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...
| Main Author: | |
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| Format: | Article |
| Language: | English English |
| Published: |
1988
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| Online Access: | http://psasir.upm.edu.my/id/eprint/2677/ http://psasir.upm.edu.my/id/eprint/2677/1/Real_Money_Balances_in_the_Production_Function_of_a_Developing.pdf |
| _version_ | 1848839314089181184 |
|---|---|
| author | Habibullah, Muzafar Shah |
| author_facet | Habibullah, Muzafar Shah |
| author_sort | Habibullah, Muzafar Shah |
| building | UPM Institutional Repository |
| collection | Online Access |
| description | 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 specialization
purposes and thus increase productivity. This study is an attempt to empirically test the evidence
that real money balances is an input in the production function of the Malaysian agricultural
sector. The results suggest that real money balances play significant role as a productive input in the
production function of the Malaysian agricultural sector. |
| first_indexed | 2025-11-15T07:09:28Z |
| format | Article |
| id | upm-2677 |
| institution | Universiti Putra Malaysia |
| institution_category | Local University |
| language | English English |
| last_indexed | 2025-11-15T07:09:28Z |
| publishDate | 1988 |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | upm-26772013-05-27T07:02:42Z http://psasir.upm.edu.my/id/eprint/2677/ Real Money Balances in the Production Function of a Developing Economy: A Preliminary Study of the Malaysian Agricultural Sector Habibullah, Muzafar Shah 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 specialization purposes and thus increase productivity. This study is an attempt to empirically test the evidence that real money balances is an input in the production function of the Malaysian agricultural sector. The results suggest that real money balances play significant role as a productive input in the production function of the Malaysian agricultural sector. 1988 Article PeerReviewed application/pdf en http://psasir.upm.edu.my/id/eprint/2677/1/Real_Money_Balances_in_the_Production_Function_of_a_Developing.pdf Habibullah, Muzafar Shah (1988) Real Money Balances in the Production Function of a Developing Economy: A Preliminary Study of the Malaysian Agricultural Sector. Pertanika, 11 (3). pp. 451-460. English |
| spellingShingle | Habibullah, Muzafar Shah Real Money Balances in the Production Function of a Developing Economy: A Preliminary Study of the Malaysian Agricultural Sector |
| title | Real Money Balances in the Production Function of a Developing
Economy: A Preliminary Study of the Malaysian
Agricultural Sector |
| title_full | Real Money Balances in the Production Function of a Developing
Economy: A Preliminary Study of the Malaysian
Agricultural Sector |
| title_fullStr | Real Money Balances in the Production Function of a Developing
Economy: A Preliminary Study of the Malaysian
Agricultural Sector |
| title_full_unstemmed | Real Money Balances in the Production Function of a Developing
Economy: A Preliminary Study of the Malaysian
Agricultural Sector |
| title_short | Real Money Balances in the Production Function of a Developing
Economy: A Preliminary Study of the Malaysian
Agricultural Sector |
| title_sort | real money balances in the production function of a developing
economy: a preliminary study of the malaysian
agricultural sector |
| url | http://psasir.upm.edu.my/id/eprint/2677/ http://psasir.upm.edu.my/id/eprint/2677/1/Real_Money_Balances_in_the_Production_Function_of_a_Developing.pdf |