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Demanda de dinero al nivel de la firma: el caso colombiano

Author

Listed:
  • Hermilson Velásquez
  • Francisco Zuluaga Díaz

Abstract

Resumen:La construcción de modelos que contribuyan a la explicación del comportamiento de la demanda de dinero son aportes importantes para el análisis económico, ya que ellos pueden explicar el comportamiento de la tasa de inflación así como también de la tasa de interés, variables fundamentales para el manejo de política económica. En este trabajo, se utilizan diferentes especificaciones de modelos de datos de panel para explicar el comportamiento de la demanda de dinero al nivel de la firma, así como también detectar la posible presencia de economías de escala.Abstract: The construction of models that contribute to the explanation of the money demand are important for the economic analysis because they can explain the behaviour of the inflation and interest rates, which are fundamental variables for the economic policy management. In this paper, we use different specifications of panel data models to explain the behaviour of the money demand at the firm level, as well as to detect the possible presence of economies of scale

Suggested Citation

  • Hermilson Velásquez & Francisco Zuluaga Díaz, 2005. "Demanda de dinero al nivel de la firma: el caso colombiano," Revista Ecos de Economía, Universidad EAFIT, October.
    • Handle: RePEc:col:000442:010773
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    References listed on IDEAS

    as
    1. Bover, Olympia & Watson, Nadine, 2005. "Are there economies of scale in the demand for money by firms? Some panel data estimates," Journal of Monetary Economics, Elsevier, vol. 52(8), pages 1569-1589, November.
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    6. Manuel Arellano & Stephen Bond, 1991. "Some Tests of Specification for Panel Data: Monte Carlo Evidence and an Application to Employment Equations," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 58(2), pages 277-297.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Datos de Panel; Elasticidades de Escala; Método Generalizado de los Momentos (GMM); Primeras Diferencias; Desviaciones Ortogonales; Demanda de Dinero; Economías de Escala; Panel Data; Elasticities of Scale; Generalized Method of Moments; First Differences; Orthogonal Deviations; Money Demand; Economies of Scale;
    All these keywords.

    JEL classification:

    • C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Spatio-temporal Models
    • C33 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Models with Panel Data; Spatio-temporal Models

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