On the Dynamic Specification of Money Demand in Kenya
On the Dynamic Specification of Money Demand in Kenya
Place:
Oxford
Publisher:
Oxford University Press
Date published:
1992
Record type:
Region:
Journal Title:
Journal of African Economies
Source:
Journal of African Economies Volume 1 Issue 2 August 1992 pp. 171-194
Subject:
Abstract:
Recent developments in the theory of dynamic specification are applied to the estimation of the demand for money in post-independence Kenya. The models use a broad specification of the demand function, allowing for parallel market currency substitution effects, from which robust error-correction models of money demand are estimated for a range of standard and Divisia monetary aggregates and are shown to encompass existing studies.
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Subject profile :
CITATION: Adam, Christopher. On the Dynamic Specification of Money Demand in Kenya . Oxford : Oxford University Press , 1992. Journal of African Economies Volume 1 Issue 2 August 1992 pp. 171-194 - Available at: https://library.au.int/dynamic-specification-money-demand-kenya