Title: Unit roots cointegration and the demand for money in India
Abstract: It is shown that the variables in the demand for money in India are unit root variables. Therefore the long- and short-run money demand functions are estimated using cointegration methods and error correction formulation. It is found that the long-run income and interest rate elasticities are about 1.5 and −0.42 respectively.
Publication Year: 1995
Publication Date: 1995-10-01
Language: en
Type: article
Indexed In: ['crossref']
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Cited By Count: 18
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