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Real Money Balances in the Production Function of a Developing Economy: A Preliminary Study of the Malaysian Agricultural Sector


Citation

Habibullah, Muzafar Shah (1988) Real Money Balances in the Production Function of a Developing Economy: A Preliminary Study of the Malaysian Agricultural Sector. Pertanika, 11 (3). pp. 451-460.

Abstract / Synopsis

Recent empirical evidence suggest that real money balances can be treated as a productive input in production. The reason for incorporating real money balances as a factor of production is because real money balances as a medium of exchange facilitate adjustments between capital and labour for specialization purposes and thus increase productivity. This study is an attempt to empirically test the evidence that real money balances is an input in the production function of the Malaysian agricultural sector. The results suggest that real money balances play significant role as a productive input in the production function of the Malaysian agricultural sector.


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Additional Metadata

Item Type: Article
Divisions: Faculty of Economics and Management
Depositing User: Nur Izyan Mohd Zaki
Date Deposited: 17 Nov 2009 09:02
Last Modified: 27 May 2013 15:02
URI: http://psasir.upm.edu.my/id/eprint/2677
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