مـحـددات الطلـب عـلى الـــنقـود في كل من الجزائر، المغرب وتونس- دراسة قیاسیة باستخدام نماذج البیانات المقطعیة الزمنیة

Abstract

The objective of this study is to examine long run determinants for the money demand.For three countries from the MENA region, using panel data models for the (1990-2014) period. After testing different models, we found that the fixed effect model is the most suitable to achieve our objective. Consistent with theoretical principles, the results show that there is long term positive relationship between real broad money (RM2) and Real GDP.As expected, the same variable (RM2), however, responds negatively to any interest increase.