A COMPARATIVE STUDY BETWEEN ARDL AND JOHANSEN PROCEDURES IN NARROW MONEY ESTIMATION IN THE IRANIAN ECONOMY

Q: How can I download an article?

To download an article from SID, first log in to the site, search for the article title, and click on the 'Download Article' option.

Q: How can I download an ISI article?

To download an ISI article on SID, enter the keyword or article title in the search bar, view the relevant results, click on the desired article, and select the 'Download Article' option.

Q: How can I access the SID database?

To access the SID database, visit SID.ir, create an account, and log in to access scientific resources.

Q: Is downloading articles from SID free?

Some articles on SID are available for free, while others require payment. Details are specified on the article's page.

MOSTAFAVI MAHDI

مرکز اطلاعات علمی Scientific Information Database (SID) - Trusted Source for Research and Academic Resources

Download Full-Text

Persian Verion

View:

1,802

Download:

192

Cites:

Information Journal Paper

Title

A COMPARATIVE STUDY BETWEEN ARDL AND JOHANSEN PROCEDURES IN NARROW MONEY ESTIMATION IN THE IRANIAN ECONOMY

Author(s)

MOSTAFAVI MAHDI | Issue Writer Certificate

Keywords

REAL NARROWMONEYQ3

LONG RUNQ2

COINTEGRATIONQ2

ARDLQ2

JOHANSENQ2

Abstract

The purpose of this study is estimation of narrow money in the LONG RUN via ARDL and JOHANSEN procedures. In doing so first econometric model has been investigated. For modeling narrow money two studies have been applied namely Rother (1999) and Bahmani Oskooee (1996). The applied model in this study deals with GDP, inflation, rates of return on foreign exchange and cars. In order to investigate the LONG RUN relationship among involved determinants in the model, COINTEGRATION test has been applied via ARDL and JOHANSEN procedures. According toltrace adjusted there is only one COINTEGRATION vector for the RM1 model. Then we derived the LONG RUN coefficients for RM1 model and concluded the same results as those of the ARDL test in the light of the theory basis. Although the ARDL and JOHANSEN use very different techniques in estimation, the former employs ordinary least squares while the latter uses the maximum likelihood estimation method. Thus, one-to-one comparison of the magnitudes of the coefficients may not be appropriate and requires some caution. Hence there is a bit difference between two mentioned results in determinants parameters magnitudes. Explanation of the coefficients of determinants (GDP and inflation) in JOHANSEN is more real and closer to theory in comparison to ARDL procedure.

Cites

No record.

References

No record.

Cite

APA: Copy

MOSTAFAVI, MAHDI. (2012). A COMPARATIVE STUDY BETWEEN ARDL AND JOHANSEN PROCEDURES IN NARROW MONEY ESTIMATION IN THE IRANIAN ECONOMY. JOURNAL OF QUANTITATIVE ECONOMICS (QUARTERLY JOURNAL OF ECONOMICS REVIEW), 8(4 (31)), 47-67. SID. https://sid.ir/paper/110778/en

Vancouver: Copy

MOSTAFAVI MAHDI. A COMPARATIVE STUDY BETWEEN ARDL AND JOHANSEN PROCEDURES IN NARROW MONEY ESTIMATION IN THE IRANIAN ECONOMY. JOURNAL OF QUANTITATIVE ECONOMICS (QUARTERLY JOURNAL OF ECONOMICS REVIEW)[Internet]. 2012;8(4 (31)):47-67. Available from: https://sid.ir/paper/110778/en

IEEE: Copy

MAHDI MOSTAFAVI, “A COMPARATIVE STUDY BETWEEN ARDL AND JOHANSEN PROCEDURES IN NARROW MONEY ESTIMATION IN THE IRANIAN ECONOMY,” JOURNAL OF QUANTITATIVE ECONOMICS (QUARTERLY JOURNAL OF ECONOMICS REVIEW), vol. 8, no. 4 (31), pp. 47–67, 2012, [Online]. Available: https://sid.ir/paper/110778/en

Related Journal Papers