The stability of money demand in Nigeria: An autoregressive distributed lag approach

被引：38

作者：

Akinlo, AE ^{[1
]}

机构：

[1] Obafemi Awolowo Univ, Dept Econ, Ife, Nigeria

来源：

JOURNAL OF POLICY MODELING | 2006年 / 28卷 / 04期

关键词：

M2 money demand; stability; ARDL; Nigeria;

D O I：

10.1016/j.jpolmod.2005.09.001

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

Using the ARDL approach combined with CUSUM and CUSUMSQ tests, we examined the cointegrating property and stability of M2 money demand. The results show the M2 is cointegrated with income, interest rate and exchange rate. Moreover, the result revealed somewhat stable relation in particular the CUSUM test. (c) 2006 Published by Elsevier Inc. on behalf of Society for Policy Modeling.

引用

页码：445 / 452

页数：8

共 26 条

[1]

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[2]

ADEJUGBE MA, 1988, NIGERIAN J EC SOC ST, V30, P215

[3] DEMAND FOR MONEY IN OPEN ECONOMIES [J].