Record Details

Demand for Money in Namibia: An ARDL Bounds Testing Approach

Asian Journal of Business and Management

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Field Value
 
Title Demand for Money in Namibia: An ARDL Bounds Testing Approach
 
Creator Sheefeni, Johannes Peyavali Sheefeni
 
Subject Money Demand
unit root
cointegration
Bounds test
stability
real income
inflation
Namibia
 
Description This paper examines the demand for money in Namibia. Time series techniques such as unit root test, cointegration and Autoregressive Distributed Lag (ARDL) approach were utilized on quarterly data for the period 2000:Q1 to 2012:Q4. The results based on the unit root test shows that the variables are integrated of order one. The bound testing approach to cointegration reveal that there is no cointegration among real money aggregates (M1 and M2), real income, inflation and interest rate. Therefore, the stability of demand for money function could not be established. 
 
Publisher Asian Online Journals
 
Date 2013-08-30
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
 
Format application/pdf
 
Identifier https://ajouronline.com/index.php/AJBM/article/view/270
 
Source Asian Journal of Business and Management; Vol. 1 No. 3 (2013): August 2013
2321-2802
 
Language eng
 
Relation https://ajouronline.com/index.php/AJBM/article/view/270/191