Showing papers in "The Nigerian journal of economic and social studies in 2000"

A vector error correction and non-nested modelling of money demand function in Nigeria

Abstract: This paper examines the stability of the demand for money in Nigeria. With relatively simple model specifying a vector valued autoregressive process(VAR),the money demand function was found to be stable and evidence gathered from the non-nested tests suggest that income is the more appropriate scale variable in the estimation of money demand function in Nigeria.