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Factors determining the income velocity of money in a developing economy

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  • Abdur Chowdhury

Abstract

This paper investigates the influence of different factors on income velocity of money in 23 developing countries for the 1955-88 period. The results show that inflationary expectation raises income velocity in an agricultural developing economy.

Suggested Citation

  • Abdur Chowdhury, 1994. "Factors determining the income velocity of money in a developing economy," Applied Economics Letters, Taylor & Francis Journals, vol. 1(4), pages 58-62.
    • Handle: RePEc:taf:apeclt:v:1:y:1994:i:4:p:58-62
    DOI: 10.1080/135048594358221
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    References listed on IDEAS

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    1. Melitz, Jacques & Correa, Hector, 1970. "International Differences in Income Velocity," The Review of Economics and Statistics, MIT Press, vol. 52(1), pages 12-17, February.
    2. Yung Chul Park, 1970. "The Variability of Velocity: An International Comparison (La variabilité de la vitesse de circulation de la monnaie: comparaison à l'échelle internationale) (El grado de variación de la velocidad: ," IMF Staff Papers, Palgrave Macmillan, vol. 17(3), pages 620-637, November.
    3. Stephen M. Goldfeld, 1976. "The Case of the Missing Money," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 7(3), pages 683-740.
    4. Jung, Woo S. & Marshall, Peyton J., 1985. "Exports, growth and causality in developing countries," Journal of Development Economics, Elsevier, vol. 18(1), pages 1-12.
    5. Hannan Ezekiel & Joseph O. Adekunle, 1969. "The Secular Behavior of Income Velocity: An International Cross-Section Study (Le comportement séculaire de la vitesse des revenus: Etude transversale sur le plan international) (El comportamiento se," IMF Staff Papers, Palgrave Macmillan, vol. 16(2), pages 224-239, July.
    6. Mr. Malcolm D. Knight & Mr. Mohsin S. Khan, 1985. "Fund Supported Adjustment Programs and Economic Growth," IMF Occasional Papers 1985/009, International Monetary Fund.
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    Cited by:

    1. Oluwole Owoye, 1997. "Income velocity and the variability of money growth: evidence from less developed countries," Applied Economics, Taylor & Francis Journals, vol. 29(4), pages 485-496.
    2. Soe, Than Than & Kakinaka, Makoto, 2018. "Inflation targeting and income velocity in developing economies: Some international evidence," The North American Journal of Economics and Finance, Elsevier, vol. 44(C), pages 44-61.

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