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 et 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 prupose of the present study is to add to the current...
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| Format: | Article |
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Penerbit Universiti Kebangsaan Malaysia
1999
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| Online Access: | http://journalarticle.ukm.my/1360/ |
| _version_ | 1848809508020682752 |
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| author | Muzafar Shah Habibullah, |
| author_facet | Muzafar Shah Habibullah, |
| author_sort | Muzafar Shah Habibullah, |
| building | UKM Institutional Repository |
| collection | Online Access |
| description | The P-Star approach of modelling inflation proposed by Hallman et 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 prupose 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 occurences of financial liberalisation in the 1980s and 1990s |
| first_indexed | 2025-11-14T23:15:43Z |
| format | Article |
| id | ukm-1360 |
| institution | Universiti Kebangasaan Malaysia |
| institution_category | Local University |
| last_indexed | 2025-11-14T23:15:43Z |
| publishDate | 1999 |
| publisher | Penerbit Universiti Kebangsaan Malaysia |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | ukm-13602011-08-16T01:58:53Z http://journalarticle.ukm.my/1360/ Using P-Star model to linking money and prices in a financial liberalised developing economy: The case for Malaysia Muzafar Shah Habibullah, The P-Star approach of modelling inflation proposed by Hallman et 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 prupose 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 occurences of financial liberalisation in the 1980s and 1990s Penerbit Universiti Kebangsaan Malaysia 1999 Article PeerReviewed Muzafar Shah Habibullah, (1999) Using P-Star model to linking money and prices in a financial liberalised developing economy: The case for Malaysia. Jurnal Ekonomi Malaysia, 33 . ISSN 0127-1962 http://www.ukm.my/~penerbit |
| spellingShingle | Muzafar Shah Habibullah, 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://journalarticle.ukm.my/1360/ http://journalarticle.ukm.my/1360/ |