Testing liquidity constraints in 10 Asian developing countries: an error-correction model approach
Habibullah, Muzafar Shah, Smith, Peter and Azman-Saini, W.N.W. (2006) Testing liquidity constraints in 10 Asian developing countries: an error-correction model approach. Applied Economics, 38, (21), 2535-2543. (doi:10.1080/00036840500427833).
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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.
|Digital Object Identifier (DOI):||doi:10.1080/00036840500427833|
|Subjects:||H Social Sciences > HT Communities. Classes. Races
H Social Sciences > HB Economic Theory
|Divisions:||University Structure - Pre August 2011 > School of Social Sciences > Economics
|Date Deposited:||05 Jun 2008|
|Last Modified:||31 Mar 2016 12:03|
|RDF:||RDF+N-Triples, RDF+N3, RDF+XML, Browse.|
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