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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 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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Main Author: Muzafar Shah Habibullah,
Format: Article
Published: Penerbit Universiti Kebangsaan Malaysia 1999
Online Access:http://journalarticle.ukm.my/1360/
http://www.ukm.my/~penerbit
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spelling my-ukm.journal.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
institution Universiti Kebangsaan Malaysia
building Perpustakaan Tun Sri Lanang Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Kebangsaan Malaysia
content_source UKM Journal Article Repository
url_provider http://journalarticle.ukm.my/
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
format Article
author Muzafar Shah Habibullah,
spellingShingle Muzafar Shah Habibullah,
Using P-Star model to linking money and prices in a financial liberalised developing economy: The case for Malaysia
author_facet Muzafar Shah Habibullah,
author_sort Muzafar Shah Habibullah,
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://journalarticle.ukm.my/1360/
http://www.ukm.my/~penerbit
_version_ 1643734997257945088
score 13.18916

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