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Demand for money for Fiji with PcGets

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  • B. Bhaskara Rao
  • Rup Singh

Abstract

Methodological controversies on the relative merits of estimating time-series models with alternative approaches exist. However, applied researchers may eventually opt for an easy to use and computationally less demanding approach. This article shows that the LSE/Hendry approach, known as GETS, is promising when it is implemented with PcGets. To illustrate we report the GETS and the Johansen co-integration-based ECM equations, with PcGets, of the demand for money for Fiji.

Suggested Citation

  • B. Bhaskara Rao & Rup Singh, 2006. "Demand for money for Fiji with PcGets," Applied Economics Letters, Taylor & Francis Journals, vol. 13(15), pages 987-991.
    • Handle: RePEc:taf:apeclt:v:13:y:2006:i:15:p:987-991
    DOI: 10.1080/13504850500425402
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    1. Kevin D. Hoover & Stephen J. Perez, 1999. "Data mining reconsidered: encompassing and the general-to-specific approach to specification search," Econometrics Journal, Royal Economic Society, vol. 2(2), pages 167-191.
    2. Pantula, Sastry G & Gonzalez-Farias, Graciela & Fuller, Wayne A, 1994. "A Comparison of Unit-Root Test Criteria," Journal of Business & Economic Statistics, American Statistical Association, vol. 12(4), pages 449-459, October.
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    Cited by:

    1. Rup Singh & Saten Kumar, 2010. "Some empirical evidence on the demand for money in the Pacific Island countries," Studies in Economics and Finance, Emerald Group Publishing Limited, vol. 27(3), pages 211-222, August.
    2. Keshmeer Makun, 2017. "Trade Openness and Economic Growth in Malaysia," Foreign Trade Review, , vol. 52(3), pages 157-170, August.
    3. Rao, B. Bhaskara & Kumar, Saten, 2009. "Is the US Demand for Money Unstable?," MPRA Paper 15715, University Library of Munich, Germany.
    4. Carlisle E. Moody & Thomas B. Marvell, 2010. "On the Choice of Control Variables in the Crime Equation," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 72(5), pages 696-715, October.
    5. Karagiannis, Stelios & Panagopoulos, Yannis & Vlamis, Prodromos, 2010. "Interest rate pass-through in Europe and the US: Monetary policy after the financial crisis," Journal of Policy Modeling, Elsevier, vol. 32(3), pages 323-338, May.

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