Economies of scale in the demand for money by firms in China

Yujun Lian, Terence Tai Leung Chong, Fangping Peng and Richard Cebula ()
Authors registered in the RePEc Author Service: 玉君 连 ()

Applied Economics Letters, 2015, vol. 22, issue 8, 641-645

Abstract: This empirical study investigates the magnitude of economies of scale in the demand for money by firms in China. A panel threshold model is estimated. It is found that the estimated elasticity of scale in small firms is lower than that in large firms, indicating that small firms have larger economies of scale in demand for money in China.

Date: 2015
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DOI: 10.1080/13504851.2014.964825

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