The Malaysian economy has been growing steadily and rapidly in the past two decades. The real growth rate of GDP is 6.5 percent for the 1960’s and 7.8 percent for the 1970’s. These figures are higher than the average growth rate of developing countries in the same period (5.6 percent for the 1960’s and 5.4 percent for the 1970’s). Malaysia is a resource rich country. Rubber, palm oil, tin, timber, and petrolium are major export commodities and have made an essential contribution to the excellent performance of this economy. Led by the steady expansion of exports, industrialization in Malaysia has proceeded very well with additional support by government policies in the recent years.
KeywordsExogenous Variable Endogenous Variable Money Supply Macro Model Monetary Base
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