Citation
Habibullah, Muzafar Shah
(1999)
Using P-Star model to linking money and prices in a financial liberalised developing economy: the case for Malaysia.
Jurnal Ekonomi Malaysia, 33.
pp. 123-140.
ISSN 0126-1962
Abstract
The P-Star approach of modelling inflation proposed by Hallman el al. has been widely tested in the United States and other developed countries. The applicability of the P-Star model for the developing countries is yet to be determined. The main purpose of the present study is to add to the current literature on the robustness of the P-Star model with respect to a developing country - Malaysia. Using a sample period from 1981: 1 to 1994:4, our results suggest that Malaysian monetary data support the P-Star model. We conclude that there is a close relationship between money and the price level in Malaysia despite the occurrences of financial liberalisation in the 1980s and 1990s.
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Additional Metadata
| Item Type: | Article |
|---|---|
| Divisions: | Faculty of Economics and Management |
| Publisher: | Penerbit Universiti Kebangsaan Malaysia |
| Keywords: | P-Star; Financial liberalisation; Money; Price |
| Depositing User: | Nabilah Mustapa |
| Date Deposited: | 01 Feb 2016 08:24 |
| Last Modified: | 01 Feb 2016 08:24 |
| URI: | http://psasir.upm.edu.my/id/eprint/22541 |
| Statistic Details: | View Download Statistic |
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