashid. “Empirical Evidence on the Long-Run Money Demand Function in the GCC Countries”. International Journal of Economics and Financial Issues 5/2 (01 Haziran 2015): 603-612. https://izlik.org/JA95WM58JN.
JAMA
1.Hamdi H, Said A, Sbia R. Empirical Evidence on the Long-Run Money Demand Function in the GCC Countries. IJEFI. 2015;5:603–612.
MLA
Hamdi, Helmi, vd. “Empirical Evidence on the Long-Run Money Demand Function in the GCC Countries”. International Journal of Economics and Financial Issues, c. 5, sy 2, Haziran 2015, ss. 603-12, https://izlik.org/JA95WM58JN.
Vancouver
1.Helmi Hamdi, Ali Said, Rashid Sbia. Empirical Evidence on the Long-Run Money Demand Function in the GCC Countries. IJEFI [Internet]. 01 Haziran 2015;5(2):603-12. Erişim adresi: https://izlik.org/JA95WM58JN