The stability of money demand in Nigeria: An autoregressive distributed lag approach

被引：38
|
作者：
Akinlo, AE [1 ]
机构：
[1] Obafemi Awolowo Univ, Dept Econ, Ife, Nigeria
来源：
JOURNAL OF POLICY MODELING | 2006年 / 28卷 / 04期
关键词：
M2 money demand; stability; ARDL; Nigeria;
D O I：
10.1016/j.jpolmod.2005.09.001
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
Using the ARDL approach combined with CUSUM and CUSUMSQ tests, we examined the cointegrating property and stability of M2 money demand. The results show the M2 is cointegrated with income, interest rate and exchange rate. Moreover, the result revealed somewhat stable relation in particular the CUSUM test. (c) 2006 Published by Elsevier Inc. on behalf of Society for Policy Modeling.
引用
收藏
页码：445 / 452
页数：8
相关论文
共 50 条
  • [1] Macroeconomic determinants of housing demand in Saudi Arabia: an autoregressive distributed lag approach
    Akinwale, Yusuf Opeyemi
    Oladapo, Ibrahim Abiodun
    Olaopa, Olawale Rafiu
    Gabbori, Dina
    INTERNATIONAL JOURNAL OF HOUSING MARKETS AND ANALYSIS, 2024,
  • [2] Estimation of Demand for Beef Imports in Indonesia: An Autoregressive Distributed Lag (ARDL) Approach
    Hadi, Sholih Nugroho
    Chung, Rebecca H.
    AGRICULTURE-BASEL, 2022, 12 (08):
  • [3] Impact of Climate Change on Cassava Yield in Nigeria: An Autoregressive Distributed Lag Bound Approach
    Anyaegbu, Casmir Ndukaku
    Okpara, Kingsley Ezechukwu
    Taweepreda, Wirach
    Akeju, David
    Techato, Kuaanan
    Onyeneke, Robert Ugochukwu
    Poshyachinda, Saran
    Pongpiachan, Siwatt
    AGRICULTURE-BASEL, 2023, 13 (01):
  • [4] Human Capital Development and Macroeconomic Performance in Nigeria: An Autoregressive Distributed Lag (ARDL) Approach
    Maku, Olukayode Emmanuel
    Ajike, Emmanuel Obonna
    Chinedu, Solomon Chimereze
    ETIKONOMI, 2019, 18 (02): : 185 - 196
  • [5] Human Capital Formation and Nigeria Economic Development: An Autoregressive Distributed Lag (ARDL) Approach
    Afolayan, Olufunmilayo T.
    Okodua, Henry
    Oaikhenan, Hassan
    VISION 2025: EDUCATION EXCELLENCE AND MANAGEMENT OF INNOVATIONS THROUGH SUSTAINABLE ECONOMIC COMPETITIVE ADVANTAGE, 2019, : 8215 - 8231
  • [6] POLYNOMIAL DISTRIBUTED LAG STRUCTURES IN DEMAND FUNCTION FOR MONEY
    DICKSON, HD
    STARLEAF, DR
    JOURNAL OF FINANCE, 1972, 27 (05): : 1035 - 1043
  • [7] The impact of technological innovation on unemployment in Nigeria: an Autoregressive distributed lag and Frequency Domain Causality approach
    Oluwatoyin Abidemi Somoye
    SN Business & Economics, 4 (5):
  • [8] DEFICIT FINANCING ASYMMETRY AND NIGERIA'S ECONOMIC GROWTH: A NONLINEAR AUTOREGRESSIVE DISTRIBUTED LAG APPROACH
    Mohammed, I. D.
    Abubakar, Sule
    ECONOMICS AND FINANCE LETTERS, 2020, 7 (02): : 112 - 121
  • [9] Modelling aggregate domestic electricity demand in Ghana: An autoregressive distributed lag bounds cointegration approach
    Adom, Philip Kofi
    Bekoe, William
    Akoena, Sesi Kutri Komla
    ENERGY POLICY, 2012, 42 : 530 - 537
  • [10] Money demand stability: A case study of Nigeria
    Kumar, Saten
    Webber, Don J.
    Fargher, Scott
    JOURNAL OF POLICY MODELING, 2013, 35 (06) : 978 - 991
12345