The goal of this paper is to investigate the money demand function in Jordan by employing the cointegration analysis proposed by Engle and Granger, and extended by Johansen. By using Johansen procedure the relative importance of each variable explaining the money demand function is identified. Generally it was found that all suggested variables are nonstationary. This consequently sheds some doubts on previous studies based on conventional methods of estimation. Also, the study found that there exists a long run relationship among money income and interest rate
"The Demand for Money in Jordan: Evidence from Cointegrartion Analysis,"
Jerash for Research and Studies Journal مجلة جرش للبحوث والدراسات: Vol. 2
, Article 5.
Available at: https://digitalcommons.aaru.edu.jo/jpu/vol2/iss1/5