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A macro-econometric diagnosis of the Keynesian propositions of the money demand function in Malawi: An error-correction approach

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Academic year: 2017

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Table 1.  Unit root results for level variables
Table 2.  Unit root results for first difference variables  Variable  Augmented Dickey Fuller Test Statistic
Table 4. Estimated short-run error correction results                                                     (Dependent variable:  m: Log of real money balances)
Figure 1. Results of the CUSUM stability test
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