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 |
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2006
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| Online Access: | http://psasir.upm.edu.my/id/eprint/18022/ http://psasir.upm.edu.my/id/eprint/18022/1/Testing%20liquidity%20constraints%20in%2010%20Asian%20developing%20countries.pdf |
| _version_ | 1848843404481396736 |
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| author | Habibullah, Muzafar Shah Smith, Peter Wan Ngah, Wan Azman Saini |
| author_facet | Habibullah, Muzafar Shah Smith, Peter Wan Ngah, Wan Azman Saini |
| author_sort | Habibullah, Muzafar Shah |
| building | UPM Institutional Repository |
| collection | Online Access |
| description | 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. |
| first_indexed | 2025-11-15T08:14:29Z |
| format | Article |
| id | upm-18022 |
| institution | Universiti Putra Malaysia |
| institution_category | Local University |
| language | English English |
| last_indexed | 2025-11-15T08:14:29Z |
| publishDate | 2006 |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | upm-180222015-09-17T03:59:40Z http://psasir.upm.edu.my/id/eprint/18022/ Testing liquidity constraints in 10 Asian developing countries: an error-correction model approach Habibullah, Muzafar Shah Smith, Peter Wan Ngah, Wan Azman Saini 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. 2006-12-10 Article PeerReviewed application/pdf en http://psasir.upm.edu.my/id/eprint/18022/1/Testing%20liquidity%20constraints%20in%2010%20Asian%20developing%20countries.pdf 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 http://dx.doi.org/10.1080/00036840500427833 Liquidity (Economics) Finance - Developing countries Neoliberalism - Developing countries doi:10.1080/00036840500427833 English |
| spellingShingle | Liquidity (Economics) Finance - Developing countries Neoliberalism - Developing countries Habibullah, Muzafar Shah Smith, Peter Wan Ngah, Wan Azman Saini Testing liquidity constraints in 10 Asian developing countries: an error-correction model approach |
| title | Testing liquidity constraints in 10 Asian developing countries: an error-correction model approach |
| title_full | Testing liquidity constraints in 10 Asian developing countries: an error-correction model approach |
| title_fullStr | Testing liquidity constraints in 10 Asian developing countries: an error-correction model approach |
| title_full_unstemmed | Testing liquidity constraints in 10 Asian developing countries: an error-correction model approach |
| title_short | Testing liquidity constraints in 10 Asian developing countries: an error-correction model approach |
| title_sort | testing liquidity constraints in 10 asian developing countries: an error-correction model approach |
| topic | Liquidity (Economics) Finance - Developing countries Neoliberalism - Developing countries |
| url | http://psasir.upm.edu.my/id/eprint/18022/ http://psasir.upm.edu.my/id/eprint/18022/ http://psasir.upm.edu.my/id/eprint/18022/ http://psasir.upm.edu.my/id/eprint/18022/1/Testing%20liquidity%20constraints%20in%2010%20Asian%20developing%20countries.pdf |