The macro-economic reform and the demand for money in India

Dasgupta, Basab; Gupta, Rangan

dc.contributor.author	Dasgupta, Basab
dc.contributor.author	Gupta, Rangan
dc.date.accessioned	2012-07-23T06:57:24Z
dc.date.available	2012-07-23T06:57:24Z
dc.date.issued	2011-10
dc.description.abstract	This paper is an attempt to estimate the short-run and long-run money demand functions in India during the 90’s. The paper tries to closely follow the methodologies laid down in Chow (1966), Hendry (1980), Rose (1985) and Hwang (1985). The main findings of the paper are: 1) permanent income is not an appropriate representation of the scale variable, 2) the positive interest elasticity of demand for money in the short-run, 3i) limited ability of economic agents in removing disequilibrium of past period, and 4) rejection of the real adjustment hypothesis.	en
dc.description.librarian	nf2012	en
dc.description.uri	http://journals.cluteonline.com/index.php/IBER	en_US
dc.identifier.citation	Dasgupta, B & Gupta, R 2011, 'The macro-economic reform and the demand for money In India', International Business & Economics Research Journal, vol. 10, no. 10, pp. 61-70.	en
dc.identifier.issn	1535-0754 (print)
dc.identifier.issn	2157-9393 (online)
dc.identifier.uri	http://hdl.handle.net/2263/19490
dc.language.iso	en	en_US
dc.publisher	Clute Institute for Academic Research	en_US
dc.rights	© 2011 The Clute Institute	en_US
dc.subject	Error correction models	en
dc.subject	Partial adjustment models	en
dc.subject.lcsh	Demand for money -- India	en
dc.subject.lcsh	Demand functions (Economic theory)	en
dc.subject.lcsh	India -- Economic policy	en
dc.subject.lcsh	Macroeconomics -- Mathematical models	en
dc.title	The macro-economic reform and the demand for money in India	en
dc.type	Article	en