Testing liquidity constraints in ten selected Asian countries: an error-correction approach
Habibullah, Muzafar Shah, Smith, Peter and Azman-Saini, Wan (2006) Testing liquidity constraints in ten selected Asian countries: an error-correction 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.
|Subjects:||H Social Sciences > H Social Sciences (General)|
|Divisions:||University Structure - Pre August 2011 > School of Social Sciences > Economics
|Date Deposited:||24 Mar 2010|
|Last Modified:||02 Mar 2012 11:53|
|Contributors:||Habibullah, Muzafar Shah (Author)
Smith, Peter (Author)
Azman-Saini, Wan (Author)
|RDF:||RDF+N-Triples, RDF+N3, RDF+XML, Browse.|
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