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Revisiting Determinants of Money Demand Function in Pakistan

Journal of Economics Bibliography

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Title Revisiting Determinants of Money Demand Function in Pakistan
 
Creator IFTEKHAR, Umbreen; Department of Economics,
School of Business and Economics
University of Management and Technology Lahore, Pakistan.
MAMOON, Dawood; University of Management and Technology
C-II, Johar Town,
54770
Lahore, Pakistan
HASSAN, Muhammad Shahid; Assistant Professor
Department of Economics,
School of Business and Economics
University of Management and Technology Lahore, Pakistan.
 
Subject Pakistan; Money Demand; Interest Rate; Per Capita GDP; Fiscal Deficit and Exchange Rate.
E40; E41; E50.
 
Description Abstract. This study investigates the factors such as interest rate, GDP per capita, exchange rate, fiscal deficit, urban and rural population to determine money demand function for Pakistan over the period from 1972-2013. We use ARDL Bound Testing approach in order to test long run relation between money demand and its factors whereas both long and short run coefficients will be found using similar approach. The results show that real interest rate exerts significant and negative effect upon money demand in both long and short run in Pakistan. The results also disclose that exchange rate and rural population are leaving significant but negative effect on the demand for money. These findings are robust to different diagnostic tests..Keywords. Pakistan, Money Demand, Interest Rate, Per Capita GDP, Fiscal Deficit and Exchange Rate.JEL. E40, E41, E50.
 
Publisher Journal of Economics Bibliography
 
Contributor —
 
Date 2016-12-18
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
 
Format application/pdf
 
Identifier http://www.kspjournals.org/index.php/JEB/article/view/1132
10.1453/jeb.v3i4.1132
 
Source Journal of Economics Bibliography; Vol 3, No 4 (2016): December; 559-569
2149-2387
 
Language eng
 
Relation http://www.kspjournals.org/index.php/JEB/article/view/1132/1079
 
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