106
Views
25
CrossRef citations to date
0
Altmetric
Original Articles

Demand for M3 and expenditure components in Malaysia: assessment from bounds testing approach

Pages 721-725 | Published online: 06 Oct 2010

References

  • Anuar , A. R. 1986 . The demand formoney in Malaysia, 1965(1)–1984(4) . Analisis , 1 : 27 – 40 .
  • Bardsen , G. 1989 . Estimation of long-run coefficients in error correction models . Oxford Bulletin of Economics and Statistics , 51 : 345 – 350 .
  • Dekle , R. and Pradhan , M. 1999 . Financial liberalization and money demand in ASEAN countries . International Journal of Finance and Economics , 4 : 205 – 215 .
  • Engle , R. F. and Granger , C. W. J. 1987 . Cointegration and error correction: representation, estimation and testing . Econometrica , 55 : 251 – 276 .
  • Gafar , J. S. 1988 . The determinants of import demand in Trinidad and Tobago: 1967–84 . Applied Economics , 20 : 303 – 313 .
  • Habibulla , M. S. 1990 . Choice of scale variable and the specification of the Malaysian money demand function: a note . The Indian Economic Journal , 38 : 79 – 88 .
  • Hakkio , C. S. and Rush , M. 1991 . Cointegration: how short is the long-run? . Journal of International Money and Finance , December : 571 – 581 .
  • Hendry , D. F. and Ericsson , N. R. 1991 . Modelling the demand for narrow money in the United Kingdom and the United States . European Economic Review , 35 : 833 – 886 .
  • Huang , C. J. , Lin , C. and Cheng , J. 2001 . Evidence on nonlinear error correction in money demand: the case of Taiwan . Applied Economics , 33 : 1727 – 1736 .
  • Johansen , S. 1988 . Statistical analysis of cointegrating vectors . Journal of Economic Dynamics and Control , 12 : 231 – 254 .
  • Johansen , S. and Juselius , K. 1990 . Maximum likelihood estimation and inference on Cointegration with applications to the demand for money . Oxford Bulletin of Economics and Statistics , 52 : 169 – 210 .
  • Khalib , A. M. 1999 . Modelling money demand in open economies: the case of selected Asian countries . Applied Economics , 31 : 1129 – 1135 .
  • Kremers , J. J. M. , Ericsson , N. L. and Dolado , J. 1992 . The power of Cointegration tests . Journal of Econometrics , 52 : 389 – 402 .
  • Merican , L. , Ismail , A. , Lim , P. S. , Farizah , A. and Ng , B. 1994 . Monetary policy and inflation , Bank Negara Malaysia Discussion Papers, no. 30
  • MIER . 1990 . “ MIER annual model ” . In Models of the Malaysian Economy: A survey. MIER Kuala Lumpur Edited by: Imaoka , H. , Semudram , M. , Meyanathan , S. and Chew , K.
  • Mohd-Zulkhibri , A. A. M. and Habibullah , M. S. 2001 . Modeling the demand for M3 in Malaysia using error correction technique: does exchange rate control matter in the short-run? , Universiti Putra Malaysia . Department of Economics Working Paper, No. ECN03/2001
  • Mundell , A. R. 1963 . Capital mobility and stabilization policy under fixed and flexible exchange rates . Canadian Journal of Economics and Political Science , 29 : 475 – 485 .
  • Pesaran , M. H. , Shin , Y. and Smith , R. J. 2001 . Bounds testing approaches to the analysis of level relationships . Journal of Applied Econometrics , 16 : 289 – 326 .
  • Pattichis , C. A. 1999 . Price and income elasticities of disaggregated import demand: results from UECMs and an application . Applied Economics , 31 : 1061 – 1071 .
  • Pindyck , R. S. and Rubinfel , D. L. 1998 . Econometric Models and Economic Forecasts , Irwin/McGraw-Hill .
  • Tan , E. C. 1997 . Money demand amid financial sector developments in Malaysia . Applied Economics , 29 : 1201 – 1215 .
  • Tan , H. B. and Baharumshah , A. Z. 1999 . Dynamic causal chain of money, output, interst rate and prices in Malaysia: evidence based on vector error-correction modeling analysis . International Economic Journal , 13 : 103 – 120 .
  • Tang , T. C. 2001 . Bank lending and inflation in Malaysia: assessment from unrestricted error-correction models . Asian Economic Journal , 15 : 275 – 289 .
  • Tang , T. C. and Alias , M. H. 2000 . An aggregate import demand function for Malaysia: a cointegration and error correction analysis . Utara Management Review , 1 : 43 – 57 .
  • Semudram , M. 1981 . The demand for money in the Malaysian economy: empirical estimates and an analysis of stability . Journal of Economic Studies , 26 : 53 – 63 .
  • Sriram , S. 1999 . Demand for M2 in an emerging-market economy: an error-correction model for Malaysia , Research Department, International Monetary Fund . IMF Working Paper

Reprints and Corporate Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

To request a reprint or corporate permissions for this article, please click on the relevant link below:

Academic Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

Obtain permissions instantly via Rightslink by clicking on the button below:

If you are unable to obtain permissions via Rightslink, please complete and submit this Permissions form. For more information, please visit our Permissions help page.