Cointegration, Error Correction and the Demand for Money in Saudi Arabia
AbstractThis study investigates the determinants of the money demand function in Saudi Arabia. The Saudi economy was instable during the period 1977-1997 because of its dependence on the production of oil. This dependence affects sharply the rates of growth and the rates of inflation. The integration and cointegration proprieties of the data are analyzed and the model of error correction is used to estimate the demand for money. This paper concludes that even in the period of high instability in the economy, there exists a stationarity in the long run demand for narrow money (Ml) in Saudi Arabia.
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Bibliographic InfoArticle provided by Camera di Commercio di Genova in its journal Economia Internazionale / International Economics.
Volume (Year): 52 (1999)
Issue (Month): 3 ()
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Find related papers by JEL classification:
- C22 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models &bull Diffusion Processes
- E41 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Demand for Money
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- Nasri Harb, 2007.
"Trade between Euro zone and Arab countries: a panel study,"
Taylor & Francis Journals, vol. 39(16), pages 2099-2107.
- Harb, Nasri, 2006. "Trade Between Euro Zone and Arab Countries: a Panel Study," MPRA Paper 13675, University Library of Munich, Germany.
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