Page 250 - Contributed Paper Session (CPS) - Volume 7

CPS2075 Wan Siti Zaleha W. Z. et al.
for the Malaysia economy. Based on the demand-pull theory of inflation,
Malaysia’s inflation may due to the need of fulfilling the demand externally.
The domestic resources need to be utilized at optimal to fulfil the domestic
demand in order to ease the inflation. Goods that satisfy domestic needs
which can be produced more inexpensively or efficiently by other countries
should to be identified and imported to lower the price. Concurrently, the
domestic production should complete the domestic demand before export.
Policymakers should also concentrate on other factors such as money supply,
interest rate, national expenditure and exchange rate which are also
contributors to inflation.

References
1. Ahmed, Rizwan Raheem; Ghauri, Saghir Pervaiz; Streimikiene, Dalia and
Vveinhardt, Jolita (2018). An Empirical Analysis of Export, Import and
Inflation: A Case of Pakistan. Romanian Journal of Economic Forecasting –
XXI (3), 117-196
2. Bank Negara Malaysia (BNM) (2011). Determinants of Inflation in Malaysia.
BNM Annual Report 2010. Kuala Lumpur: Percetakan Nasional Berhad, 50-
53.
3. Department of Statistics Malaysia. Malaysia Consumer Price Index.
Putrajaya.
4. Department of Statistics Malaysia. Malaysia External Trade. Putrajaya.
5. Islam, Rabiul; Abdul Ghani, Ahmad Bashawir; Mahyudin, Emil; and
Manickam,Narmatha (2017). Determinants of Factors that Affecting
Inflation in Malaysia. International Journal of Economics and Financial
Issues, Vo. 7(2), 355-364.
6. Lim, Yen Chee and Sek, Siok Kun (2015). An Examination on the
Determinants of Inflation. Journal of Economics, Business and
Management, Vol. 3, No. 7, 678-682
7. Mukit, Dewan and Shafiullah, Abu Zar (2013). Inflation Led Import or
Import Led Inflation: Evidence from Bangladesh. Asian Business Review,
Volume 2, Number 2/2013 (Issue 4), 5.
8. Mukit, Dewan and Shafiullah, Abu Zar (2014). Export, Import and Inflation:
A Study on Bangladesh. Amity Global Business Review Vol. 9, 46-55.

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