| 題名: | Long-Run Demand for Money in Hong Kong: An Application of the ARDL Model |
| 作者: | Mohsen Bahmani-Oskooee Raymond Chi Wing Ng |
| 關鍵字: | money demand|Hong Kong|cointegration|error correction model|CUSUM test |
| 期刊名/會議名稱: | international journal of business and economics |
| 摘要: | We examine the long-run demand for money of Hong Kong using the autoregressive distributed lag (ARDL) cointegration procedure on quarterly data over the period 1985Q1-1999Q4. Estimation results suggest that HK$M2 is cointegrated with its determinants. In addition, the CUSUM and CUSUMSQ tests confirm the stability of the money demand function. |
| ISSN: | issn16070704 |
| 日期: | 2002/08/01 |
| 分類: | Volume01,No.2 |
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