A vector error correction and nonnested modeling of money demand function in Nigeria

PROF Godwin Chukwudum Nwaobi ()

Economics Bulletin, 2002, vol. 3, pages 1-8

Abstract: This paper examines the stability of the demand for money in Nigeria. With relatively simple model specifying a vector valued autoregressive process(VAR),the money demand function was found to be stable and evidence gathered from the non-nested tests suggest that income is the more appropriate scale variable in the estimation of money demand function in Nigeria.

Keywords: consumption; non-nested model; vector error correction model; money demand (search for similar items in EconPapers)
JEL-codes: C5 E4 (search for similar items in EconPapers)
Date: 2002-03-10

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Related works:
Working Paper: A VECTOR ERROR CORRECTION AND NONNESTED MODELLING OF MONEY DEMAND FUNCTION IN NIGERIA (2001)
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Persistent link: http://EconPapers.repec.org/RePEc:ebl:ecbull:eb-01c50003

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