Are there Economies of Scale in the Demand for Money by Firms? some Panel Data Estimates
Olympia Bover () and
Additional contact information
Nadine Watson: NERA
No 8, Working Papers from Banco de España, Working Papers Homepage
The purpose of this paper is to estimate elasticities of scale in the demand for money by firms using firm level panel data. In common with the recent literature, we use disaggregate data to overcome the identification problems in aggregate time series approaches. Our main dataset is a sample of Spanish companies that are observed for the period 1983-1996, although we also analyse comparable datasets for the UK and the US. As measures of scale we consider both firm sales and firm output.
Keywords: demand; money; wages; elasticity; interest rate (search for similar items in EconPapers)
JEL-codes: E43 E41 (search for similar items in EconPapers)
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3) Track citations by RSS feed
Downloads: (external link)
http://www.bde.es/f/webbde/SES/Secciones/Publicaci ... o/00/Fic/dt0008e.pdf First version, 2000 (application/pdf)
Journal Article: Are there economies of scale in the demand for money by firms? Some panel data estimates (2005)
Working Paper: Are there Economies of Scale in the Demand for Money by Firms? Some Panel Data Estimates (2001)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:bde:wpaper:0008
Access Statistics for this paper
More papers in Working Papers from Banco de España, Working Papers Homepage Contact information at EDIRC.
Bibliographic data for series maintained by María Beiro. Electronic Dissemination of Information Unit. Research Department. Banco de España ().