THE STABILITY OF MONEY DEMAND FUNCTION: EVIDENCE FROM SOUTH AFRICA

Does money empower the elderly? Evidence from the Agincourt demographic surveillance site, South Africa.

AIMS To quantify the impact of the South African old age (social) pension on outcomes for pensioners and the prime-aged adults and children who live with them, and to examine alternative means by which pensions affect household outcomes. METHODS We collected socioeconomic data on 290 households in the Agincourt demographic surveillance area (DSA), stratifying our sample on the presence of a h...

The Demand for Money: The Evidence from the Time Series

Empirical Evidence from South Africa

This paper provides empirical evidence on the relationship between exports, and in particular export diversity, and regional growth in a developing country context. Using export data for 19 sectors from 354 subnational (magisterial) districts of South Africa, we construct various measures of subnational export diversity. We find that it is not only how much that is exported, but also important ...

The Stability of Demand for Money and its Dynamic Aspects in Iran

International Evidence on the Demand for Money

One of the current questions in the literature on she demand for money is whether the adjustment of actual lo desired money holdings is in nominal or real terms. This paper describes a simple procedure that can be used to test the nominal against the real hypothesis. The test is carried out for 27 countries. The paper also tests the svuctural stability of the demand for money equations and the ...