MEASURING THE MONEY DEMAND IN PAKISTAN: A TIME SERIES ANALYSIS
Yannick Roussel,
Amjad Ali and
Marc Audi
Additional contact information
Yannick Roussel: European School of Administration and Management (ESAM)-France.
Bulletin of Business and Economics (BBE), 2021, vol. 10, issue 1, 27-41
Abstract:
This study has explored the factor impacting money demand in the case of Pakistan from 1980 to 2019. Broad Money is taken as the dependent variable, consumption of the household, consumption of government, interest rate, consumer price index, population growth, and remittances are selected independent variables. Augmented Dickey-fuller (ADF) and Phillip Perron (PP) unit root tests are used for examining the stationary of the variables. ARDL method is used for finding the cointegration among the variables of the model. Granger Causality test is used for examining the causal relationship among variables. The results of this study show that there is mixed order of integration among variables of the model. The estimated results of the study show that socio-economic factors play an important role in determining the money demand in Pakistan. So, socio-economic factors play an important role in determining money demand in the case of Pakistan.
Keywords: Money demand; consumption; interest rate; population growth; remittances (search for similar items in EconPapers)
JEL-codes: E21 P23 P44 (search for similar items in EconPapers)
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (82)
Downloads: (external link)
https://bbejournal.com/index.php/BBE/article/view/90/34 (application/pdf)
https://bbejournal.com/index.php/BBE/article/view/90 (text/html)
Related works:
Working Paper: Measuring the Money Demand in Pakistan: A Time Series Analysis (2021) 
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
HTML/Text
Persistent link: https://EconPapers.repec.org/RePEc:rfh:bbejor:v:10:y:2021:i:1:p:27-41
Access Statistics for this article
Bulletin of Business and Economics (BBE) is currently edited by Dr. Muhammad Irfan Chani
More articles in Bulletin of Business and Economics (BBE) from Research Foundation for Humanity (RFH) Contact information at EDIRC.
Bibliographic data for series maintained by Dr. Muhammad Irfan Chani ().