Saudi Arabia's Money Demand Function: A Further Comment

Abstract

I am delighted that Darrat has taken the trouble to re‐estimate his original function as suggested by my earlier comment. However, I find that his reply to my comment was highly selective and neglected the stability test of the function in its new form. A stable function is pertinent to the purpose of the model and its conclusions as original predicted.

Citation

Fadil, F. (1985), "Saudi Arabia's Money Demand Function: A Further Comment", Journal of Economic Studies, Vol. 12 No. 5, pp. 67-70. https://doi.org/10.1108/eb002616