A systems model of the Malaysian macro‐economy
Abstract
Undertakes the formalization and development of a simulational interactive macroeconometric model for Malaysia. Focuses on theoretical perspectives but covers applied aspects of the model relating to the factual case of Malaysia. Discusses the principal goals of attaining economic growth with distributive equity as spelt out in the Malaysian New Development Plan. Formalizes and interprets the structural model system and its reduced forms. Concludes that a demand‐driven economy governed by profit rates (yield rates) is the centrepiece of a dynamically growing economy. Shows that the interactive model system learning in and through an econometric modelling must evolve from an extensive economy‐institution‐society interface.
Keywords
Citation
Alam Choudhury, M. (1995), "A systems model of the Malaysian macro‐economy", Kybernetes, Vol. 24 No. 7, pp. 75-90. https://doi.org/10.1108/03684929510095694
Publisher
:MCB UP Ltd
Copyright © 1995, MCB UP Limited