Narayan, P K; Narayan, S - In: Economic Issues Journal Articles 13 (2008) 1, pp. 71-91
In this paper, we estimate Fiji's money demand function for the period 1971-2002 based on the bounds testing approach to cointegration, which is applicable irrespective of whether or not the underlying variables are non-stationary. We estimate models with and without a time trend and for lag...