EconPapers    
Economics at your fingertips  
 

Are there Economies of Scale in the Demand for Money by Firms? some Panel Data Estimates

Olympia Bover () and Nadine Watson
Additional contact information
Nadine Watson: NERA

No 8, Working Papers from Banco de España, Working Papers Homepage

Abstract: 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)
Date: 2000
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)

Related works:
Journal Article: Are there economies of scale in the demand for money by firms? Some panel data estimates (2005) Downloads
Working Paper: Are there Economies of Scale in the Demand for Money by Firms? Some Panel Data Estimates (2001) Downloads
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: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 ().

 
Page updated 2019-09-11
Handle: RePEc:bde:wpaper:0008