On the Dynamic Specification of Money Demand in Kenya

Author:

Adam, Christopher

Place:

Oxford

Publisher:

Oxford University Press

Date published:

1992

Record type:

Journal article

Region:

Africa

Eastern Africa

Journal Title:

Journal of African Economies

Source:

Journal of African Economies Volume 1 Issue 2 August 1992 pp. 171-194

Subject:

MONETARY DEMAND

KENYA

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.

Language:

English

Country focus:

Kenya

Subject profile :

Budgeting / Finance / Accounting

DOI:

https://doi.org/10.1093/oxfordjournals.jae.a036750

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