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An Annual Money Demand Function for Pakistan. Some Further Results

I. U. Mangla
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I. U. Mangla: Quaid-i-Azam University,Islamaba

The Pakistan Development Review, 1979, vol. 18, issue 1, 21-33

Abstract: The paper highlights the main issues involved in the theoretical and empirical estimation of the money demand function in Pakistan. Much of the recent empirical work on money demand has used income as a scale variable. Our work seeks to assess the relevant importance of the permanent income as an argument of the demand function for money. The results of our estimation indicate that a sta blemoney demand function exists using permanent income.

Date: 1979
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