Browsing by Author "Gharzuddine, Emad Samir"

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    Integrating the GCC: A Look in to Money Demand Functions
    (2015) Gharzuddine, Emad Samir
    We construct an individual and panel data for GCC's six countries to estimate the money demand function of the individual countries, while examining the co-integration hypothesis among the different variables of the money demand function using Pedroni's panel co-integration tests. We find strong evidence that the money demand functions are stable, while the scale and interest elasticities signs abide by the theory. Moreover, we find out that the GCC’s money demand function is only a function of income.