Go to AfricaBib home

Go to AfricaBib home AfricaBib Go to database home

bibliographic database
Previous page New search

The free AfricaBib App for Android is available here

Periodical article Periodical article Leiden University catalogue Leiden University catalogue WorldCat catalogue WorldCat
Title:A vector error correction and non-nested modelling of money demand function in Nigeria
Author:Nwaobi, Godwin ChukwudumISNI
Periodical:The Nigerian Journal of Economic and Social Studies
Geographic term:Nigeria
Subject:money demand
Abstract:This paper examines the stability of the demand for money in Nigeria. With a relatively simple model specifying a vector valued autoregressive process (VAR), the hypothesis of the existence of cointegration vectors was formulated as the hypothesis of reduced rank of the long-run impact matrix. This enabled the author to derive estimates and test statistics for the hypothesis of a given number of cointegration vectors. The money demand function was found to be stable. Evidence gathered from non-nested tests suggests that income is the more appropriate scale variable in the estimation of money demand function in Nigeria. App., bibliogr., sum. [Journal abstract]