Year: 2013
Type: article
Abstract: This paper examines the demand for money in Namibia. Time series techniques such as unit root test, \ncointegration and Autoregressive Distributed Lag (ARDL) approach were utilized on quarterly data for the period \n2000:Q1 to 2012:Q4. The results based on the unit root test shows that the variables are integrated of order one. The \nbound testing approach to cointegration reveal that there is no cointegration among real money aggregates (M1 and \nM2), real income, inflation and interest rate. Therefore, the stability of demand for money function could not be \nestablished.
Institution: University of Namibia
Language: English
Domain: Social Sciences
Open Access status: green
OpenAlex ID: W1536685494