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Title:OCENJEVANJE FUNKCIJE POVPRAŠEVANJA PO DENARJU ZA VELIKO BRITANIJO V OBDOBJU 1970-1999
Authors:Škerget, Maja (Author)
Jagrič, Timotej (Mentor) More about this mentor... New window
Files:.pdf UNI_Skerget_Maja_2010.pdf (616,68 KB)
 
Language:Slovenian
Work type:Final seminar paper (mb14)
Organization:EPF - Faculty of Business and Economics
Abstract:Ekonomska teorija ugotavlja, da je povpraševanje po denarju pozitivno odvisno od realnega dohodka oziroma realnega premoženja ter negativno od obrestne mere, kar pa potrjujejo tudi empirične študije povpraševanja po denarju za Veliko Britanijo. Pri ocenjevanju funkcije povpraševanja po denarju za Veliko Britanijo v obdobju 1970-1999 smo ugotovili, da so ocenjeni regresijski koeficienti v skladu z ekonomsko teorijo, izjema je predznak regresijskega koeficienta pri pojasnjevalni spremenljivki GDP. Pri preverjanju predpostavk metode najmanjših kvadratov smo prišli do sklepa, da dvojno logaritemska funkcija povpraševanja po denarju odstopa od le-teh. Po odpravi avtokorelacije lahko povemo, da se predznaki regresijskih koeficientov novo ocenjene funkcije povpraševanja po denarju skladajo s teorijo. S pomočjo Chowovega testa in z uporabo slamnatih spremenljivk smo pri dvojno logaritemski funkciji ugotovili, da se podvzorca za prvih in drugih petnajst let med seboj razlikujeta. Do spremembe prihaja pri diferencialnem presečiščnem koeficientu in diferencialnem smernem koeficientu pri pojasnjevalni spremenljivki realni bruto domači proizvod.
Keywords:Metoda najmanjših kvadratov, teorije povpraševanja po denarju, funkcija povpraševanja po denarju, denarni agregat M1, obrestna mera zakladnih menic, realni bruto domači proizvod.
Year of publishing:2010
Publisher:[M. Škerget]
Source:Maribor
UDC:336.748
COBISS_ID:10455580 Link is opened in a new window
NUK URN:URN:SI:UM:DK:I8RGLWGW
Views:1422
Downloads:312
Metadata:XML RDF-CHPDL DC-XML DC-RDF
Categories:EPF
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Secondary language

Language:English
Title:ESTIMATION OF DEMAND FOR MONEY FUNCTION FOR UNITED KINGDOM FOR THE PERIOD 1970-1999
Abstract:The economic theory establishes, that the demand for money depends positively on real income and real wealth and negatively on interest rates, what is confirmed by empirical studies of money demand for the United Kingdom. In assessing the function of demand for money for the United Kingdom in the period 1970-1999, we found out that the estimated regression coefficients are in accordance with the economic theory, except for the sign of the regression coefficient for the explanatory variable GDP. When checking the assumptions of least squares method, we came to the conclusion that the double logarithmic demand for money function withdrawal from them. After the removal of autocorrelation we can say, that the signs of the new estimated demand for money function consistent with the theory. With the help of the Chow's test and the use of dummy variables we found out, that the double logarithmic function for the sub-sample differences between the first fifteen years and the next fifteen years. Changes come in a differential intercept coefficient and differential slope coefficient for the explanatory variable real gross domestic product.
Keywords:The method of least squares, theories of demand for money, demand for money function, monetary aggregate M1, treasury bill rate, real gross domestic product.


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