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Please use this identifier to cite or link to this item: http://hdl.handle.net/123456789/4132

Title: Cointegration, error correction and the demand for money in Saudi Arabia
Authors: Alkswani, Mamdouh Alkhatib
Al-Towaijari, Hamad A.
Keywords: Money
Economy
Saudi Arabia
Integration
Instability
Stationarity
Issue Date: 2009
Publisher: King Saud University
Abstract: This study investigates the determinants of the money demand function in Saudi Arabia. Saudi economy was instable during the period 1977-1997 because of its dependence of the production of oil. This depending affects sharply the rates of growth and the rates of inflation. The integration and cointegration proprieties of the data are analyzed and the model of error correction is used to estimate the demand for money. This paper concludes that even the period of high instability in the economy, there exists a stationarity long run demand for narrow money (M1) in Saudi Arabia.
Description: Author 1 :Alkswani, Mamdouh Alkhatib Associate Professor, Author 2: Al-Towaijari, Hamad A. Assistant Professor in Economics Department, College of Administrative Sciences, King Saud University
URI: http://hdl.handle.net/123456789/4132
Appears in Collections:College of Administrative Sciences and Al-Majma’ah

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