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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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Main Author: Habibullah, Muzafar Shah
Format: Article
Language:English
Published: Penerbit Universiti Kebangsaan Malaysia 1999
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
http://psasir.upm.edu.my/id/eprint/22541/
http://www.ukm.my/fep/jem/content/1999.html
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spelling my.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
institution Universiti Putra Malaysia
building UPM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Putra Malaysia
content_source UPM Institutional Repository
url_provider http://psasir.upm.edu.my/
language English
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.
format Article
author Habibullah, Muzafar Shah
spellingShingle Habibullah, Muzafar Shah
Using P-Star model to linking money and prices in a financial liberalised developing economy: the case for Malaysia
author_facet Habibullah, Muzafar Shah
author_sort Habibullah, Muzafar Shah
title 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_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_sort using p-star model to linking money and prices in a financial liberalised developing economy: the case for malaysia
publisher Penerbit Universiti Kebangsaan Malaysia
publishDate 1999
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
http://psasir.upm.edu.my/id/eprint/22541/
http://www.ukm.my/fep/jem/content/1999.html
_version_ 1643827854121631744
score 13.211869

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