Financial Development and Money Demand Function: Cointegration, Causality and Variance Decomposition Analysis for Pakistan

Estimating And Forecasting Demand For Broad Money In Iran Through Cointegration Analysis And Stochastic Simulation

Stable Money Demand and Nominal Money Causality of Output Growth: a Multivariate Cointegration Analysis of Croatia

The paper identifies monetary economic features of the post-transition Croatian economy, with a view towards using inflation rate targeting to reach European Union (EU) inflation targets as required by EU accession. If focuses on the demand for real money balances, the Fisher equation of interest rates, and the effect of nominal money on output, for Croatia over the 1994-2002 period. The real m...

Does trade openness affect long run growth? Cointegration, causality and forecast error variance decomposition tests for Pakistan

Article history: The study investigates the impact of trade openness on economic growth in the long run. We apply the ARDL Accepted 28 July 2012 bounds testing approach to test for a long run relationship and the augmented production function by incorporating financial development as an additional determinant of economic growth using the framework of

Multivariate Panel Cointegration Models and Money Demand Function

Is just only one cointegrating vector among the panel variables? Based on the multivariate maximum likelihood cointegration tests offered by Larsson et al. (2001), the findings here provide solid evidence of the presence of at least two cointegrated vectors for the money demand function in GCC countries,

Inflation and Money supply growth in Iran: Empirical Evidences from Cointegration and Causality