Quantitative Analysis and Policy Conclusions

  • Masudul Alam Choudhury
  • Uzir Abdul Malik


The economic model system developed in Chapter 7 will now be suitably adapted in an actual estimation of the model system for the case of Malaysia for the period 1970–85. Then necessary policy conclusions will be drawn in the Islamic perspective. Finally, we will generalise the policy conclusions to draw up policy directions for evolving the future path of development of a global Islamic political economy.


Wage Rate Fiscal Policy Money Supply National Income Money Demand 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.


Unable to display preview. Download preview PDF.

Unable to display preview. Download preview PDF.


  1. Choudhury M. A. and U. A. Malik (1987) ‘Macroeconomic Perspectives in the Malaysian Economy, 1970–90’, Department of Social Sciences, Univesity College of Cape Breton, Sydney, Nova Scotia (mimeo).Google Scholar
  2. Choudhury, M. A. (1989) Islamic Economic Co-operation (London: Macmillan).CrossRefGoogle Scholar
  3. Government of Malaysia (1986) Fifth Malaysian Plan, 1986–90 ( Kuala Lumpur, Malaysia ).Google Scholar
  4. Guth W. (ed.) (1988) Economic Policy Coordination ( Washington, DC: Interna-tional Monetary Fund and Hamburg: HWWA Institut für Wirtschaftsforchung ).Google Scholar
  5. IMF Survey (9, March 1987) (Washington, DC: International Monetary Fund).Google Scholar
  6. IMF Survey (27 June 1988) (Washington, DC: International Monetary Fund).Google Scholar
  7. Islamic Development Bank (1988) Annual Report 1988 ( Jeddah, Saudi Arabi ).Google Scholar
  8. Johnson, H. G. (1964) ‘Toward a Generalized Capital Accumulation Approach to Economic Development’, Residual Factor and Economic Growth ( Paris: Or-ganisation for Economic Co-operation and Development).Google Scholar
  9. Kenen, P. B. (1985) The International Economy (Englewood Cliffs, New Jersey: Prentice-Hall).Google Scholar
  10. Markowitz, H. (1952) ‘Portfolio Selection’, Journal of Finance 17(1).Google Scholar
  11. Mehmet, O. (1988) Development in Malaysia, Poverty, Wealth and Trusteeship (Kuala Lumpur, Malaysia: Institute of Social Analysis).Google Scholar
  12. Pindyck, R. S. and D. L. Rubinfeld (1976) Econometric Models and Economic Forecasts ( New York: McGraw-Hill).Google Scholar
  13. Samuelson, P. A. (1949) ‘International Factor Price Equalization Once Again’, Economic Journal, 59.Google Scholar
  14. Sharpe, W. F. (1964) ‘Capital Asset Prices: A Theory of Market Equilibrium under Conditions of Risk’, Journal of Finance, 19 (3).Google Scholar
  15. Venieris Y. P. and F. D. Sebold (1977) Macroeconomic Models and Policy ( New York: John Wiley).Google Scholar

Copyright information

© Masudul Alam Choudhury and Uzir Abdul Malik 1992

Authors and Affiliations

  • Masudul Alam Choudhury
    • 1
  • Uzir Abdul Malik
    • 2
  1. 1.University College of Cape BretonSydneyCanada
  2. 2.Universiti Kebangsaan MalaysiaBangiMalaysia

Personalised recommendations