Matches in SemOpenAlex for { <https://semopenalex.org/work/W1570141261> ?p ?o ?g. }
- W1570141261 abstract "This paper examines the long-run money demand function for 11 OECD countries from 1983 to 2006 using panel data and including wealth. The distinction between common factors and idiosyncratic components using principal component analysis allows to detect cross-member cointegration and to distinguish between international and national developments as drivers of the long-run relation between money and its determinants. Indeed, cointegration between the common factors of the underlying variables, i.e. cross-member cointegration, indicates that the long-run relationship is mainly driven by international stochastic trends. Furthermore, it is found that the impact of income on money demand is positive, while it is negative for the interest rate and stock prices. The estimated (semi-)elasticities of money are larger for the common factors than for the original variables, except the income elasticity. Finally, the results of a panel-based error-correction model suggest that money demand converges to an international cross-member equilibrium relation of the common factors." @default.
- W1570141261 created "2016-06-24" @default.
- W1570141261 creator A5089464105 @default.
- W1570141261 date "2011-01-01" @default.
- W1570141261 modified "2023-09-26" @default.
- W1570141261 title "Long-Run Money Demand in OECD Countries – Cross-Member Cointegration" @default.
- W1570141261 cites W1485398911 @default.
- W1570141261 cites W1599970749 @default.
- W1570141261 cites W1969230115 @default.
- W1570141261 cites W1975994995 @default.
- W1570141261 cites W1976386631 @default.
- W1570141261 cites W1978775682 @default.
- W1570141261 cites W1983122369 @default.
- W1570141261 cites W1985779826 @default.
- W1570141261 cites W1987043848 @default.
- W1570141261 cites W1990766674 @default.
- W1570141261 cites W1997101713 @default.
- W1570141261 cites W2024101771 @default.
- W1570141261 cites W2025610165 @default.
- W1570141261 cites W2027016821 @default.
- W1570141261 cites W2035295388 @default.
- W1570141261 cites W2041325563 @default.
- W1570141261 cites W2041548299 @default.
- W1570141261 cites W2066866124 @default.
- W1570141261 cites W2075013871 @default.
- W1570141261 cites W2078268972 @default.
- W1570141261 cites W2084751376 @default.
- W1570141261 cites W2097580026 @default.
- W1570141261 cites W2099107373 @default.
- W1570141261 cites W2101649288 @default.
- W1570141261 cites W2110457202 @default.
- W1570141261 cites W2111066384 @default.
- W1570141261 cites W2113074142 @default.
- W1570141261 cites W2113561662 @default.
- W1570141261 cites W2124884000 @default.
- W1570141261 cites W2131562259 @default.
- W1570141261 cites W2134246329 @default.
- W1570141261 cites W2138989197 @default.
- W1570141261 cites W2147324685 @default.
- W1570141261 cites W2148536489 @default.
- W1570141261 cites W2150299467 @default.
- W1570141261 cites W3121280202 @default.
- W1570141261 cites W3121507826 @default.
- W1570141261 cites W3121605804 @default.
- W1570141261 cites W3122205792 @default.
- W1570141261 cites W3123130806 @default.
- W1570141261 cites W3125736565 @default.
- W1570141261 cites W4230206799 @default.
- W1570141261 doi "https://doi.org/10.2139/ssrn.1753661" @default.
- W1570141261 hasPublicationYear "2011" @default.
- W1570141261 type Work @default.
- W1570141261 sameAs 1570141261 @default.
- W1570141261 citedByCount "2" @default.
- W1570141261 countsByYear W15701412612012 @default.
- W1570141261 countsByYear W15701412612016 @default.
- W1570141261 crossrefType "journal-article" @default.
- W1570141261 hasAuthorship W1570141261A5089464105 @default.
- W1570141261 hasBestOaLocation W15701412612 @default.
- W1570141261 hasConcept C107515699 @default.
- W1570141261 hasConcept C127413603 @default.
- W1570141261 hasConcept C134024062 @default.
- W1570141261 hasConcept C139719470 @default.
- W1570141261 hasConcept C145162277 @default.
- W1570141261 hasConcept C149782125 @default.
- W1570141261 hasConcept C162324750 @default.
- W1570141261 hasConcept C173921975 @default.
- W1570141261 hasConcept C175025494 @default.
- W1570141261 hasConcept C175444787 @default.
- W1570141261 hasConcept C176398731 @default.
- W1570141261 hasConcept C204036174 @default.
- W1570141261 hasConcept C2778816174 @default.
- W1570141261 hasConcept C556758197 @default.
- W1570141261 hasConcept C78519656 @default.
- W1570141261 hasConceptScore W1570141261C107515699 @default.
- W1570141261 hasConceptScore W1570141261C127413603 @default.
- W1570141261 hasConceptScore W1570141261C134024062 @default.
- W1570141261 hasConceptScore W1570141261C139719470 @default.
- W1570141261 hasConceptScore W1570141261C145162277 @default.
- W1570141261 hasConceptScore W1570141261C149782125 @default.
- W1570141261 hasConceptScore W1570141261C162324750 @default.
- W1570141261 hasConceptScore W1570141261C173921975 @default.
- W1570141261 hasConceptScore W1570141261C175025494 @default.
- W1570141261 hasConceptScore W1570141261C175444787 @default.
- W1570141261 hasConceptScore W1570141261C176398731 @default.
- W1570141261 hasConceptScore W1570141261C204036174 @default.
- W1570141261 hasConceptScore W1570141261C2778816174 @default.
- W1570141261 hasConceptScore W1570141261C556758197 @default.
- W1570141261 hasConceptScore W1570141261C78519656 @default.
- W1570141261 hasLocation W15701412611 @default.
- W1570141261 hasLocation W15701412612 @default.
- W1570141261 hasOpenAccess W1570141261 @default.
- W1570141261 hasPrimaryLocation W15701412611 @default.
- W1570141261 hasRelatedWork W139212905 @default.
- W1570141261 hasRelatedWork W1492605830 @default.
- W1570141261 hasRelatedWork W1567886557 @default.
- W1570141261 hasRelatedWork W1929186340 @default.
- W1570141261 hasRelatedWork W2038284612 @default.
- W1570141261 hasRelatedWork W2049363770 @default.
- W1570141261 hasRelatedWork W2105234469 @default.
- W1570141261 hasRelatedWork W2105511787 @default.