Real Money Balances in the Production Function of a Developing Economy: A Preliminary Study of the Malaysian Agricultural Sector
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 spe...
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| Format: | Article |
| Language: | English English |
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1988
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| Online Access: | http://psasir.upm.edu.my/id/eprint/2677/1/Real_Money_Balances_in_the_Production_Function_of_a_Developing.pdf |