Badarudin, Zatul E. - In: Journal of the Asia Pacific economy 14 (2009) 4, pp. 331-350
This paper reports new evidence consistent with the post-Keynesian hypothesis of money endogeneity for hitherto unexplored 10 emerging economies. These results were obtained using a vector error correction model to test for long-run and short-run causalities with data from 1996 to 2007. The...