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

Helmi Hamdi; Ali Said; Rashid Sbia

Makale detayları

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

Yazarlar:

Helmi Hamdi | Ali Said | Rashid Sbia

Yayıncı:

İlhan ÖZTÜRK

Dergi:

International Journal of Economics and Financial Issues 2015 Vol.5 Issue 2, pp.603-612

Belge Tipi:

Makale

Yayın Tarihi:

5/2015

Belge Dili:

Türkçe

Document ID (Org No.):

2000814055

Sıklık:

İki Aylık

eISSN:

2146-4138

Özet:

 

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.

Makale detayları

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

Yazarlar: Helmi Hamdi | Ali Said | Rashid Sbia

Yayıncı: İlhan ÖZTÜRK

Dergi: International Journal of Economics and Financial Issues 2015 Vol.5 Issue 2, pp.603-612

Belge Tipi: Makale

Yayın Tarihi: 5/2015

Belge Dili: Türkçe

Document ID (Org No.): 2000814055

Sıklık: İki Aylık

eISSN: 2146-4138

Sayı

Yazarlar:

Helmi Hamdi | Ali Said | Rashid Sbia

Yayıncı:

İlhan ÖZTÜRK

Dergi:

International Journal of Economics and Financial Issues 2015 Vol.5 Issue 2, pp.603-612

Belge Tipi:

Makale

Yayın Tarihi:

5/2015

Belge Dili:

Türkçe

Document ID (Org No.):

2000814055

Sıklık:

İki Aylık

eISSN:

2146-4138