Simple Search:

Using P-Star model to linking money and prices in a financial liberalised developing economy: the case for Malaysia


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 / Synopsis

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.


Download File

[img]
Preview
PDF (Abstract)
Using P-Star model to linking money and prices in a financial liberalised developing economy the case for Malaysia.pdf

Download (36kB) | Preview

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 16:24
Last Modified: 01 Feb 2016 16:24
URI: http://psasir.upm.edu.my/id/eprint/22541
Statistic Details: View Download Statistic

Actions (login required)

View Item View Item