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An Annual Money Demand Function for Pakistan. Some Further Results

Author

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  • I. U. MANGLA

    (Quaid-i-Azam University,Islamaba)

Abstract

The paper highlights the main issues involved in the theoretical and empirical estimation of the money demand function in Pakistan. Much of the recent empirical work on money demand has used income as a scale variable. Our work seeks to assess the relevant importance of the permanent income as an argument of the demand function for money. The results of our estimation indicate that a sta blemoney demand function exists using permanent income.

Suggested Citation

  • I. U. Mangla, 1979. "An Annual Money Demand Function for Pakistan. Some Further Results," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 18(1), pages 21-33.
    • Handle: RePEc:pid:journl:v:18:y:1979:i:1:p:21-33
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    File URL: http://www.pide.org.pk/pdf/PDR/1979/Volume1/21-33.pdf
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    References listed on IDEAS

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    Cited by:

    1. Syed Muhammad Tariq & Kent Matthews, 1997. "The Demand for Simple-sum and Divisia Monetary Aggregates for Pakistan: A Cointegration Approach," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 36(3), pages 275-291.
    2. Siffat Mushtaq & Abdul Rashid & Abdul Qayyum, 2012. "On the Welfare Cost of Inflation: The Case of Pakistan," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 51(1), pages 61-96.
    3. Muhammad Ahad, 2017. "Financial Development and Money Demand Function: Cointegration, Causality and Variance Decomposition Analysis for Pakistan," Global Business Review, International Management Institute, vol. 18(4), pages 811-824, August.
    4. Rana Ejaz Ali Khan & Qazi Muhammad Adnan Hye, 2013. "Financial liberalization and demand for money: a case of Pakistan," Journal of Developing Areas, Tennessee State University, College of Business, vol. 47(2), pages 175-198, July-Dece.
    5. Akhand Akhtar Hossain, 2009. "Central Banking and Monetary Policy in the Asia-Pacific," Books, Edward Elgar Publishing, number 12777.
    6. Muhammad Qasim & Khalil Ahmad & Muhammad Irfan Chani, 2021. "Exchange Rate Volatility and Money Demand: An Empirical Analysis of Pakistan," Journal of Policy Research (JPR), Research Foundation for Humanity (RFH), vol. 7(1), pages 15-25, March.
    7. Sajjad Akhtar & Sajid Manzoor, 1994. "The Demand for Financial Assets in Pakistan," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 33(2), pages 135-146.
    8. Ather Maqsood Ahmed & Muhammad Rafiq & M. Shahid Iqbal, 1993. "Dynamic Properties of an Aggregate Econometric Model of Pakistan's Economy," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 32(4), pages 1031-1041.
    9. SHAHEENA NISAR & NAHEED AsLAM, 1983. "The Demand for Money and the Term Structure of Interest Rates in Pakistan," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 22(2), pages 97-116.
    10. Muhammad Qasim & Khalil Ahmad & Dr. Muhammad Irfan Chani, 2015. "Exchange Rate Volatility and Money Demand: An Empirical Analysis of Pakistan," Journal of Policy Research (JPR), Research Foundation for Humanity (RFH), vol. 1(3), pages 131-141, September.
    11. Abdul Qayyum, 2005. "Modelling the Demand for Money in Pakistan," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 44(3), pages 233-252.
    12. Hassan, Rubina & Shahzad, Mirza Muhammad, 2011. "A macroeconometric framework for monetary policy evaluation: A case study of Pakistan," Economic Modelling, Elsevier, vol. 28(1-2), pages 118-137, January.
    13. Abdullah, Muhammad & Chani, Muhammad Irfan & Ali, Amjad, 2012. "Determinants of Money Demand in Pakistan: Disaggregated Expenditure Approach," MPRA Paper 50977, University Library of Munich, Germany, revised 2013.

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