Using P-Star model to linking money and prices in a financial liberalised developing economy: the case for Malaysia
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...
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| Format: | Article |
| Language: | English |
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Penerbit Universiti Kebangsaan Malaysia
1999
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| Online Access: | http://psasir.upm.edu.my/id/eprint/22541/1/Using%20P-Star%20model%20to%20linking%20money%20and%20prices%20in%20a%20financial%20liberalised%20developing%20economy%20the%20case%20for%20Malaysia.pdf |
| _version_ | 1825946891029839872 |
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| author | Habibullah, Muzafar Shah |
| author_facet | Habibullah, Muzafar Shah |
| author_sort | Habibullah, Muzafar Shah |
| collection | UPM |
| description | 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. |
| first_indexed | 2024-03-06T07:54:15Z |
| format | Article |
| id | upm.eprints-22541 |
| institution | Universiti Putra Malaysia |
| language | English |
| last_indexed | 2024-03-06T07:54:15Z |
| publishDate | 1999 |
| publisher | Penerbit Universiti Kebangsaan Malaysia |
| record_format | dspace |
| spelling | upm.eprints-225412016-02-01T08:24:45Z http://psasir.upm.edu.my/id/eprint/22541/ Using P-Star model to linking money and prices in a financial liberalised developing economy: the case for Malaysia Habibullah, Muzafar Shah 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. Penerbit Universiti Kebangsaan Malaysia 1999 Article PeerReviewed application/pdf en http://psasir.upm.edu.my/id/eprint/22541/1/Using%20P-Star%20model%20to%20linking%20money%20and%20prices%20in%20a%20financial%20liberalised%20developing%20economy%20the%20case%20for%20Malaysia.pdf 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 http://www.ukm.my/fep/jem/content/1999.html |
| spellingShingle | Habibullah, Muzafar Shah Using P-Star model to linking money and prices in a financial liberalised developing economy: the case for Malaysia |
| title | Using P-Star model to linking money and prices in a financial liberalised developing economy: the case for Malaysia |
| title_full | Using P-Star model to linking money and prices in a financial liberalised developing economy: the case for Malaysia |
| title_fullStr | Using P-Star model to linking money and prices in a financial liberalised developing economy: the case for Malaysia |
| title_full_unstemmed | Using P-Star model to linking money and prices in a financial liberalised developing economy: the case for Malaysia |
| title_short | Using P-Star model to linking money and prices in a financial liberalised developing economy: the case for Malaysia |
| title_sort | using p star model to linking money and prices in a financial liberalised developing economy the case for malaysia |
| url | http://psasir.upm.edu.my/id/eprint/22541/1/Using%20P-Star%20model%20to%20linking%20money%20and%20prices%20in%20a%20financial%20liberalised%20developing%20economy%20the%20case%20for%20Malaysia.pdf |
| work_keys_str_mv | AT habibullahmuzafarshah usingpstarmodeltolinkingmoneyandpricesinafinancialliberaliseddevelopingeconomythecaseformalaysia |