Testing liquidity constraints in 10 Asian developing countries: an error-correction model approach
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 re...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English English |
| Published: |
2006
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| Subjects: | |
| Online Access: | http://psasir.upm.edu.my/id/eprint/18022/1/Testing%20liquidity%20constraints%20in%2010%20Asian%20developing%20countries.pdf |