Are there economies of scale in the demand for money by firms? Some panel data estimates

We estimate elasticities of scale in the demand for money by firms using firm level panel data from Spain, the UK, and the US. This elasticity is one for Spain and the UK but smaller for the US. We find that the errors in the money demand equations contain two terms that are correlated with sales. F...

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Bibliographic details

Volume:	52
Main Author:	Bover, Olympia Watson, Nadine
Format:	Journal Article
Language:	English
Zielgruppe:	Trade Academic
Place of publication:	AMSTERDAM Elsevier B.V 2005 ELSEVIER SCIENCE BV Elsevier
published in:	Journal of monetary economics Vol. 52; no. 8; pp. 1569 - 1589
Data of publication:	2005
ISSN:	0304-3932 1873-1295
EISSN:	1873-1295
Discipline:	Economics Business
Series:	Journal of Monetary Economics
Subjects:	Panel data Firms’ money demand Measurement error Technological change Economics Business & Economics Social Sciences Business, Finance Money Supply and demand Finance Business enterprises United States United Kingdom Spain D21 E41 Panel data C23 Firms’ money demand Technological change Measurement error measurement error technological change TIME CROSS-SECTION firms' money demand panel data
Online Access:	available in Bonn?
Database:	Social Sciences Citation Index Web of Science - Social Sciences Citation Index - 2005 Web of Knowledge Web of Science RePEc RePEc IDEAS CrossRef Academic OneFile (A&I only) Database information Databases - DBIS