Simple Search:

Testing liquidity constraints in 10 Asian developing countries: an error-correction model approach


Citation

Habibullah, Muzafar Shah and Smith, Peter and Wan Ngah, Wan Azman Saini (2006) Testing liquidity constraints in 10 Asian developing countries: an error-correction model approach. Applied Economics, 38 (21). pp. 2535-2543. ISSN 0003-6846

Abstract / Synopsis

An error-correction model is used to estimate the fraction of consumers who are liquidity-constrained in 10 Asian developing countries. Our estimates of the fraction of consumers who are liquidity-constrained range between 0.25 and 0.98. We further investigate whether financial liberalization has resulted in the reduction of liquidity constraints in these countries. However, the results find support for this only in the cases of South Korea, Sri Lanka and Taiwan.


Download File

[img]
Preview
PDF (Abstract)
Testing liquidity constraints in 10 Asian developing countries.pdf

Download (83kB) | Preview

Additional Metadata

Item Type: Article
Subject: Liquidity (Economics)
Subject: Finance - Developing countries
Subject: Neoliberalism - Developing countries
Divisions: Faculty of Economics and Management
DOI Number: 10.1080/00036840500427833
Keywords: error correction; finance; model test; neoliberalism; testing method
Depositing User: Azwana Abdul Rahman
Date Deposited: 04 Aug 2011 15:51
Last Modified: 17 Sep 2015 11:59
Altmetrics: http://www.altmetric.com/details.php?domain=psasir.upm.edu.my&doi=10.1080/00036840500427833
URI: http://psasir.upm.edu.my/id/eprint/18022
Statistic Details: View Download Statistic

Actions (login required)

View Item View Item