Economic Bulletin for Asia and the Pacific

Asian Republics Augmented Dickey-Fuller test autocorrelation autoregressive Azerbaijan Bank Negara Malaysia base lending rate behaviour cent level cent significance level change in final change in import cointegrating regression cointegration cointegration tests Comecon commercial banks components concentration correlation countries CRDW Critical values domestic Engle and Granger equation equilibrium error-correction model error-correction term exports F-test final demand financial liberalization firms first-order growth Hasza Hatanaka estimate Herfindahl index implies import coefficients import demand increase industries interest elasticity interest rate elasticity Journal Kyrgyzstan lags M1 and MB macroeconomic Malaysia market structure monetary aggregates monetary base monetary policy money demand function Mongolia narrow money M1 non-stationary null hypothesis output parameters programme ratio real GNP reform residuals seasonal Sector description Import stability structural change t-statistics Table tion trade trend tugrik Turkmenistan Ulaanbaatar unit root USSR Uzbekistan Yahya