Record Details

The Long-Run Relationship among Money, Income And The Price Level In Pakistan

Journal of Economics and Sustainable Development

View Archive Info
 
 
Field Value
 
Title The Long-Run Relationship among Money, Income And The Price Level In Pakistan
 
Creator Kakar, Mehmood Khan
khan, Wakeel
Waliullah, Waliullah
Kakar, M.Ali
 
Description This paper explores whether a significant long-run relationship exists between money, price level and GDP in the Pakistani economy. We apply time-series econometric techniques to quarterly data for the Pakistan economy for 1972: I to 2003: IV. An important feature of our analysis is the use of tests for unit roots and ARDL and ECM. ARDL has a numerous advantages over the traditional approaches of causality and Cointegration. Certain characteristics of the Pakistani experience suggest that there is a stable long run relationship. Radical changes in monetary policy have significantly affected the movement of the macroeconomy. We find that a long-run relationship exists between money supply (M1), GDP and the CPI.
 
Publisher The International Institute for Science, Technology and Education (IISTE)
 
Date 2011-08-26
 
Type info:eu-repo/semantics/article
Peer-reviewed Article
info:eu-repo/semantics/publishedVersion
 
Format application/pdf
 
Identifier https://iiste.org/Journals/index.php/JEDS/article/view/232
 
Source Journal of Economics and Sustainable Development; Vol 2, No 3 (2011); 13-28
 
Language eng
 
Relation https://iiste.org/Journals/index.php/JEDS/article/view/232/118
 
Rights Submission of an article implies that the work described has not been published previously (except in the form of an abstract or as part of a published lecture or academic thesis), that it is not under consideration for publication elsewhere, that its publication is approved by all authors and tacitly or explicitly by the responsible authorities where the work was carried out, and that, if accepted, will not be published elsewhere in the same form, in English or in any other language, without the written consent of the Publisher. The Editors reserve the right to edit or otherwise alter all contributions, but authors will receive proofs for approval before publication. Copyrights for articles published are retained by the authors, with first publication rights granted to the journal. The journal/publisher is not responsible for subsequent uses of the work. It is the author's responsibility to bring an infringement action if so desired by the author.