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